IKEA announces plans to invest over $1.5 billion to eliminate costly process at its stores: 'We know it will pay off in the long term'

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IKEA announces plans to invest over $1.5 billion to eliminate costly process at its stores: 'We know it will pay off in the long term'

IKEA has become the latest company to announce it intends to invest billions to reduce the impact its operations are having on the environment.  According to ESG Today, IKEA's parent Ingka Group intends to set aside €1.5 billion (around $1.54 billion) to improve energy efficiency within its stores and switch to renewable heating and cooling technology.  The Ingka Group has a stated goal of reducing its negative climate impact by 85% by 2030, and…