Ikea has successfully combined affordability with sustainability, investing over €4.2 billion in renewable energy since 2009, which supplies 75% of its operational electricity needs. The company has reduced its CO2 emissions by 30% since the Paris Agreement while experiencing a 24% increase in sales. Jesper Brodin, CEO of Ingka, states that investing in renewables has not only benefited the environment but also saved costs significantly, contrary to initial beliefs about renewable energy premiums. Ikea's energy efforts could power 1.47 million households in the EU, highlighting their influence in the energy market.
Since 2009, Ikea has invested over €4.2 billion in renewable energy, now providing 75% of the company's electricity needs for furniture production and retail.
The firm's CO2 emissions are down 30% since the Paris Agreement of 2015, while sales have grown by 24%, showcasing a successful environmental strategy.
The investment in renewable energy has allowed Ikea to reduce energy costs by 27% since 2015, demonstrating that renewables can be cheaper than fossil fuels.
Ikea's energy generation from 49 wind farms and 26 solar parks could meet the electricity needs of 1.47 million EU households, reflecting its scale as a utility.
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