IKEA, aims to achieve 100% renewable energy
Nearly two thirds of IKEA's climate balance is related directly to the supply chain including supplier production. That's why IKEA announced a campaign to obtain 100% renewable power from direct sources, specially where renewable energy is presently difficult to get.
In the whole value chain, IKEA aims for 100 percent renewable energy sources. The initiative enables around 1,600 direct providers to go to 100% renewable energy.
Poland, China, and India are the initial nations where the program will be launched on 2021.
Direct suppliers will be able to acquire 100% renewable power under the new scheme, which was launched today. IKEA will provide local solution for the acquisition of renewable electricity electricity from the grid, including packaged framework agreements and power purchase agreements, enabling its direct suppliers to buy 100 percent of renewable electricity for production. This can cover the supplier's electrical needs, which cannot be fulfilled on-site.
The goal is to reach 100% renewable electricity in 2025.
This project is critical in achieving science-based objectives that are consistent with the 1.5°C business ambition, as well as supporting IKEA's goal to become climate positive by 2030 ensuring that all remaining energy, such as heating and cooling, is also renewable.
IKEA is one of the members of the ‘1.5°C Supply Chain Leaders’ initiative, which is hosted by Exponential Roadmap Initiative, an official partner of the UNFCCC Race to Zero campaign.
We invite you to read more about the renewable industry news and if you want to learn more about IKEA's initiative, follow the link to their official news page.