Additional €1 billion planned for climate action

Leading up to Earth Day, the IKEA Foundation has announced it is planning to spend an additional €1 billion on climate programmes over the next five years, to reduce greenhouse gas emissions in line with the Paris Agreement. 

“An immediate decrease in carbon emissions offers the best hope for the world to keep global warming under 1.5 degrees Celsius,” says Per Heggenes, CEO of the IKEA Foundation. “But this cannot happen without unprecedented collaboration across governments, business and civil society. 

“Our renewed climate commitment aims to inspire others to step up in their ambition to safeguard our environment, while improving livelihoods at the same time. We need everyone to play their part if we are to change course towards bright futures on a liveable planet.” 

Renewable energy access

With this new funding, we will support renewable energy programmes which can deliver greenhouse gas reductions fast and efficiently. This includes replacing polluting sources of energy with renewable ones and providing access to energy to communities.

Our approach aims to unlock further funding for sustainable models and accelerate the energy transition in line with the Paris Agreement targets. 

The €1 billion in today’s announcement is in addition to the €500 million we have already planned to put towards climate mitigation and adaptation programmes over the next five years. And between 2014 and 2020, we funded climate programmes totalling €368 million. 

Increased investments

Now more than ever, governments, other funders and businesses need to increase their efforts to reduce greenhouse gas emissions. 

In this context we welcome the Ingka Group’s decision to increase its investments into renewable energy by an extra €4 billion, taking its total investment to €6.5 billion. 

The IKEA Foundation is funded by INGKA Foundation, owner of the Ingka Group of companies. We are independent of the retail business with a sole focus on creating brighter lives on a liveable planet through philanthropy and grant making. 

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  • “We are just at the beginning. A glorious future!” - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, we’ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change 🌍

Do you want to see what €2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio 🔗

#ClimateChange #ClimateAction #Livelihoods
  • Positive News Tuesday! There is rapid growth in the global movement to mobilise boards to address #ClimateChange 🌍♻️

This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative.

With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. 

The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. 

Read the Annual Report via the link in our bio 🔗

#ClimateSolutions #PeopleAndPlanet @worldeconomicforum
  • The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation.

In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets.

What’s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction 🌍

Read more about this exciting news by following the link in our bio 🔗 #CorporateClimateAction
  • ⏰ Every second counts when trying to transform our broken food system. 

Insights from our partner FSEC’s new Global Policy Report highlight the urgent need to transform food systems and the enormous benefits of doing so for #PeopleAndPlanet. 🌍

The #HiddenFoodCosts continue to accumulate — within the 10 seconds you spent reading this post, another $4,684,155 was incurred… 💸 

We need to act now to transition to food systems that are good for people and the planet. 

Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio 🔗

#FixFoodEconomics
“We are just at the beginning. A glorious future!” - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, we’ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change 🌍

Do you want to see what €2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio 🔗

#ClimateChange #ClimateAction #Livelihoods
“We are just at the beginning. A glorious future!” - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, we’ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change 🌍

Do you want to see what €2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio 🔗

#ClimateChange #ClimateAction #Livelihoods
“We are just at the beginning. A glorious future!” - Ingvar Kamprad

Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, we’ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change 🌍

Do you want to see what €2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio 🔗

#ClimateChange #ClimateAction #Livelihoods
“We are just at the beginning. A glorious future!” - Ingvar Kamprad Thanks to the incredible work of IKEA co-workers and our 248 partners on the ground, we’ve been able to take meaningful steps towards tackling the two biggest threats to humanity: poverty and climate change 🌍 Do you want to see what €2 billion worth of impact looks like for #PeopleAndPlanet? Follow the link in our bio 🔗 #ClimateChange #ClimateAction #Livelihoods
3 days ago
View on Instagram |
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Positive News Tuesday! There is rapid growth in the global movement to mobilise boards to address #ClimateChange 🌍♻️

This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative.

With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. 

The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. 

Read the Annual Report via the link in our bio 🔗

#ClimateSolutions #PeopleAndPlanet @worldeconomicforum
Positive News Tuesday! There is rapid growth in the global movement to mobilise boards to address #ClimateChange 🌍♻️ This is stated in the first-ever Annual Report of our partner @hugheshallcam, who worked on the Climate Governance Initiative. With a strong focus on impact, the initiative educates and equips corporate non-executive board members with the tools to address climate change in their businesses, and beyond. The Climate Governance Initiative is a global network dedicated to mobilising boards to accelerate the transition to net-zero and build climate resilience, and is now reaching 100,000+ business leaders worldwide. Read the Annual Report via the link in our bio 🔗 #ClimateSolutions #PeopleAndPlanet @worldeconomicforum
2 weeks ago
View on Instagram |
2/4
The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation.

In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets.

What’s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction 🌍

Read more about this exciting news by following the link in our bio 🔗 #CorporateClimateAction
The Science Based Targets Initiative (SBTi), a longstanding partner of the IKEA Foundation, has contributed to a growing demand for corporate decarbonisation. In 2023 alone, the SBTi doubled its corporate validations. 4,204 companies have been validated so far for their ambitious emission reduction targets. What’s more, the SBTi has now been granted charitable status, taking its place as an independent entity and using our $18m funding pledge to drive ambitious corporate #ClimateAction 🌍 Read more about this exciting news by following the link in our bio 🔗 #CorporateClimateAction
3 weeks ago
View on Instagram |
3/4
⏰ Every second counts when trying to transform our broken food system. 

Insights from our partner FSEC’s new Global Policy Report highlight the urgent need to transform food systems and the enormous benefits of doing so for #PeopleAndPlanet. 🌍

The #HiddenFoodCosts continue to accumulate — within the 10 seconds you spent reading this post, another $4,684,155 was incurred… 💸 

We need to act now to transition to food systems that are good for people and the planet. 

Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio 🔗

#FixFoodEconomics
⏰ Every second counts when trying to transform our broken food system. Insights from our partner FSEC’s new Global Policy Report highlight the urgent need to transform food systems and the enormous benefits of doing so for #PeopleAndPlanet. 🌍 The #HiddenFoodCosts continue to accumulate — within the 10 seconds you spent reading this post, another $4,684,155 was incurred… 💸 We need to act now to transition to food systems that are good for people and the planet. Learn more about #FoodSystemsTransformation and the hidden food costs by following the link in our bio 🔗 #FixFoodEconomics
3 weeks ago
View on Instagram |
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