The furniture company is now hoping to convince more customers to choose a plant-based, carbon-friendly version of its iconic meatball. In August, it will launch a new “plant ball” in European stores. US stores will follow in September.
In 2019, IKEA invested $2.8 billion in renewable energy infrastructure. IKEA put 1 million solar panels on 370 0f its stores and warehouses, and also built 535 wind turbines and 2 solar parks.
“Becoming climate positive and a fully sustainable business means a transformational change for IKEA. It means rethinking every aspect of how we do business.”
“We want to harness people’s energy behind ditching single-use plastic straws and disposables, to draw attention to the thousands of everyday changes we can all make to have a big impact on the planet.”
IKEA will generate more renewable energy before the end of 2019 than the energy its stores use. Ultimately, it plans to be climate-positive by 2030.
IKEA claims it is on track to achieve 100% by 2030 but will need to work with industry to spur the creation of larger supply chains for recycled materials such as wood, plastic and fabrics.
The Swedish furniture giant said it will stop selling single-use plastic products like straws, plates, cups, freezer bags, garbage bags, and plastic-coated paper plates and cups.
Nearly a fifth of Fortune Global 500 companies have committed to set science-based targets, including this year alone big names such as McDonald’s, IKEA, and AB InBev.
IKEA, the world’s biggest furniture retailer, plans to use only renewable and recycled materials in its products by 2030.
The industry-wide program was one of the first of its kind to see firms agree to shared sustainability goals, commit to jointly disclosing their progress and promise to share best practices.