Ingka Group's €1 Billion Push Towards a Circular Economy

Ingka Group's €1 Billion Push Towards a Circular Economy

Ingka Group's €1 Billion Push Towards a Circular Economy Ingka Group, which operates a majority of IKEA stores worldwide, is set to make a substantial investment of €1 billion into recycling companies. This strategic financial move aims to address waste management issues associated with discarded IKEA furniture, bedding, and mattresses, which often end up in landfills or are incinerated.This investment strategy comes in anticipation of European …

Ingka Investments Commits €1 Billion to Revolutionize Recycling Infrastructure

Ingka Investments is making headlines with its ambitious €1 billion pledge aimed at bolstering recycling infrastructure. As the investment arm of Ingka Group, which accounts for a staggering 90% of IKEA’s sales, this initiative signals a significant shift toward supporting a circular economy. The rationale behind this investment is stark: the global economy is consuming 75% Source

Ingka Group to invest €1 billion in recycling infrastructure

Ingka Group, the largest IKEA retailer, has announced its aim to invest €1 billion in increasing recycling infrastructure. Ingka Group operates 574 IKEA stores, shops, and planning studios in 31 countries and generates 89% of all IKEA sales worldwide. The investment arm of Ingka Group, Ingka Investments, is managing the aim to invest €1 billion in companies that are increasing recycling infrastructure. In 2017, Ingka Group established Circular I…