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Daily Digest for
December 31, 2024
IKEA's Net Zero Transition Plan for FY25
Sweden-based Ingka Group has announced its Net Zero Transition Plan for FY25, committing to reduce its climate footprint by 50% by 2030 and by at least 90% by 2050. The plan includes a roadmap for decarbonisation across its value chain, with a focus on renewable energy, sustainable materials, and circular economy principles. Ingka Group has already achieved a 30.1% reduction in emissions across scope 1, 2, and 3 since FY16. The company plans to invest EUR 7.5 billion in renewable energy by 2030 and aims for 100% renewable electricity in its operations by 2025.