IKEA owner to invest €1b in recycling projects

Share
Share

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.

Newsletter

Read our top news stories delivered straight to your inbox.

Share

Recommended

This Month's Magazine

Opinion
How the emerging technology of agrivoltaics can help cotton growers to lower climate impacts
Why the widespread use of hazardous chemicals poses a substantial risk to investors
Supply chain data: using the worst case scenarios is much better than using average data
Features
The EU fashion sector is in danger of reaching its climate goals eight years too late
Growing waste means the textile recycling sector faces collapse
Supply chain data: Why using the worst is better than using the average
News
Treading lightly – the material footprint of EU clothing and footwear is just 1% of the overall total

Other publications from MCL News & Media

Scroll to Top
Generic filters
Exact matches only
Search in title
Search in content
Search in excerpt
Filter by Categories
Back Issues
Uncategorized
Our free newsletter showcases the very best of our journalism, delivered to you twice a week
I agree with the Terms and conditions and the Privacy policy

Advertising
With Us

Help to support the purpose-led work of our team of journalists, international correspondents, and partners – and expose your product or service to our global readership.

Subscribe to our magazine today and receive exclusive online content

Subscribe