• Operational climate footprint reduced by 89% since FY16, alongside 68% revenue growth.
• Achieved 100% renewable electricity usage in retail operations.
• Invested $125 million in price reductions amid cost-of-living pressures.

IKEA Australia’s latest FY24 sustainability report confirms significant climate action achievements, demonstrating profitability aligned with environmental stewardship.

“We have reduced our operational climate footprint by 89% since FY16, while growing revenue by 68%,” the report highlights.

Globally, IKEA targets a 50% emissions reduction by 2030 from a FY16 baseline. The group has already achieved a 30% cut, increasing revenue by 20% concurrently.

Renea Robson, Sustainability Manager, IKEA Australia, said, “We are proud of what we have achieved this year as a company and we will continue to innovate, lead by example and collaborate on our journey, working to overcome the complexities and challenges on our sustainability agenda to reach our ambitious goals.”

Social Responsibility & Community Impact

IKEA reinvested 85% of net income into operations, directing 15% to Stichting INGKA Foundation, funding charitable initiatives through the IKEA Foundation.

Addressing the affordability crisis, IKEA committed $125 million to price reductions, impacting over 3,000 products, aiming for pre-pandemic price levels.

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Inclusive Workplace & Diversity

IKEA Australia met its 50/50 gender balance goal for management roles and reduced its gender pay gap to 3.5%.

“Inclusive hiring workshops and unconscious bias training…are an important part of our work to increase the number of women in leadership positions,” IKEA states.

The company offers up to 26 weeks of paid parental leave and provides superannuation on both paid and unpaid leave.

Advocating for Vulnerable Communities

Through its Refugee Workforce Inclusion program, IKEA hired 35 permanent employees in FY24, engaging 220 participants since 2020.

“Refugee integration is good for business and society. Yet misconceptions and negative stereotypes mean the social and economic benefits refugees bring to their new countries often go unrealised,” IKEA explains.

Partnering with Save the Children Australia, IKEA supported 647 women and children affected by domestic violence, transforming emergency refuges through design expertise and furnishings.

Sustainability & Waste Reduction Initiatives

IKEA’s partnership with Good 360 diverted $138,000 in excess products from landfill, benefiting over 1,300 Australians.

Operational waste recycling reached 74.3%, aiming for 100% by 2030. The Food Waster Watcher initiative cut food waste by 37% since March 2021.

Renewable Energy & Zero Emission Deliveries

IKEA achieved complete renewable electricity use and improved building energy efficiency by 16% from FY16 levels.

Zero-emission vehicle deliveries accounted for 45% of all customer orders, peaking at 65% in January 2025. IKEA invested $4.5 million in EV charging infrastructure, targeting 100% zero-emission metropolitan deliveries by 2025.

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