Message from Steve

Take lighting as an example. led bulbs use up to 85% less energy than traditional incandescent models, saving both money and energy. But a few years ago, they used to cost around eur 10 each. We began work with our manufacturing partners and are now selling led bulbs for eur 1.50—making them affordable for those with thin wallets. Our efforts enabled us to convert our whole lighting range to led.

Another example is the renewable energy, where we’re going all-in and have committed to own and operate 327 wind turbines and installed 730,000 solar panels on our buildings. We can do a lot ourselves, but we can only tackle big challenges facing the world today by working together with other. That’s why we joined forces with other businesses and investors to launch re100, a group of companies who only want to use the renewable electricity. Now over 80 major companies have signed up, and more are set to join.

With widespread support for the Paris agreement on climate change, we are finally seeing the start of something big. This is the decarbonisation of the economy, which will transform the way we live and how business is done. These are exciting times and there are many opportunities ahead for forward-thinking businesses to contribute to, and benefit from, the development of the low-carbon economy.

We have achieved a lot over the past year, but still we are just at the beginning and we have so much to do. The IKEA vision, to create a better everyday life for the many people, gives us opportunity—as well as the responsibility— to act meet the needs of future generations.

One of the greatest impacts we can have is to inspire and enable our customers to live a more sustainable life at home.” “