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Fortune
Fortune
John Kell

Companies are walking uncertain terrain when it comes to climate

People queuing up outside the new Ikea store on Oxford Street (Credit: Mike Kemp—In Pictures/Getty Images)

Jesper Brodin, president and CEO of Ingka Group, which franchises Ikea stores, says a vast majority of the home goods and furnishing retailer’s customers take action in their daily lives to address climate change. And yet only 6% of them can afford to pay more for sustainable goods. 

“It’s not in their economy or in their wallet to be paying for this,” says Brodin, speaking during a virtual conversation about navigating climate change in a complex geopolitical environment with CEOs and other C-suite leaders, hosted by Fortune with global consulting firm BCG.

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