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Add to Preferred SourcesAt the United Nations Climate Change Conference COP25 in Madrid (2-13 December), the home furnishing brand IKEA will showcase strategies and practices it is adopting to become a “climate positive” business by 2030, thereby reducing more greenhouse gas emissions than the IKEA value chain emits.
As a partner of UN Climate Change at COP25, IKEA has signed up to science-based emission reduction targets and committed to the UN Global Compact 1.5 degree pledge, which invites leading businesses to comply with the most ambitious temperature goal of the Paris Climate Change Agreement. The company intends to share its approach to sustainability in several events throughout the conference to inspire other actors to follow suit.
“To address the climate change emergency 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 immediately develop implementable, scalable and replicable business solutions that will support the systemic transformation we need.”
“Becoming climate positive and fully sustainable business means a transformational change for 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”, said Torbjörn Lööf, CEO at Inter IKEA Group.
On 5 December, together with the United Nations Development Programme and the Food and Agriculture Organization, IKEA will also co-host an event titled “Climate Change and Land Use – Opportunities and Risk”, exploring questions related to what governments and businesses can do to improve land use management with a special focus on forestry and agriculture. The IKEA approach to responsible and sustainable sourcing of wood will be used as an example.
On 10 December, IKEA is hosting an event with WWF as a facilitator and inviting companies, policymakers, NGOs and other stakeholders to join a discussion about what a global definition of climate-positive is. IKEA will highlight the importance of absolute reductions and engaging the full value chain, from raw materials to the end of the life of a product.
IKEA recently announced it is investing 200 million euros to speed up the adoption of renewable energy by its suppliers and to remove carbon from the atmosphere through reforestation and restoration of degraded forests, as well as better forest management practices.
On 11 November, IKEA will participate in the UN Climate Change special event “Making Food Compatible with the Paris Agreement”, sharing experiences from its initiatives to make sustainable food affordable, accessible and inspiring.
IKEA is in the process of creating plant-based versions of its three most popular and iconic products: hotdogs, ice cream and meatballs. The company also signed the Cool Food Pledge to diminish food-related greenhouse gas emissions by 25% by 2030 and works extensively with food waste reduction in its value chain.
On 12 December, IKEA will host another key event in the EU pavilion titled “Accelerating Industry Transformation” using the IKEA business transformation as an example. IKEA is together with partners driving technological shifts in materials, food, transport, stores and energy consumption in households.
The partnership with Ikea is part of a series of partnerships between UN Climate Change and relevant stakeholders to support climate action. The partnerships for COP25 with non-Party stakeholders are foreseen in the Marrakesh Partnership for Global Climate Action (MPGCA).
Original source: UNFCCC
Published on 28 November 2019