By: Nadeemy Haded
IKEA, one of the world's largest furniture companies, has announced it will spend about 100 million euros ($ 110 million) to help its direct suppliers adopt renewable energy.
Inter IKEA, the brand owner and supplier, said it also plans to invest around 100 million euros in projects to absorb carbon from the atmosphere through reforestation and forest protection.
The new investments are part of its efforts to transform IKEA into a climate-positive institution, which means that greenhouse gas emissions will be reduced by more than those caused by IKEA's activities by 2030.
The target includes the company's suppliers, which number about a thousand.
More than 400 companies, including IKEA, H&M, Coca-Cola and Sony, have committed to a UN-backed initiative to help reduce global warming to less than 2 degrees Celsius.
Source Sky News