One of the most inspiring examples of circularity in action comes from IKEA. Through their Buy-Back Program, customers can return gently used furniture in exchange for store credit. Instead of discarding these items, IKEA refurbishes and resells them, giving the products a second life while significantly reducing waste. Why This Matters: 1. Reducing Environmental Impact: By prioritizing reuse and refurbishment, IKEA minimizes the need for new raw materials, lowering its carbon footprint and conserving valuable resources. 2. Consumer Engagement: Offering store credit incentivizes customers to participate, building loyalty while reinforcing IKEA’s commitment to sustainability. 3. Leading by Example: As a global brand, IKEA’s initiative demonstrates how large-scale businesses can integrate circular economy principles into their operations, inspiring others to follow suit. What Can We Learn? The circular economy isn’t just a trend; it’s a business imperative. By designing products for longevity, encouraging repair and reuse, and minimizing waste, companies can create value while aligning with consumer demand for sustainable practices. Key Takeaways for Businesses: 1. Embrace Circular Design: Start with products that are durable, repairable, and recyclable. 2. Engage Customers: Build programs that reward sustainable behaviours, like trade-ins or recycling incentives. 3. Think Beyond Compliance: Circularity goes beyond meeting regulations—it’s about staying competitive in a rapidly evolving market. IKEA’s buy-back program is a glimpse into the future of sustainable business models. It’s proof that circularity, in addition to its benefits to the planet, also drives innovation and customer loyalty. What’s your take on circularity? Are you seeing similar initiatives in your industry? Let’s hear your ideas in the comments below! #CircularEconomy #SustainableBusiness #GreenInnovation #Reuse #WasteReduction
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🎄 Day 13 of our Advent Calendar: Embracing End-of-Use Services! 🎄 Today’s focus is on an innovative approach to sustainability: End-of-Use Services. 🌱 When products reach the end of their lifecycle, they often end up in landfills. But what if we could design systems to reclaim, recycle, or repurpose them instead? That’s the promise of end-of-use services: creating a circular loop where nothing is wasted. ✨ What Are End-of-Use Services? End-of-use services help customers responsibly manage products they no longer need by: 1️⃣ Facilitating Returns: Companies take back old items for reuse or recycling. 2️⃣ Promoting Refurbishment: Products are repaired or upgraded to extend their lifecycle. 3️⃣ Supporting Recycling: Materials are separated and repurposed for new uses. 🛠️ Example: IKEA’s Buy Back & Resell Program IKEA has embraced this model with its Buy Back & Resell Program: - Customers can return gently used furniture they no longer need. - IKEA refurbishes these items and sells them in their second-hand sections, giving products a new life. - Unsalvageable items are responsibly recycled, reducing waste. 🌱 The Sustainability Impact: - Less Waste: Items are reused rather than discarded. - Resource Efficiency: Recycling old products reduces the need for raw materials. - Customer Engagement: Consumers are empowered to make sustainable choices. 🎁 End-of-use services show us that the lifecycle of a product doesn’t have to end with disposal. Together, businesses and consumers can work toward a circular economy where every product finds a new purpose. 👉 Question for today: What product or brand do you wish had an end-of-use service? Let’s discuss in the comments! #AdventCalendar #Sustainability #EndOfUse #CircularEconomy #Innovation #IKEA #GreenLiving
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♻️ 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
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In an article published today, Forbes looks at 🇸🇪 IKEA's efforts to redefine #sustainability in the furniture industry through a circular economy approach. Mardi Ditze, Country Sustainability Manager for IKEA U.S., explains how IKEA aims to minimize waste by designing products that can be reused, refurbished, or recycled. The company focuses on creating a sustainable lifecycle for its products, from sourcing materials to end-of-life disposal. IKEA's initiatives include offering repair services, reselling used furniture, and using renewable and recycled materials in their products. Read the full article 👉 https://lnkd.in/dpvRfmPk #PioneerthePossible #IKEA #recycle #renewable Simon Paulin/imagebank.sweden.se
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🌍 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
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Incorporating #sustainability into a company’s business model is a proven strategy for gaining a competitive edge, as this MIT Sloan School of Management article on IKEA makes clear. Although IKEA and AT&T operate in vastly different sectors, we’ve seen the business benefits of sustainability in our company & industry, too. From reducing costs to unlocking new revenue streams, this case underscores the power & importance of corporate sustainability—not only as a means to address climate change but also as a way to enhance business competitiveness. #SustainableBusiness #CorporateResponsibility #ClimateAction
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Small changes, big impact! 🌿 Retail is evolving, and sustainability is no longer optional—it's essential. Discover 6 eco-friendly strategies that are transforming traditional stores into sustainability leaders. It's time to align business success with a greener future. 🌍 #greenretail #sustainability #retail #store #greenstore #recycle #reuse #shelflabel
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📣 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
[NEW OPPORTUNITY] Did you know that IKEA is committed to move towards the use of only renewable or recycled materials by 2030? By switching to renewable and recycled materials, IKEA aims to minimise its environmental carbon footprint! We are once again teaming up with IKEA. This time to find alternatives that can replace fossil polyurethane (PU) foam in mattresses, sofa cushions, and more. If you are an innovator exploring sustainable foam substitutes, this is YOUR chance to be part of the solution! Join us in realising this goal together! Apply for the IKEA Foam Collaboration by 29 July. 🔗 https://lnkd.in/eGNUYRMp #ImpactHubNetwork #IKEAFoamCollaboration #IKEA #SustainableFoam #ImpactEntrepreneurship #SustainableSolutions
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Repurposing in Action📦🛏️ Today, we’re back to continue our series on the Circular Economy, bringing you daily inspiration to keep you motivated on your own sustainability journey. Today’s feature: IKEA's strategy to become circular by 2030. IKEA is working towards becoming a fully circular and climate-positive business by 2030, focusing on designing products for reuse, refurbishment, and recycling to extend lifecycles and reduce waste. The strategy: 💡 Product Design: Redesigned for easy disassembly, making recycling and repairs simpler. 💡 Material Sourcing: Committed to using 100% renewable and recycled materials by 2030. 💡 Circular Services: Offering spare parts and repair services to extend product life. 💡 Buy-Back Programs: Launching initiatives like "IKEA Preowned" to resell secondhand furniture. Want to learn how you can be a part of the Circular Economy? Our Circular Economy in Business course teaches you to redefine waste, apply the Waste Management Hierarchy, and explore circular strategies like reuse and recycling. To get your free trial sign up link, simply book in a chat with our team at a time that suits you here: https://lnkd.in/edXYxcBk
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IKEA's CEO, Jesper Brodin, believes that sustainability is not only beneficial for the environment but also a savvy business strategy. One of the biggest challenges IKEA faces in its sustainable journey is changing consumer perception, as many see the company as a source of disposable goods. Nevertheless, IKEA is steadfast in its eco-friendly efforts. By 2030, it aims to be a circular business, using only recycled or renewable materials and eliminating plastic packaging by 2028. This strategy benefits the planet and attracts eco-conscious customers and suppliers. Here are three key elements of IKEA's sustainability strategy, offering valuable insights for other retailers: 1. Make it easy for consumers to buy sustainable products: IKEA’s sustainable living shop, its fastest-growing business, offers products like blackout curtains and glass to-go containers, helping consumers easily incorporate sustainability into their lives. 2. Tackle difficult recycling challenges: IKEA designs products for reuse, refurbishment, or recycling, like new tableware from ceramic waste and fiberboard from recycled wood. They're also revolutionizing mattress recycling, a notoriously difficult task, aiming for 20% recycled content in foam production by 2025. 3. Create and participate in second-hand markets: IKEA’s Buy Back & Resell program had 212,000 customers in fiscal 2023. They’re also testing IKEA Preowned, a peer-to-peer marketplace for used IKEA furniture in Madrid and Oslo for buying and selling used IKEA furniture directly. By adopting sustainable practices, retailers can contribute to a healthier planet and appeal to eco-conscious consumers. Learn more at https://lnkd.in/dZkqENpP. #ikeafurniture #sustainablebusiness #sustainablebusinesspractices #ecofriendlybusiness #ecofriendlyproducts #sustainableretail
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