Ikea slashes global carbon footprint as revenues surge

Ikea cargo bike

Ingka Group, the largest of Ikea’s retail brands, has slashed its carbon emissions by 12.7% year on year while delivering a 30.9% increase in revenue for the same period.

The retailer said that in 2023 it decreased Scope 3 emissions by 12.5% and invested an additional €700m (£598m) into renewable energy – taking its total investment since 2009 to €4bn (£3.4bn).

 

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