Ikea invests 1 billion euro for a better climate

Ikea invests 1 billion euro for a better climate

Together with the IKEA Foundation, Ikea Group will invest 1 billion euro into projects that will help to create a better climate. The Swedish furniture manufacturer aims to become energy-neutral by 2020.

"Positive contribution to the climate"

600 million out of that 1 billion euro will be invested into ways to generate sustainable energy, like installing solar panels on the roof of Ikea stores.  Starting in 2009, the chain has already invested 1.5 billion euro in solar and wind energy and it currently owns 313 wind mills and 700,000 solar panels. Within the next 5 years, the company aims to become a completely energy-neutral company.

 

"Climate change is a worldwide issue which screams for decisive measures. We want to prepare our organization for the future and to make a positive contribution to the climate. That is why we will fully go for sustainable energy through investments in solar and wind energy. We also want to help people by offering them an increasing product range with items that will help to create a better and more sustainable lifestyle at home. One of those measures is to only sell LED lights", Ikea Group's CEO, Peter Agnefjäll, said.

 

The remaining 400 million euro will be donated to the Ikea Foundation, which will use the money to invest in development aid - particularly in those areas affected by climate change. Since 2009, Ikea Foundation has helped 178 million children.

Questions or comments? Please feel free to contact the editors


èggo seeks international expansion to celebrate tenth anniversary

11/10/2017

Belgian kitchen manufacturer èggo celebrates its tenth anniversary this year, and the party mood causes the company to look forward to the next few years: it will launch a new store formula and continue its international expansion.

4 % growth for Ikea, which seeks more online sales

10/10/2017

Swedish furniture chain Ikea saw its turnover grow 3.8 % to 34.1 billion euro in its past fiscal year. The Swedes' ambition doesn't end there: a new digital platform and an urban store concept should further raise sales figures. 

Design label Serax has new majority shareholder

07/09/2017

Investment firm Buysse & Partners acquired design platform Serax, known for selling designs by  Belgians like Pascale Naessens and Sergio Herman. Its new owner wants to expand the product range and is also targeting foreign markets.

Higher turnover and lower profit for Beter Bed

30/08/2017

Despite the fact that Dutch Beter Bed Holding saw its turnover grow 6.7 % in the first half of 2017, its net turnover dropped more than 11 % to 7.5 million euro.

Two possible locations left for Ikea in West Flanders

25/07/2017

Swedish furniture chain Ikea has identified two possible locations for a new store in West Flanders: the Ring Shopping Kortrijk Noord and Ter Biest in Wevelgem.

Another turnover growth for Beter Bed

14/07/2017

Beter Bed Holding’s second quarter turnover grew to 94.6 million euro, up 5.3 % compared to last year. Even if the Sängjätten acquisition is excluded, the company still posted nice growth numbers.

Back to top