Ikea plans to invest $220 million to make it a ‘climate positive business’

The world’s biggest furniture group, IKEA, said it would spend around $110 million to support direct suppliers as they switch over to renewable energy use. The company also plans to invest another $110 million in projects to remove carbon from the atmosphere through reforestation and forest protection. “Our ambition is to reduce more greenhouse gas emissions in absolute terms by 2030 than the entire Ikea value chain emits while growing the Ikea business,” the Inter Ikea Group’s CEO, Torbjörn Lööf, said in a statement Thursday. Challenges for Ikea include lowering emissions from customers traveling to its stores.

By Editorial Team November 29, 20190

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The world’s biggest furniture group, IKEA, said it would spend around $110 million to support direct suppliers as they switch over to renewable energy use.

The company also plans to invest another $110 million in projects to remove carbon from the atmosphere through reforestation and forest protection.

“Our ambition is to reduce more greenhouse gas emissions in absolute terms by 2030 than the entire Ikea value chain emits while growing the Ikea business,” the Inter Ikea Group’s CEO, Torbjörn Lööf, said in a statement Thursday.

Challenges for Ikea include lowering emissions from customers traveling to its stores.

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