People & Profit

Consumers won't have to pay for IKEA's green transformation, finance chief says

Juvencio Maeztu
Juvencio Maeztu FRANCE 24

The world's biggest furniture retailer IKEA has set an ambitious goal of becoming "climate positive" by 2030. The group's deputy CEO and chief financial officer tells FRANCE 24 that the cost of this transformation will not be passed on to consumers, and that the company has already met a target to produce 100 percent of its energy needs from renewable sources. Juvencio Maeztu also discusses IKEA's expansion into services, how its new city centre stores are performing, and the impact of the US-China trade war.