Ingka Group to invest €600m more for net-zero

Ingka Group, the owners of IKEA, will accelerate its investments to reach the IKEA goal of being climate positive by 2030, committing €600m more into companies, solutions and its own operations to enable the transition to a net-zero carbon economy. This increases its overall investments into sustainability to €3.8bn.

The company is implementing a zero-fossil fuel approach to align with new ESG standards and reviewing global and local pension funds across 31 countries, to ensure they align with ESG standards.

“We believe it’s good business to be a good business. Despite the significant challenges we’re facing in the world, we still have it in our own hands to change the direction of the climate crisis. We want to be part of the solution, which is why we will continue to focus our future investments to ensure a cleaner, greener and more inclusive recovery,” says Juvencio Maeztu, deputy CEO and CFO Ingka Group.

The announcement was made at a Ingka Group virtual sustainability event, called ONE HOME, ONE PLANET, a two day co-creation event, with over 300 sustainable leaders, NGOs and business partners from many different parts of society working together to help develop, shape and find solutions to help to make a positive impact for customers, communities, co-workers and the planet.

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