24
Oct
2012
Resource Effectiveness
Production

Ikea aims for energy independence

Ikea People & Planet PositiveYesterday, Ikea launched a new sustainability strategy for 2020, called ‘People & Planet Positive’. The new strategy includes several concrete objectives to be accomplished between 2012 and 2020. The most prominent objective is to become energy independent by 2020.

Energy independence means that by 2020 Ikea will own and operate renewable energy installations that produce as much energy as is consumed in its own operations, excluding suppliers. To achieve this, Ikea will invest € 1.5 billion in wind and solar energy, to expand the current portfolio of 342,000 solar panels, and 180 MW of wind energy capacity across five countries.

Among the key benefits of energy independence, Ikea mentions complete price certainty, no exposure to introduction of carbon legislation, and an attractive return on investment.

Ikea also talks about resource independence, which seems to suggest backward integration and/or long-term supply agreements, but what Ikea actually means is that it wants to promote more sustainable use of natural resources, through better sourcing, and by promoting reuse and recycling.

This part of the strategy is less detailed, and contains various references to further work to be done in coming years. For example Ikea mentions that it will ‘develop a low carbon material strategy by the end of FY 2014’. Ikea also wants to make sure that customers have access to easy options for reuse and recycling, but provides no further details as to how this will be achieved.

While many of the finer details of this plan are yet to be fully fleshed out, the overall direction is clear: Ikea wants to transform towards resource effectiveness.