Ikea Group, Corp. is a multinational furniture retailer that was founded in Sweden in 1943. The company has since expanded to over 50 countries and has become a household name in the furniture industry. While Ikea is known for its affordable and stylish furniture, the company has also made significant strides in sustainability and decarbonisation.

One of Ikea's main sustainability goals is to become a carbon-neutral company by 2030. To achieve this, the company has implemented a number of initiatives to reduce its carbon footprint. One of the key initiatives is decarbonisation, which involves reducing the amount of carbon emissions that the company produces. Ikea has set a target to reduce its greenhouse gas emissions by 80% by 2030, compared to its 2016 baseline. To achieve this, the company is investing in renewable energy and energy efficiency measures.

Corporate energy is another area that Ikea is focusing on. The company has set a target to produce as much renewable energy as it consumes by 2020. To achieve this, Ikea is investing in wind and solar energy projects. The company has already installed over 700,000 solar panels on its stores and warehouses, making it one of the largest solar panel owners in the world. Ikea has also invested in wind farms in several countries, including the UK and Sweden.

Corporate power purchase agreements (PPAs) are another way that Ikea is investing in renewable energy. PPAs are agreements between a company and a renewable energy provider, where the company agrees to purchase a certain amount of renewable energy from the provider. Ikea has signed several PPAs with wind and solar energy providers in the US and Europe. These agreements not only help Ikea to achieve its sustainability goals, but they also provide a stable source of renewable energy for the company.

In addition to its renewable energy initiatives, Ikea is also focusing on energy efficiency measures. The company has set a target to reduce its energy consumption by 20% by 2020, compared to its 2010 baseline. To achieve this, Ikea is investing in energy-efficient lighting, heating, and cooling systems. The company is also implementing energy-saving measures in its stores and warehouses, such as motion sensors and timers.

Overall, Ikea is making significant strides in sustainability and decarbonisation. The company's commitment to renewable energy and energy efficiency is not only good for the environment, but it also makes good business sense. By investing in renewable energy and energy efficiency measures, Ikea is reducing its energy costs and creating a more sustainable future for its customers and employees.