IKEA is committed to taking the lead on climate action and working together with all parts of society to make a positive difference. At COP25 in Madrid, Inter IKEA Group will sign a partnership agreement with UN Climate Change to drive climate action together.
“Sustainability can’t be achieved in isolation - collaboration between different parties is key to address climate change. The signing of the partnership with UNFCCC is an important example of this”, says Torbjörn Lööf, CEO Inter IKEA Group.
IKEA has decided to transform into a climate positive and circular business by 2030 – a business built on clean renewable energy and regenerative resources; decoupling material use from growth.
“We do this not only because it is our responsibility. We do this because it is an opportunity to continue to grow and reach more people within the limits of the planet. To make this happen we must take action together with others,” says Torbjörn Lööf.
The UN Climate Change Conference COP25 will take place under the Presidency of the Government of Chile and held with logistical support from the Government of Spain. The conference is designed to take the next crucial steps in the UN climate change process. The theme of this year “time for action” sets the scene for countries to step up their ambition and commitments in line with the Paris Agreement.
“To address the climate change emergency we collectively face and limit global temperature rise to 1.5C, it is vital that governments and businesses—indeed, all segments of society—urgently scale up their efforts to reduce emissions,” said Patricia Espinosa, Executive Secretary of UN Climate Change. “We therefore welcome IKEA’s commitment to science-based emissions targets through the UN Global Compact 1.5 Degree pledge and encourage all companies to do the same.”
“Becoming a climate positive business is a transformational change of IKEA. It means rethinking every aspect of how we do business. We have a positive and solution-oriented approach and we are optimistic about the future. We should not underestimate the challenges, but with big challenges comes big opportunities. Together with our co-workers, customers, suppliers and partners, we are determined to use our size and influence to make a positive difference”, says Torbjörn Lööf.