Over the last decade, the flat-pack retailer has invested in solar and wind power to the tune of $2.7 billion, and it's now tracking to cut its emissions completely in half by 2030.
Last week, IKEA announced that it will soon have the resources to generate enough renewable energy—and even some extra—to power all of its factories and retail locations worldwide. Some years back, it made more sense for IKEA to buy and install its own technology instead of purchasing the power from a supplier. Now with that clean energy tech in place, and as it becomes cheaper with increased popularity, the company is only gaining speed.
"We’re a year ahead of schedule," says Pia Heidenmark Cook, chief sustainability officer for the IKEA Group, according to an article from Fast Company.
IKEA recently purchased two solar power farms to supplement the some 700,000 solar panels fixed to their factories and retail rooftops.
Photo: IKEA
At an IKEA retail location, solar panels harvest the sun's energy to supply all the power it uses.
Photo: IKEA
IKEA already has more than 700,000 solar panels fixed to its roofs and 450 off-site wind turbines. The brand also purchased two huge solar plants in the U.S. and a wind farm in Romania. In anticipation of new growth and a profitable model for a clean-power future, the bigger vision is to now scale up to a carbon-positive operation in the wholesale interest of sustainability across the board.
"It’s profitable to work with wind and solar," says Cook. "It’s a good business case. So there is that part of it, and also, of course, it’s the right thing to do. We believe that the future is renewable."
IKEA's solar panels, in combination with wind turbines, create more than enough clean energy to power all their facilities combined.
Photo: IKEA
See the full story on Dwell.com: IKEA Is Crushing its Carbon-Neutral Goals
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