Investment will be ‘good for customers, good for the climate and good for Ikea too’ says chief executive, promising measures will not push up prices
Ikea, the world’s biggest furniture retailer, plans to spend €1bn ($1.13bn) on renewable energy and steps to help poor nations cope with climate change, the latest example of firms upstaging governments in efforts to slow warming.
Chief Executive Peter Agnefjall said the measures would “absolutely not” push up prices at the Swedish group’s stores. The investments will be “good for customers, good for the climate and good for Ikea too,” he told Reuters.
Related: Ikea unveils plans to use 100% clean energy by 2020
Related: Everything you need to know about the Paris climate summit and UN talks