Swedish furniture retailer IKEA recycled 77% of its waste in the financial year 2014, according to it’s 2014 sustainability report, which showed the company generated 477,714 tonnes of waste worldwide, 13% more than that in 2013.
Despite the rise in waste the company produced, during the same year it recycled or incinerated for energy recovery a total of 89.3%, which was higher than 2013’s 88.1%.
The company set itself a target of recycling or incinerating for energy recovery 90% of its waste produced by 2020. The original deadline for the figure was 2015, but because of “lack of infrastructure” in some countries, it was pushed back.
The retailer also set the target to ensure all of its products are renewable, recycled or recyclable by August 2015. It has currently reached 98%. It has said, however, that it’s making progress on key materials, such as polyurethane foam, melamine and silicone, which are not renewable or widely recycled.
IKEA – “With billions more people joining the consumer society, moving to a circular economy is critical to ensure their hopes and dreams can be met while staying within the limits of our planet”
IKEA has also set a new target of reducing waste from its store operations by 10% compared with financial year 2013.
IKEA said in its report: “With billions more people joining the consumer society, moving to a circular economy is critical to ensure their hopes and dreams can be met while staying within the limits of our planet.
“We are contributing to this shift by avoiding reliance on finite materials, with an aim to use only renewable, recyclable and recycled materials.
“But even with these materials, we can further reduce our impacts and better meet customer demands in the long term by finding ways to make more from less, and minimising waste.”
“We want to have a positive impact on people and the planet,” the company says. “For many years we’ve focused on economising with resources and helping to create a better everyday life for people One year on from the launch of our sustainability strategy, People & Planet Positive, we’ve made good progress.
“Today, more than 2/3 of our cotton came from more sustainable sources. Over 550,000 solar panels are now installed on IKEA buildings worldwide. That’s enough to cover about 130 football pitches and provide annual electricity needs of 20,300 homes. The 12 million LED bulbs we sold last year helped our customers save a total of €86 million off their yearly energy bill, compared to incandescent bulbs.”