Press release
40KB
january 30, 2015 - IKEA
IKEA Group announces strong sustainability progress
The IKEA Group Sustainability Report for fiscal year (FY ) 2014, released today, shows its People & Planet Positive strategy is on track and delivering good results. Sustainability performance is announced today alongside strong financial results, which show an increase in total sales to EUR 28.7 billion, a 5.9% increase (adjusted for currency impact) from last year.
Sustainability highlights from FY14:
- During the year, IKEA Group committed to own a further 87 wind turbines, bringing the total to 224, and installed 150,000 solar panels, increasing the total to 700,000 and taking the company a step closer to producing more renewable energy than the total energy it uses by 2020. By the end of 2015, we aim to have invested and committed to invest EUR 1.5 billion in renewable energy projects.
- The sales value of products for a more sustainable life at home passed €1 billion, a 58% increase compared with FY13. These products enable people to save or generate energy, reduce water use, cut waste and live healthier lives.
- 75% of all lighting products sold were LED or compatible with LED bulbs, which use 85% less energy and last 20 times longer than traditional (incandescent) bulbs. The entire IKEA lighting range will convert to LED by September 2015...
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