Ikea to invest $220 million to make it a 'climate positive business'

The money will focus on, among other things, using renewable energy in its supply chain.The Inter Ikea Group has said it will invest 200 million euros to accelerate its transition into what it describes as a "climate positive business."

"Our ambition is to reduce more greenhouse gas emissions in absolute terms by 2030 than the entire Ikea value chain emits, while growing the Ikea business," the Inter Ikea Group's CEO, Torbjörn Lööf, said in a statement Thursday. In the report, released in March, Ikea also noted that "decoupling" its growth from greenhouse gas emissions would "take time", adding that it expected emissions to "increase for a few years before decreasing."

LOL

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Argentinian PFM fintech Ualá raises $150 million - Business Insider - Business InsiderArgentinian personal finance management fintech Ualá has raised $150 million led by Tencent and Softbank's Latin America-focused Innovation Fund: A OP
Source: BusinessInsider - 🏆 729. / 51 Read more »

How Food52 grew a food blog to 16 million readers and $100 million - Business InsiderFood52 hit 16 million readers in 10 years. The founders walked us through a $100 million growth strategy that goes way beyond content. (by eustaciahuen)
Source: BusinessInsider - 🏆 729. / 51 Read more »

How This Nonna’s Pasta-Making Tradition Inspired A Booming BusinessMeet Nonna Nerina, who teaches one of Airbnb Experience's most popular classes that draws in crowds.
Source: Refinery29 - 🏆 26. / 68 Read more »

What to buy, stock market investing recommendations for 2020s from UBS - Business InsiderThe world's largest investor for billionaires surveyed 3,400 people and arrived at 3 key themes for the next decade. Here's how you can profit too.
Source: BusinessInsider - 🏆 729. / 51 Read more »