IKEA wins circular economy award at World Economic Forum
New Delhi, January 24, 2018:
IKEA has been selected as winner in The Accenture Strategy Award for
Circular Economy Multinational at the world Economic Forum in Davos.
IKEA has won this award in recognition of its work leading to
sustainable transformation of the IKEA business in all aspects:
from product development, material sourcing, supply chain development,
logistics set up, to development of the meeting with customers. This
comprehensive agenda paves the way for the use of more renewable and
recycled materials, enabling materials and products
to last longer while staying within the limits of our planet.
Patrik Antoni, Deputy Country Manager and Sustainability head, IKEA India
said, "We are very proud of this achievement and reinforces our vision
of creating a better everyday life for the many people. Sustainability
needs to be integrated into businesses at all levels. In India, IKEA
will take full responsibility at all levels to
leave a positive footprint in everything we do, be it with supply
chain, retail operations or in our product offer to create a more
sustainable life at home. We have started many initiatives towards
energy efficiency, waste management, recycling and community
participation for a more sustainable India.”
About IKEA:
IKEA
offers well-designed, functional and affordable, high-quality home
furnishing, produced with care for people and the environment.
There are several companies with different owners, working under the
IKEA Brand, all sharing the same vision: to create a better everyday
life for the many people. IKEA was founded in Sweden in 1943.
About IKEA India:
The
IKEA vision is to create a better everyday life for the many people and
we offer well-designed, functional and affordable, high
quality home furnishing, produced with care for people and the
environment. There are currently 403 IKEA stores in 49 countries with a
sales volume of 38.3 billion euros. 936 million customers visited IKEA
stores in FY17 and more than 2.3 billion people visited
IKEA online. Our 194,000 co-workers from all over the world are the
inner strength of IKEA, sharing fundamental humanistic values of
togetherness, humbleness, simplicity, cost-consciousness and common
sense.
IKEA
has been sourcing from India for over 30 years for its global stores.
In India, it currently has 50 suppliers
with 45,000 direct employees and 400,000 people in the extended supply
chain. The IKEA Group is the first major single brand retailer to get
FDI approval and plans to open several stores across the main metro
cities in India.
In
India, when it comes to sourcing, one of IKEA’s biggest priorities is
to source locally available sustainable raw materials such
as bamboo, jute, banana fibres, sugarcane, coconut, water hyacinth etc.
that will make the IKEA range more sustainable and unique. And this is
co-created with suppliers who share the same vision. IKEA has
collaborated with Industree Producers in Karnataka
to make special edition products from banana fibre that are sold in its
stores worldwide. Around 800 women artisans are engaged in this
initiative. IKEA has also partnered with a supplier in western India to
manufacture products from 100% recycled plastic.
IKEA is also talking to many state governments to set up bamboo
sourcing facilities.
“Transforming
IKEA into a “circular” business is one of our biggest ambitions and
challenges for the future. It’s about smarter use of resources and
from the very beginning designing products so they can be repurposed,
repaired, reused, resold or recycled in any other way. It requires an
innovative mind-set, working together with many stakeholders”, says
Peter van der Poel, Managing Director, Range & Supply, Inter IKEA Group. “We are only in the beginning. This prize is inspiring and indicates that we are on the right track.”
The
award ceremony took place on Monday, January 22nd of 2018 in Davos,
Switzerland. The prize was accepted on behalf of IKEA by Peter van der
Poel,
Managing Director, Range & Supply, Inter IKEA Group.
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