Sweden: IKEA stores owner Ingka plans 600 million euros in sustainability investment

Ingka Group, the owner of most IKEA stores, plans 600 million euros (US$712 million) in sustainability-related investments over the next 12 months as the world’s biggest furniture brand aims to be climate positive throughout its value chain by 2030.

The plan is to spend a third on renewable energy, a third on stakes in innovative start-ups, and a third on making its stores and warehouses more sustainable, CFO Juvencio Maeztu told Reuters.

IKEA is made up of several companies. Ingka Group, a franchisee to Inter IKEA, besides its retail operations also invests in start-ups, renewable energy, forests, and real estate.

The original article can be found at channelnewsasia.com

(Photo: Getty Images)

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