IKEA to invest $220 million into becoming 'climate positive'

Retail giant IKEA announced last week a major cash injection into its “climate positive” sustainability strategy, promising to spend a further $220 million on green energy, reforestation and forest protection projects in order to curb the impact of its flatpack furniture business.

By 2030 IKEA wants to remove more greenhouse gases from the atmosphere than it produces through the production and use of its goods — something it describes as a “climate positive” goal.

The investment announced therefore will be focused on two areas — green energy and reforestation.

IKEA said

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