IKEA invests €1.5bn to phase out fossil fuels in existing properties
Heating and cooling are currently the largest drivers of emission within Ingka Group’s own operations.
IKEA’s largest retailer Ingka Group has announced a €1.5 billion investment that will be used to retrofit existing facilities with renewable heating and cooling, phasing out its direct use of fossil fuels.
Heating and cooling are currently the largest drivers of emission within Ingka’s own operations, and the investment is meant to help it advance towards its goal of reducing this footprint by 85% by 2030.
