The science is clear – the climate crisis is no longer a distant threat but a living reality that is impacting millions of people every day – people, families, businesses and entire countries. With only five years left to deliver to the Paris Agreement, this year’s United Nations Climate Change Conference, COP29, is our chance to set bold, actionable targets to speed up the transition and ensure a fair and fast shift to net-zero.
“We have an opportunity to change the course of climate change. Let’s step up, act together, and turn our words into concrete actions. Actions speak louder than words!“
– Jesper Brodin, CEO, Ingka Group
We are in the most important decade of climate action, with only a few years left to course correct. We are in a pivotal time and delivering to the Paris Agreement means drastically reducing GHG emissions and phasing out fossil fuels. As a multinational business, we hold a responsibility to lead – by decarbonizing our operations, investing in renewable solutions, and collaborating across sectors. But we cannot do this alone; public and private sectors must unite as never before to drive the change needed.
Solutions are within reach
The good news? The solutions are within reach. Renewable energy technologies, circular models, and sustainable practices in food, agriculture, and transport already exist. And we know it’s good business to be a good business. However, we must collectively move further and faster. Now is not the time to lose hope or focus. It’s time to step up. As I attend COP29, my message will be clear: we need bold ambitions, collaboration and action from both public and private sectors.
Policies that enable the transition
Unless we drastically reduce emissions, every country and their economies will face the impacts of climate change. Now, leaders must focus to increase their efforts to phase out fossil fuel production, agree on the rules for a fair and effective carbon market and take fundamental step-change on climate finance across the board.
At COP29 and on the road to COP30 we advocate the following actions from governments to lay the foundation to transform the global energy system and halve emissions this decade:
- Develop ambitious 1.5°C aligned NDCs. Set short and long-term policies to finance and accelerate the transition to renewable energy, circular economy, sustainable transport, food systems, food waste, agriculture, and forestry.
- Accelerate the renewable energy transition and phase out fossil fuels, while increasing energy efficiency. Invest in necessary infrastructure and streamline permitting processes to enable businesses and people to transition faster.
- Scale up climate finance and de-risk private capital flows. The New Collective Quantified Goal must be raised to aid developing countries disproportionately affected by climate change.
We remain committed to do our part and have already reduced our climate footprint by 24.3%, while growing the businesses by 30.9%. We are putting our resources where our commitments are; investing 7.5 BEUR into renewable energy by 2030, with 4.2 BEUR already deployed. This investment demonstrates our dedication to accelerating a net-zero society and creating a sustainable legacy for future generations.
We have an opportunity to change the course of climate change. Let’s step up, act together and turn our words into concrete actions.
Actions speak louder than words!
Jesper Brodin, CEO, Ingka Group
The UN Climate Change Conference, COP29, (Conference of the Parties) is taking place in Baku, Azerbaijan from 11th – 22nd November. At COP29, Ingka Group will be represented through CEO Jesper Brodin and Climate & Nature Director Simon Henzell Thomas who will actively take part in key events at the Summit to share actions and advocate for the goals, policies, investments, and actions that will accelerate the transition to a net-zero society.
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Ingka Group Net-Zero Roadmap – Net-Zero Transition Roadmap | Ingka Group
Why we advocate for a net zero world – To read more information on Ingka Group’s climate advocacy and policy asks, please go to the climate advocacy page on Ingka.com here: Climate change advocacy | Ingka Group
About Ingka Group
With IKEA retail operations on 31 markets, Ingka Group is the largest IKEA retailer and represents about 90% of IKEA retail sales. It is a strategic partner to develop and innovate the IKEA business and help define common IKEA strategies. Ingka Group owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. It has three business areas: IKEA Retail, Ingka Investments and Ingka Centres. Read more on www.Ingka.com.
Media enquiries
For further information, journalists and media professionals can contact us at press.office@ingka.com or by calling +46 70 993 6376.
