Ivan B. Linde’s Post

This made me think as IKEA's €1 Billion Investment in Recycling. Truly significant efforts but … Aren´t we overlooking something in bigger picture? Ingka Group, the largest IKEA retailer, has announced a €1 billion investment in recycling infrastructure - a commendable move towards sustainability. Made me thinking. Are we focusing enough on the entire product lifecycle, especially in design, and how much is wasted to prevent items from becoming waste in the first place? According to the Circularity Gap Report 2024, the global circularity rate has declined from 9.1% in 2018 to 7.2% in 2023. This indicates that over 92% of materials are not cycled back into the economy. We simply overconsume. Waste. And it is a real challenge to address that. So what is here on table? 👉Product Design for Longevity and Reusability: developing items that are easy to disassemble, repair, or repurpose can significantly reduce waste. 👉Consumer awareness and responsible choice: encouraging mindful consumption and valuing quality over quantity can help mitigate overconsumption. 👉Innovative Business Models: Embracing approaches like product-as-a-service, leasing, or buy-back programs can keep products in use longer. 👉Regulation: yes, no one likes that, actually that delivers results in shorter time than centuries… What do you think? #circulareconomy #esg #waste #recycling Picture via Dreamstime

IKEA's Bold €1 Billion Move Towards Sustainability IKEA's parent company, Ingka Group, is making headlines with its ambitious plan to invest €1 billion into circular economy initiatives. This substantial funding aims to foster innovation in reuse and recycling, reinforcing IKEA's commitment to sustainable development. By supporting firms dedicated to the circular economy, Ingka Group is set to drive significant progress in resource conservation and waste reduction. This investment is not just a financial commitment but a significant step towards embracing environmental responsibility. It seeks to empower businesses to develop systems and products that prioritize sustainability and longevity. Such initiatives are crucial for creating a business landscape where materials are reused and recycled, minimizing ecological impact and promoting a zero-waste future. What's your take on large investments like these shaping the future of sustainability? How can more companies be encouraged to follow IKEA's lead in supporting the circular economy? #CircularEconomy #Sustainability #Innovation #IKEA #Investment #GreenFuture - - - - - - - - - - P.S.: If you enjoyed this post, you might also love our creative coloring books! Find something unique at www.sleepyhippie.com

IKEA's Bold Step Towards a Circular Economy Ingka Investments, the financial arm of the Ingka Group, is making waves with its plan to allocate $1 billion toward enhancing global recycling infrastructure. This investment marks a significant step for IKEA's largest retailer, representing 90% of its sales, as the company leads efforts to transition to a circular economy. By focusing on recycling-focused companies, Ingka is setting the stage for a sustainable business model that not only benefits the environment but also supports innovative growth. This commitment is a testament to Ikea's broader sustainability agenda. By investing in recycling infrastructures, the company is addressing critical environmental challenges and providing a substantial boost towards reducing waste and promoting more sustainable resource management. Ingka's initiative highlights the transformative potential of corporate leadership in fostering an eco-conscious future. How can other corporations emulate IKEA's strategy to incorporate circular economy principles into their business models? Let's discuss! #CircularEconomy #Sustainability #Recycling #Innovation #CorporateLeadership #EcoFriendly

♻️ The Circular Future at IKEA By 2030, IKEA aims to make all their products from renewable or recycled materials. They’re already offering programs where customers can return old furniture for recycling or resale, paving the way for a circular economy. 🌍 It’s all part of their commitment to a zero-waste future. How is your organization adopting circular economy principles? #CircularEconomy #ZeroWaste #SustainableDesign #ESGStrategy #InnovativeBusiness

Ingka Investments, the investments arm of Ingka Group, the largest IKEA retailer representing 90% of IKEA sales, announced plans to invest €1 billion in companies enabling Growth in #Recycling #Infrastructure." https://lnkd.in/gm4cgE_X

IKEA is taking significant steps towards becoming a circular business. They are focusing on designing products for reuse, refurbishment, and recycling, as well as sourcing renewable and recyclable materials. Additionally, they are implementing initiatives like the IKEA Buy Back & Resell service to extend the life of products and reduce waste. By adopting a zero-waste mindset and prioritizing sustainable practices, IKEA is making a positive impact on the environment and inspiring others adopt a similar approach. Learn more about IKEA's efforts here: https://lnkd.in/gmY9FCcc

📣 Attention circular foam developers! IKEA and Impact Hub Network are calling all biobased foam producers and polyurethane recyclers out there, to collaborate and incorporate innovation and sustainability, for IKEA to move towards the use of only renewable or recycled materials by 2030. #acceleratechange #circularrubbereconomy #circulareconomy #rubber #ThePowerOfNetworks

🌍 IKEA’s Circular Future: Giving Furniture a Second Life IKEA is breaking new ground with IKEA Preowned, a peer-to-peer platform for buying and selling secondhand furniture, now being tested in Madrid and Oslo. This initiative is a powerful step toward circularity and reducing waste: 📉 22% reduction in emissions since 2016 – aiming for net-zero by 2050. ♻️ Commitment to renewable & recycled materials in all products. 🔄 Circular services like spare parts & buy-back programs extend product life. 📖 Read the full article here: https://lnkd.in/gwUq8hT7 At Planet Cents, we celebrate impactful initiatives like this. Businesses like IKEA prove innovation and sustainability go hand in hand. 🌐 Learn more about how we’re driving sustainability at www.planetcents.us. 💬 What are your thoughts on circularity and secondhand marketplaces? Share below! #planetcents #planetcentsmovement #underconsumptioncore #overconsumption #Sustainability #CircularEconomy #Innovation #ClimateAction #EcoFriendly #GreenLiving #ClimateSolutions #SustainableBusiness #SecondhandEconomy #NetZero #CircularDesign

Ingka Group, the operator of IKEA stores, is investing €1 billion in recycling to transform global recycling infrastructure. This strategic move can help ensure a steady supply of raw materials while generating economic value. This is a model worth following right here at home. We hope to see similar investments in recycling help to establish America as a leader in this expanding sector and to unlock new economic opportunities. https://bit.ly/3EcPlyX

🌍 Driving Sustainability Forward: IKEA's Bold Commitments and Actions 🌍 In a world increasingly focused on sustainability, IKEA continues to lead with impactful initiatives that are reshaping our relationship with the environment. Here’s how they’re making a difference: ✨ Climate Footprint Reduction: IKEA’s carbon emissions have decreased by 22% since 2016, with recent innovations like bio-based glue in manufacturing and renewable electricity across 408 suppliers globally. Their aim? Net-zero emissions by 2050—without relying on carbon offsets. 🔄 Embracing Circularity: IKEA is testing IKEA Preowned, a peer-to-peer marketplace in Madrid and Oslo, encouraging customers to buy and sell secondhand IKEA products. This initiative, alongside a 47% reduction in plastic packaging, is steering a future where products last longer and resources are conserved. 🌱 Sustainable Materials: With nearly 98% of their wood now certified or recycled, IKEA is committed to making responsible material sourcing the norm. 💡 Leading the Way with Renewable Energy: IKEA achieved 100% renewable electricity in its retail and production units in 25 markets, cutting emissions from product use by 52% since 2016. 📈 These numbers aren’t just statistics; they reflect IKEA's purpose-driven approach. As we look to a greener future, these initiatives remind us of the power in pushing boundaries and innovating for a sustainable tomorrow. Let’s take inspiration and support businesses prioritizing our planet. 🌎 #Sustainability #IKEA #CircularEconomy #NetZero #ClimateAction #RenewableEnergy #LinkedInCommunity