A lot of companies are investing into renewable energy, but how many can say they’re producing more than they need? I can’t think of a single one. However, IKEA thinks it will do just that. Its holding company Ingka revealed that IKEA will generate more renewable energy before the end of 2019 than the energy its stores use. The firm only expected to break even by 2020.
The furniture chain also says that it had invested about $2.8 billion in solar and wind energy over the past decade, and told Reuters that it intended to continue funding that renewable tech, including two stakes in American solar farms this week. Yes, they are serious about this endeavor.
Ikea expects to offer home solar panels in stores across all its markets in 2025. Ultimately, it plans to be climate-positive which means reducing more emissions than it puts out by 2030.
Like Google, Amazon and others, it’s using both the Global Climate Strike and the UN’s Climate Action Summit to build goodwill. Instead of merely going for neutrality, more companies might try to counter the effects of climate change. It makes them look good and it is what the people seem to want, so it is a win-win.