Ikea ponders solar park in Portugal

The Swedish group Ikea is pondering over investing in a solar park in Portugal as part of its sustainability drive and to meet ESG (Environmental, Social and Governance) criteria.

This is according to the newS source Jornal Económico who interviewed its CFO in Portugal, Ricardo Pereira.
“We have been evaluating the possibilities of expanding our wind farms or expanding solar parks and we are very interested. We know that Portugal is among the countries in Europe with most sun and it has a long coastline. We have been studying solar parques within the group and would really like to invest”, he said.
The CFO said although that: “Nothing has been firmed up”, however the possible project is part of the group’s medium term investment strategy.
“Sustainability conveys the confidence that we are a company that is responsible and serious about sustainability, and that we are also concerned with one of the world’s greatest concerns, apart from the war in Ukraine.”
“In the long term, the big concerns are always sustainability and climate change. We believe this will give confidence to consumers, to the younger generations, that this is a company that worries about sustainability and about the future of the planet”.
Ikea employs 2,800 staff in Portugal and expects to continue regular recruitment, particularly for warehouse logistics and the new warehouse it is building in Loures which will shorten the distribution chain making the company no longer dependent on other warehouses, which in turn will contribute to a more sustainable operation.