IKEA gets more than half of power from renewables

Furniture giant IKEA has announced that 53% of its electricity is generated from renewables. The firm which claims it is in process of achieving its 2020 target of producing 100% […]

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By Jacqueline Echevarria

Furniture giant IKEA has announced that 53% of its electricity is generated from renewables.

The firm which claims it is in process of achieving its 2020 target of producing 100% of energy from green sources.

Its Sustainability Report released at the COP21 climate talks in Paris, states it is investing €1 billion (£0.72bn) to tackle climate change.

It added it has committed €600 million (£432m) of investment for renewable energy and €1.5 million (£1.08m) for wind and solar.

IKEA also claims around €400 million (£288m) will be invested by 2020 to support communities which are most impacted by climate change.

Steve Howard, Chief Sustainability Officer at IKEA Group said: “At IKEA we’re going all-in. All-in to combat climate change, conserve natural resources and tackle inequality. You need support from everyone across the business to make these kinds of commitments and whilst we still have a way to go, we are beginning to have a real positive impact.”