Swedish companies can play a leading role in mitigating climate change

In the wake of recent findings – the result of ongoing analysis to help define the new Swedish climate targets – comes the stark realisation that Sweden will not meet the goals set for 2030.  

But these concerns are not just limited to Sweden; we know the whole world is falling badly behind. We are halfway to the Paris Agreement. We only have six years left to reduce our greenhouse gas emissions by 35%. If we miss the 2030 target, we cannot reach net zero by 2050 and the damage to the planet will be irreversible.

A huge part of the systemic change has to be driven by businesses. Our economies have thrived for 200 years due to rapid industrialization boosted by large polluting industries. The top 100 companies are responsible for 71% of the world’s emissions. So how do we  as humanity recalibrate our attitudes towards growth and instead focus on creating sustainable, circular economies and building a more livable planet for the next generation?

The private sector has a key role to play. Businesses have the resources, ingenuity and ability to scale to lead the vanguard of economic and environmental progress around the world.  

We need to develop heroes and champions in the corporate sector who support low-carbon and circular ways of working to create a cleaner, greener, sustainable planet.

Which is why we founded We Mean Business in 2014, and subsequently launched the Science Based Targets initiative (SBTi) so as to set a voluntary global standard for companies to establish their net zero emission targets. SBTi is a key methodological instrument that sets greenhouse gas emissions reduction targets in line with what science tells us is needed to keep global heating below catastrophic levels. 

We know that companies with approved targets significantly reduce emissions much faster. We also know that in view of this the demand for corporate climate target validation is growing exponentially.  In 2022, the SBTi validated 87% more companies than in the year before, in fact it was more than the entire seven years prior combined.

We celebrate the fact that corporate climate action is accelerating, and it must: the human and economic costs of climate change are simply unacceptable. The letter signed by CEOs earlier this week was an outstanding example of just how motivated many businesses are to play a central role in changing the status quo.

But a lot more needs to be done, we cannot rest on our laurels. Already, some challenges are being pushed into the future. While setting and progressing against scope 1 (direct emissions) and scope 2 (purchased energy emissions) reduction targets are quickly becoming a reality for businesses across all sectors and regions, scope 3 emissions targets, which are emissions outside of your direct control like those from your supply chain, remain a real challenge.

According to CDP, on average, scope 3 targets are 11.4 times larger than direct emissions. From data limitations to influencing suppliers, businesses have cited scope 3 as one of the biggest hurdles to setting and achieving science-based targets.     

SBTi’s supplier engagement targets commit a company to sourcing a certain percentage of goods and services from companies that have also set science-based targets. By engaging with these compliant suppliers in the near-term, supplier engagement targets enable businesses to deliver on scope 3 goals ambition.

The benefits of supplier engagement targets extend beyond emissions reduction. They can also result in higher-quality supplier relationships, which will enhance efficiency, transparency, and resilience across the value chain. 

These efforts build credibility with investors, customers and employees who increasingly expect companies to take broader responsibility for impacts across their value chain.

Scope 3 can seem intimidating when it comes to decarbonization —but the supply chain might also be where companies can make the biggest impact. And when you extrapolate that across the thousands of companies taking action, the result could be the exponential growth of decarbonization around the world.  

Frontrunning companies have already taken impressive action and are stimulating their peers to go faster too. Sweden is leading the way by some measure. 6% of all companies with Net Zero targets validated by the Science Based Targets initiative are Swedish- 289 in total.

To put this in perspective, the country with the highest number of companies 722 in total with science-based targets  is the United Kingdom, with a population seven times the size of Sweden.

For everyone’s sake – we need all companies to take their targets more seriously and, most importantly, to take action more quickly. 

It’s an opportunity for Swedish companies to lead the way and have an impact far beyond the Nordics. 

Per Heggenes, CEO of IKEA Foundation

On Wednesday 22 November, this op-ed was published in Akutell Hållbarhet – Swedish companies can play a leading role in climate change mitigation.

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We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
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#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
  • HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
  • HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
  • 2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ 

We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘

In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution.

Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. 

Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡
https://ikeafoundation.org/stories/annual-review-2023/ 

#AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ WASTE here! ๐ŸŒ We work to reduce plastic waste and improve the conditions faced by informal waste workers ๐Ÿง‘โ€๐Ÿคโ€๐Ÿง‘ In India, 15 million metric tonnes of plastic waste are generated every year, but only around 25% of that waste is recycled. There are also millions of informal waste workers in India who play a key role in plastic waste management but often donโ€™t earn a living wage and are subject to environmental pollution. Our #2023AnnualReview highlight was about our Financial Inclusion and Improved Livelihoods Out of Plastics (FINILOOP) programme in India, where 364 metric tonnes of additional plastic waste were collected and recycled and, as a result of supporting informal waste workers in obtaining vital government documents, 111 children received access to education. Read more about how weโ€™re creating a more positive impact on the livelihoods of waste workers and the planet ๐Ÿ‘‡ https://ikeafoundation.org/stories/annual-review-2023/ #AnnualReviewSeries #WasteSystemsTransformation #WasteManagement #PeopleAndPlanet #IKEAFoundationHighlights2023
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HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ 

Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ

2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. 

Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”—

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ weโ€™re @practical_action! ๐Ÿ‘‹ Are you curious to hear what our #2023AnnualReview highlight was? ๐Ÿ’ญ 2023 marked the conclusion of our five-year Transforming Rural Economies and Youth Livelihoods (TREYL) programme. Our partnership with the IKEA Foundation has improved incomes and livelihoods for 9,400 young entrepreneurs, half of them women. Learn more about Practical Action and how weโ€™re transforming rural economies and youth livelihoods through #RegenerativeAgriculture to create more opportunities for farmers via the link in our bio ๐Ÿ”— #AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
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HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. 

Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty.

Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”—

Stay tuned for the next partner review! โญ 

#AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
HEJ! ๐Ÿ‘‹ Weโ€™re @acumenorg and weโ€™re excited to share our #2023AnnualReview highlight from our collaboration with IKEA Foundation. Talking about failure can be uncomfortable, but when we donโ€™t, we miss the opportunity to grow. The value of failure is in helping us โ€“ and other funders, philanthropic organisations and companies โ€“ to learn from mistakes, create more impact and make real progress towards eradicating poverty. Learn more about Acumen and how weโ€™re inviting others to share their learnings from failures and enabling actors to make wiser decisions in the future via the link in our bio ๐Ÿ”— Stay tuned for the next partner review! โญ #AnnualReviewSeries #PeopleAndPlanet #IKEAFoundationHighlights2023
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2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ

For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™

Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ

Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”—

#PeopleAndPlanet #IKEAFoundationHighlights2023
2023 marked the halfway point to the deadline of the Sustainable Development Goals (2030) โฐ For our #2023AnnualReview, we asked some of our partners to take a look back at the past year to reflect on their progress and learnings ๐Ÿ”™ Follow our socials and join us on a journey to see if itโ€™s still possible to change the future of our planet ๐ŸŒ Read more about our 2023 Annual Review via the link in our bio ๐Ÿ”— #PeopleAndPlanet #IKEAFoundationHighlights2023
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