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June 13, 2015

IKEA to invest € 1 billion in renewable energy

In an interview for Reuters, IKEA's CEO Peter Agnefjall said the the company will spend 1 billion euros on renewable energy and ways to help poor nations cope with climate change.  The investments will be "win, win, win. It's good for customers, good for the climate and good for IKEA too", said Chief Executive Peter Agnefjall, quoted by Reuters.  Of the total, the Swedish company will invest 600 million euros in wind and solar power, adding to 1.5 billion invested since 2009 as a target to making it energy independent.  The ...

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