IKEA’s climate chief has said the company will not turn to offsets to meet its target of bringing its fuels to net-zero carbon emissions by 2040.

The comments by Andreas Rangel Ahrens, head of climate for the Inter IKEA Group that links the furniture retailer with franchisers and suppliers, told the Global Maritime Forum’s annual summit that the goal is “drastic emissions reductions”.

“We will use no offsets,” he said, asked by moderator Nicholas Davies about IKEA’s reasons for its zero-carbon target.