Skip to content

ARTICLE

Ikea pledges to invest £3.4bn in renewable energy by 2030

The homeware giant has committed to building it’s own wind and solar farms, as well as explore energy storage and installing electric charge points at its stores.

Ikea plans to spend an additional £3.4 billion on renewable energy technology by the end of this decade – including building wind and solar farms, installing electric charge points at its premises, and exploring energy storage too.

The company spent £2.5 billion over the last decade on installing 935,000 solar panels on the roofs of its stores and warehouses, as well as investing in other wind turbines and ground mount solar farms in order to cover its electricity use as a business.

This additional investment would bring Ikea’s clean energy spending to £6.5 billion by 2030.

The cost of inaction is just too high and brings substantial risks to humanity and our business. We know that with the right actions and investments we can be part of the solution and reduce the impact on the home we share – our planet – while future proofing our business. For us, it is good business to be a good business.

Jesper Brodin, Chief Executive of Ingka Group

Stay up-to-date with the latest news

The Sparks newsletter by Energy Solutions Oxfordshire contains all the latest news and updates in the world of energy and businesses. Sign up to receive more posts like this one straight to your inbox each month.

You might also like…

Our Services: Invest

Investment: building the business case and finding funding In a recent survey, most small and medium businesses said that taking climate action is not only the right thing to do from a moral and ethical standpoint (96%), but that they believe it will improve brand reputation (73%) and will help their business stand out from…

Grant funding available

article Grant funding available for businesses in South and Vale Deadline: 7 October 2024 South and Vale District Councils have grant funding available through the UK Shared Prosperity Fund to help support businesses decarbonise and grow the local economy. Organisations based in South Oxfordshire or Vale of White Horse can apply for a grant of…

ESOx joins Carbon Monsters event in April

An online event was held in April by a consortium of local business and sustainability groups, including, Oxfordshire Business First, Oxford Brookes Business School, Bioregional, Unipart and Energy Solutions Oxfordshire. Workshops looked for practical solutions to help businesses reduce the carbon emissions from their business – and face their ‘carbon monster’. “Changing our behaviours requires…