Swedish furniture retailer IKEA has released its Sustainability Report FY18, which highlights its progress across its value-chain and franchise system.
The report revealed that 60 per cent of the company’s product range is based on renewable materials, while 10 per cent used recycled materials. IKEA aims to use 100 per cent renewable and recycled materials by 2030.
IKEA has also increased its renewable energy projects, having installed 18,240 solar panels on an IKEA industry production unit in Portugal, with the panels providing enough energy to power 2,700 homes.
“We know that sustainable living often is a luxury for the few. We want to use our impact and scale to reach the many people with inspiring and affordable choices within the limits of the planet,” said Lena Pripp-Kovac, head of sustainability at Inter IKEA Group.
“We always think long-term, innovating to ensure that our actions to meet people’s needs today do not compromise the ability of future generations to meet their needs.
“This requires us to rethink and inspire changes in lifestyles and consumption and to transform our way of working – from linear to circular from consuming to regenerating resources.”