, APAC
Shutterstock photo

Ingka Group unveils strengthened climate targets

It focuses on reducing GHG emissions, carbon removal and storage, and contributions beyond the value chain.

Ingka Group, the largest IKEA retailer, has announced that its updated climate targets for reducing greenhouse gas (GHG) emissions have been validated and approved by the Science Based Targets initiative (SBTi).

The group said this marks a significant step in the their commitment to climate action, initially set in 2018. Since then, Ingka Group has reduced its climate footprint by 24.3% whilst increasing revenue by 30.9% compared to the 2016 baseline.

In November 2023, Ingka Group strengthened its climate targets to align with the SBTi Corporate Net-Zero Standard, which were approved in April 2024. These targets commit the company to reducing absolute GHG emissions from the value chain by at least 50% by FY30 (compared to FY16) and achieving net zero emissions by 2050, without relying on carbon offsets. 

The updated "Net Zero and Beyond" ambition also reaffirms IKEA’s commitment to the Paris Agreement and limiting global temperature rise to 1.5°C. 

Ingka Group’s strengthened climate targets focus on three areas, including reducing GHG emissions, carbon removal and storage, and contributions beyond the value chain.

Key actions to achieve "Net Zero and Beyond" include using 100% renewable electricity across operations, electrifying customer home deliveries and co-worker travel, improving energy efficiency, increasing the use of sustainable materials and plant-based food offerings, transitioning to a circular business model, and promoting sustainable choices for customers. 

“The climate crisis is one of the biggest challenges facing humanity and as a business we are driving action in our business and beyond to contribute to limit global temperature rise to 1.5°C,” said Jesper Brodin, CEO, Ingka Group.

“Even if we have come far on our journey, we all need to do more, and the latest climate science is telling that we need to move with impact and speed,” he said, adding stakeholders can drive societal change by accelerating climate action through collaboration with partners, governments, the private sector, and customers.
 

Follow the link for more news on

K3Mart memadukan budaya Korea dan produk UMKM lokal dalam satu gerai

Convenience store itu menyediakan perbandingan produk impor dan produk lokal sebesar 50:50 di 30 outlet mereka.

Meningkatkan penelusuran dan efisiensi manajemen inventaris dengan barcode 2D GS1

Barcode 2D ini berfungsi sebagai penyimpanan data yang kompak.

The Coffee Bean & Tea Leaf menyeimbangkan kualitas dan kenyamanan melalui produk ritel

Mereka memperluas rangkaian produk termasuk berbagai kopi single-origin yang disesuaikan dengan preferensi pemanggangan yang berbeda.

KCG menguasai brand positioning untuk segmen premium di Indonesia

Mereka mengadopsi solusi berbasis teknologi terbaru untuk sukses mengelola 92 toko ritel di 20 kota di Indonesia.

Ini alasan brand-brand mewah meningkatkan investasi AI

Sektor ini telah menginvestasikan lebih dari $360 juta dalam AI selama tiga tahun terakhir.

Bacha Coffee menguasai retail kaya sensorik di Jakarta

Memadukan warisan dan kemewahan, Bacha Coffee Plaza Senayan menghadirkan pengalaman unik bagi pecinta kopi Indonesia.

Bagaimana WCT Malls meningkatkan penjualan tenant melalui pemasaran terarah

Melalui pemasaran terarah, mal ini meningkatkan penjualan tenant dan tingkat okupansi.

Langkah besar untuk GOPIZZA: 2.000 toko di akhir 2024

CEO GOPIZZA bertujuan menjadikan brand tersebut sebagai pizza terjangkau  dan terbaik dari Asia Tenggara ke seluruh dunia.

Peritel harus bersiap untuk ‘commerce tanpa batas’

Ahli dari KPMG memprediksi akhir dari perbedaan ritel online dan offline seiring dinamika keterlibatan konsumen.