IKEA is a Swedish-origin Dutch-headquartered multinational group that designs and sells ready-to-assemble furniture, kitchen appliances and home accessories, among other useful goods and occasionally home services.
IKEA’s greenhouse gas emissions are mainly derived from raw materials. A spokesperson revealed that 60% of IKEA’s products are currently based on renewable materials, and 10% of products contain recycled materials.
Currently, IKEA has a total of 418 stores in 49 markets around the world, most of which are owned by the IKEA Group, a small part of which is operated by other franchisees and supply chain partners.
The IKEA Group is owned by a foundation based in the Netherlands, while Inter IKEA is owned by a foundation based in Liechtenstein.
The IKEA Group announced in 2016 the sale of its main subsidiary to Inter IKEA for 5.2 billion as part of a major change within IKEA. Inter IKEA also set a scientific goal for the IKEA Group- Compared with 2016, the impact of stores and other businesses on the climate will be reduced by 80% in absolute terms by 2030.
At the annual Democratic Design Day event on June 7, IKEA also showcased a series of new solutions to help people save water and clean air, as well as innovative products made from recycled materials.
IKEA enters sustainable urban planning to start selling solar panels in the UKAs a giant in furniture flat packaging, IKEA is well known for its cheap prices.