Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

IKEA Group Has Had Strong Financial And Sustainable Year


The sustainability report of 2015 for the IKEA Group brings good tidings to the company.

Dailycsr.com – 27 December 2015 – The “People & Planet Positive” sustainable strategy under taking by the “The IKEA Group” reveals that the Sustainability Report of IKEA for the year 2015 indicates its progress in the same direction whereby the commitments also include tackling the issue of climate change.
The announcement of the sustainable performance came in time with the results of a “strong financial” fiscal year for the IKEA. Likewise, the total sales figure of the company shows an increment of “11.2%” over its previous year’s performance, whereby arriving at “EUR 31.9 billion”.
Here are “the highlights” from the IKEA’s Sustainability Report for the year of 2015, as provided by Ethicalperformance.com:
  • “IKEA Group and the IKEA Foundation committed a total of EUR 1 billion to tackle climate change. IKEA Group committed EUR 600 million for investment in renewable energy, building on the EUR 1.5 billion invested in wind and solar since 2009, and IKEA Foundation has committed EUR 400 million through 2020 to support the communities most impacted by climate change.
  • “IKEA Group produced renewable energy equivalent to 53% of the total energy consumption in its operations, on track for 100% by 2020.
  • “The entire IKEA lighting range is now LED or compatible with LED bulbs. In FY15, IKEA Group sold more than 90 million LED bulbs and lamps, enabling millions of households to reduce their energy bills.
  • “All of the cotton and half the wood used in IKEA products now comes from more sustainable sources.
  • “Together with our suppliers, we significantly reduced working hours, while maintaining wage levels, for the people who work for our suppliers in China.
  • “We launched the veggieball - a healthy, low-carbon alternative to our famous meatball.”
In the words of the Chief Executive Officer cum the President of IKEA Group, Peter Agnefjäll:
“Our vision is to create a better everyday life for the many people and we are determined to make a positive difference to people and the planet. That’s why we want to become completely sustainable by transforming our business and why we’re raising our voice on critical issues such as climate change.”
While the chief sustainability officer at IKEA Group, Steve Howard:
“At IKEA we’re going all-in. All-in to combat climate change, conserve natural resources and tackle inequality. You need support from everyone across the business to make these kinds of commitments. And whilst we still have a way to go, we are beginning to have a real positive impact.”