IKEA pledges 1 billion euros to help slow climate change


sustainability.thomsonreuters.com | Published 04 June 2015

By Alister Doyle

IKEA, the world’s biggest furniture retailer, plans to spend 1 billion euros ($1.13 billion) 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.

He said the plan was motivated by a desire to tackle climate change, rather than to court favourable publicity. “Getting that message out to the customers is secondary,” he said… read more>


Upcoming Events & Seminars

More Events »

Whipp Tips & News

Alberta's Oil Workers Are Shifting To Renewable Energy Jobs

But many workers can expect to take a pay cut.

Details »

London Solar Auctions Aim to Make City Greenest on Earth

The reverse auctions would be similar to the Solarize NYC model already used in New York

Details »

Could ethical investing help ease Vancouver's affordability crisis?

UBC report suggests foreign investors could play a role in creating more affordable rentals

Details »

More News »


:www.leedejonesgable.com

The information in this website was obtained from sources believed to be reliable, however, we cannot guarantee that the information is accurate or complete. The information provided is a general source of information and should not be considered personal investment advice or solicitation to buy or sell securities.

Leede Jones Gable Inc. is a
Member of IIROC and the Canadian Investor Protection Fund
Stephen Whipp is a member of the Responsible Investment Association