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Ingka Investments Sustainability 19 September 2019

Ingka Group set to exceed 2020 renewable energy target

Recent investments by Ingka Group means the company will be able to generate more renewable energy than it consumes across its worldwide operation by next year. 

Since 2009, Ingka Group has invested close to 2.5 billion euros in onsite and offside wind and solar power as part of its ambition to become climate positive by 2030.  
 
Recent investments in two solar parks in the US and a windfarm in Romania will enable Ingka Group to generate more renewable energy than it consumes across its operations in 2020. 

“We believe the future of energy is renewable. We have invested heavily in wind and solar over the past decade because it makes our business stronger. We are excited that our actions have resulted in us exceeding an important milestone on the IKEA journey to become climate positive. We hope to send a clear message that renewable energy is a great investment today, and that what is good for business is also good for the planet,” says Jesper Brodin, CEO, Ingka Group.

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