Climate change is real, and we need to fight it collectively. Larger organizations especially need to evaluate their carbon footprint and make a sustainable shift where possible. And much to our surprise, going down this road is Ingka Group that owns Ikea (or most of it).
The entity recently bought a 10,840-acre property in southeast Georgia (a forest land) to protect it from destruction. It will be managed by the marquee’s investment arm – Ingka Investments, in southeast Georgia itself.
Commenting on it, the group, in a statement, said, “The acquisition strengthens Ingka Group’s commitment to responsible forest management, as conservation measures are fully included in the forest management plans.” At present, Ingka Group owns approximately 613,000 acres of forest land in Europe and the U.S. states of Georgia, South Carolina, Alabama, Texas, and Oklahoma.
The recent purchase is also in favor of Ikea’s goal to become carbon neutral by 2030. The marquee has stated to have used fewer fossil fuels than ever before in the year 2020. It also sourced 98 percent of wood for its products from responsibly managed forests in the same year and has pledged to make $730 million in sustainability-related investments by September 2021.
Way to go, Ikea!