IKEA Pledges More than $1 Billion to Fight Climate Change, Promote Renewable Energy

IKEA is the world’s biggest furniture retailer and across the globe, millions of loyal customers flock to the trademark blue-and-yellow superstores for IKEA’s stylish but practical products.

But the Swedish giant also is committed to building a better planet. Today, IKEA pledged $1.13 billion ($1 billion euros) on renewable energy and investments to help developing nations deal with climate change.

This investment is in addition to the more than $1 billion IKEA has invested in wind and solar power since 2009.

Chief Executive Peter Agnefjall told Reuters that IKEA’s goal is to have a “positive impact on people and the planet.”