IKEA shooting for 100% clean energy by 2020

By Glenn Meyers

Clean Technica

IKEA, the planet’s largest furniture retailer, has announced it will shift to 100% renewable energy by 2020. By that time, it will also grow more trees than it uses under a broad-based plan to safeguard nature that has won strong support from environmentalists.

The Swedish retailer is oriented to addressing many of its customers’ desire for a greener lifestyle. As such, on Tuesday, officials stated the company by 2020 would limit sales to only energy-efficient products, including induction cookers and LED light bulbs.

“This will be a great driver of innovation,” said Mikael Ohlsson, chief executive of the firm, told Reuters in an interview.

IKEA will invest €1.5 billion ($1.95 billion) from 2009-2015 in solar and wind power to produce at least 70 percent of the group’s energy. By 2020, it expects to produce as much renewable energy as it consumes.

The company’s commitment to renewable energy is stunning. IKEA presently owns wind farms in six European nations and has already installed 342,000 solar panels on its stores, warehouses, and factories. In total, these generate 27% of the group’s electricity.

 

Share this!

Additional Articles

Top master-planned communities for 2024

By AZ Big Media Here are the Top 10 master-planned communities in Arizona, based on public voting for the 2024 edition of Ranking Arizona, the state’s biggest and most comprehensive business opinion poll. Ranking Arizona

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.