Overall Net-Zero Target: IKEA (Inter IKEA Holding B.V. and its controlled entities) commits to reach net-zero greenhouse gas emissions across the value chain by FY2050. Near-Term Targets: IKEA (Inter IKEA Holding B.V. and its controlled entities) commits to reduce absolute scope 1,2 and 3 GHG emissions by 50% by FY2030, from a FY2016 base year. Within this target, IKEA (Inter IKEA Holding B.V. and its controlled entities) commits to reduce scope 1 and 2 GHG emissions by 82.1% within the same timeframe.* IKEA (Inter IKEA Holding B.V. and its controlled entities) also commits to reduce scope 3 GHG emissions from franchisees by 80% within the same timeframe. IKEA (Inter IKEA Holding B.V. and its controlled entities) finally commits to reduce remaining absolute scope 3 GHG emissions by 50% within the same timeframe. IKEA (Inter IKEA Holding B.V. and its controlled entities) commits to increase annual sourcing of renewable electricity from 53% in FY2016 to 100% by FY2025 and commits to continue active annual sourcing of 100% renewable electricity through 2030. IKEA (Inter IKEA Holding B.V. and its controlled entities) commits to reduce absolute scope 3 GHG emissions beyond the minimum boundary from downstream transportation and distribution 30% by FY2030 from a FY2016 base year *The target boundary includes land-related emissions and removals from bioenergy feedstocks Long-Term Targets: IKEA (Inter IKEA Holding B.V. and its controlled entities) commits to reduce absolute scope 1, 2 and 3 GHG emissions 90% by FY2050, from a FY2016 base year.* *The target boundary includes land-related emissions and removals from bioenergy feedstocks.