IKEA have announced a new strategy that will see the chain become more self sufficient in renewable energy by 2020.
The strategy entitled ‘People and Planet Positive’ aims to help it’s 655 million visitors and it’s own operations become more sustainable. The plan is backed by 1.5 billion euro investment programme in wind and solar projects to make them entirely energy independent.
IKEA has more than 298 stores in 26 countries which includes 36 in the US. 34 locations have already installed solar panels, and 5 more have plans to install them, eventually adding up to 38 MW and cover 89% of it’s American stores and distribution centres.
As part of its current €590 million investment in renewable energy, IKEA also owns and/or operates 110 wind turbines in Europe, including a 12.3 MW wind farm in Scotland.
IKEA says from 2016 it will only sell LED lighting, which can last around 20 years and uses 85% less electricity and will sell the most efficient home appliances, ensuring that all packaging is recyclable or recycled.
“We believe that sustainability should not be a luxury good – it should be affordable for everyone,” says he group’s chief sustainability officer, Steve Howard. “With over 770 million visitors to our stores, we are excited by the opportunity to help our customers… with products that help them save money on their household bills by reducing energy and water use, as well as reducing waste.”