Ikea unlocks renewable power purchasing for suppliers

Home furnishings giant aims for 100pc renewable energy consumption throughout its value chain

Home furnishings company Ikea is targeting 100pc renewable energy consumption throughout its value chain by 2030. To enable this, the company has set up schemes to provide suppliers with on-site renewable energy generation and to allow them to purchase renewable energy from power companies. Ikea’s scheme bundles the purchase of renewable power certificates, thereby decreasing transaction costs. This enables small-medium enterprises (SMEs) to buy renewable electricity in some markets where they might not otherwise be able to do so due to their smaller size. Ikea currently focuses this initiative on China, India and Poland. China and India present additional challenges for renewable electricit