Tag: Ingka Group

Ingka Group makes first circular investment in China with stake in plastic recycler Re-mall

Stuart Mitchell

Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, today announces a growth capital injection in Re-mall (Shanghai Re-mall Environmental Protection New Material Co., Ltd.), the China-based recycler of post-consumer packaging waste, which uses a proprietary technique and process to produce transparent recycled polypropylene (“rPP”) for use in new products. The plastic recycling industry faces numerous challenges, which Re-mall is working to overcome. These include contamination from food residues and labels, quality degradation of the material across recycling cycles, high processing costs, and volatile market demand for…

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Ingka Group aims to invest EUR 1 billion to increase recycling infrastructure

Stuart Mitchell

Ingka Investments, the investments arm of Ingka Group, the largest IKEA retailer, aims to invest about EUR 1 billion in companies that are increasing recycling infrastructure. Every year, the global economy consumes 75% more natural resources than the Earth can regenerate. This generates tremendous amounts of waste, yet less than 20% of waste is recycled. To support the transition towards a circular economy, Ingka is aiming to invest about EUR 1 billion in companies that will contribute to recycling infrastructure. In doing so, we invest to recycle more end-of-life products…

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Ingka Group (IKEA) and H2 Green Steel sign agreement for the supply of Green Steel across its warehouse operations

Stuart Mitchell

Ingka Group, the largest IKEA retailer, announces it has signed an agreement with H2 Green Steel for the delivery of Green Steel, to be used in IKEA warehouse racking. The agreement forms part of Ingka Group’s ongoing action to reduce its climate footprint and will account for 50% of warehouse racking purchased globally. “The innovation of companies like H2 Green Steel holds great potential for a positive business and climate impact. We are delighted to announce this agreement, as we also want to inspire other businesses to follow. Significant steel…

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Ingka Group increases its sustainability investments by EUR 600 million over coming 12 months

Stuart Mitchell

Ingka Group will accelerate its investments to further enable the transition to reach the IKEA overall commitment to become climate positive by 2030. Over the coming year, the company has committed to invest EUR 600 million more into companies, solutions and its own operations to enable the transition to a net zero carbon economy. This increases its overall investments into sustainability to EUR 3.8 billion.    Since 2009 Ingka Group1, through its investment arm Ingka Investments2, has continued to invest in innovative companies that support its sustainability goals, including achieving…

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