In its latest commitment to the environment, furniture retailer IKEA has planned to use only renewable and recycled materials in its products by 2030.
Known for its low-cost flat-pack furniture, Inter IKEA said that it aimed to reduce the climate impact of each of its products by more than two thirds by the end of next decade.
An Inter IKEA spokeswoman said, “Currently, 60 per cent of the IKEA range is based on renewable materials, while nearly 10 per cent contain recycled materials.”
In a statement issued along with the group’s 2030 sustainability strategy document, Torbjorn Loof, Inter IKEA CEO, said, “Through our size and reach we have the opportunity to inspire and enable more than one billion people to live better lives, within the limits of the planet.”
“We are committed to taking the lead, working together with everyone – from raw material suppliers all the way to our customers and partners,” she added.
Inter IKEA has joined growing list of global companies which are taking steps to make their operations more environmentally friendly.
In total, there are 418 IKEA stores across 49 markets. Retail sales in the year through August 2017 were a combined USD45.3 billion.