IKEA Vows to Slow Climate Change

In a Reuters interview, IKEA’s Chief Executive Peter Agnefjall, outlined a plan that fits with IKEA’s commitments. Without putting the cost burden on its customers, IKEA is pledging to invest 600 million euros in wind and solar power, adding to 1.5 billion invested since 2009 as part of a goal of making it energy independent.

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The charitable arm of the family-owned store, The IKEA Foundation, would invest 400 million euros in supporting families and communities in nations vulnerable to impacts such as floods, droughts and desertification.

According to IKEA, the company already has over 300 wind turbines and about 700,000 solar panels at various stores worldwide.

Source: Huffington Post

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