IKEA Is Latest Company To Gain Approval For Science-Based Climate Targets

Climate Forests Jun 22, 2018
Lars Skogafoss

Global furniture giant IKEA Group has promised to reduce the climate footprint of its products 70 percent by 2030, and now it can back that claim up after becoming the 113th company to see its emission-reduction strategy approved by the Science-Based Targets initiative.

The initiative is a collaboration between CDP, the United Nations Global Compact (UNGC), World Resources Institute (WRI), and the World Wide Fund for Nature (WWF) designed to ensure corporate commitments to reduce greenhouse gasses are being developed in accordance with recognized principles and in ways that can be quantified and verified.

In addition to its pledge to reduce emissions from stores and other operations 80 percent in absolute terms, IKEA has pledged to reduce emissions from customer and co-worker travel and customer deliveries by 50% in relative terms and also to reduce value chain emissions 15 percent in absolute terms, which the company has long said translates into a 70 percent reduction in the climate footprint of its products.

The Science-Based Target stamp of approval gives that claim more validity.

A total of 422 companies have pledged to take action, but only 113 have so far gone through the approval process. You can see which companies have made the cut by hovering over the markers in the map below:

About the Author

Steve Zwick
Steve Zwick is the Managing Editor of Ecosystem Marketplace. Before joining EM, he covered European business and security issues for Time Magazine, Fortune Magazine, and the Wall Street Journal. He also hosted the current affairs program Newslink on Deutsche Welle Radio, and has twice been short-listed for the World Leadership Forum’s Business Journalist of the Year Award.