Almhult — Ikea, the world’s biggest furniture retailer, plans to use only renewable and recycled materials in its products by 2030, in the latest commitment by a global store group to reducing its impact on the environment. Inter Ikea, the owner of the brand best known for its low-cost flat-pack furniture, said on Thursday it aimed to reduce the climate impact of each of its products by more than two-thirds by the end of the next decade. Currently, 60% of the Ikea range is based on renewable materials, while nearly 10% contain recycled materials, an Inter Ikea spokeswoman said. "Through our size and reach we have the opportunity to inspire and enable more than one billion people to live better lives, within the limits of the planet," Inter Ikea CEO Torbjorn Loof said in a statement to accompany the 2030 sustainability strategy document. "We are committed to taking the lead, working together with everyone, from raw material suppliers all the way to our customers and partners." Inter ...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00.