Ikea’s parent company is aiming to invest about €1 billion in companies that will contribute to recycling infrastructure in a bid to recycle more end-of-life products into secondary raw materials.
IKEA’s parent company, the Ingka Group has announced plans to invest €1 billion into a series of recycling infrastructure projects that will include schemes for the clothing and home textiles sectors.
According to the Ingka Group, the global economy consumes 75% more natural resources than the Earth can regenerate each year. Although this generates a huge amount of waste, less than 20% of is recycled, the company says.
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