Despite being one of the world’s leading home furniture retailers, IKEA is not an environmentally friendly company. However, the Swedish brand has taken steps to make its business more sustainable. It has invested in renewable energy, repurposed materials and has plans to become a circular business by the end of the decade.
Besides being the world’s largest home furniture retailer, IKEA is a big player in the e-commerce market. Last year, IKEA’s e-commerce business grew 32 percent. It also installed hundreds of thousands of solar panels on the roofs of its showrooms.
IKEA is known for making furniture that is easy to assemble and disassemble. Its products are designed so that they can be easily recycled or reused. In fact, about 60 percent of the items in the IKEA range are made from renewable materials.
IKEA has also partnered with the Ellen MacArthur Foundation to create a more sustainable future for the planet. It is aiming to reduce its climate impact by two-thirds by the end of the next decade.
IKEA is currently focusing on reducing its use of plastic, while also looking into ways to extend the lifespan of its products. The company is planning to eliminate single-use plastics by 2020, and replace plastic with paper straws and wooden cutlery.
IKEA’s goal is to become a carbon neutral business by 2030. It hopes to have all of its raw materials sourced from renewable sources by then. It has recently launched a sustainable product line that uses repurposed materials. It is also working to improve its cotton sourcing. It signed the Uzbek Cotton Pledge, which prohibits forced labour in Uzbekistan.