Thursday, June 4, 2015, 12:01 PM

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

Posted by: Bruce Buchanan

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.”

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