IKEA

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Founded by Ingvar Kamprad in 1943 as a tiny Swedish mail-order catalog business, today IKEA is a global home furnishing brand that lives in the hearts of the many people. One of the world’s top furniture retailers, IKEA sells Scandinavian-style home furnishings and other housewares in about 422 stores in some 50 markets. We are a values-driven company with a passion for life at home. Every product we create is our idea for making home a better place. Even though we’ve come a long way since Ingvar Kamprad founded the IKEA brand, his dream to create a better life for as many people as possible, whatever the size of their wallet, is and will always be our driving force. Mission: To create a better everyday life for the many people.

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4.1

Overall Excellence Rating

Industry

Wholesale

Category

Home Furniture & Housewares

ESG/Ethical Impact

Key achievements include a continued reduction of the total IKEA climate footprint and a significant increase in renewable energy in both retail and production. As one of the first businesses, IKEA also disclosed the outdoor air pollution generated across a value chain. Our ambition for 2030 is to inspire and enable more than 1 billion people to live a better everyday life within the boundaries of the planet. 50% of main meals offered in our restaurants will be plant-based by FY25. Our ambition is to be a circular business by 2030. We are committed to designing all of our products with circular capabilities. We aim to use only renewable or recycled materials and to provide new solutions for our customers to prolong the life of products and materials. IKEA is committed to becoming climate positive by FY30, by reducing more greenhouse gas (GHG) emissions than the IKEA value chain emits, while growing the IKEA business. This will be achieved without relying on carbon offsetting. In this way we contribute to limiting the global temperature increase to 1.5°C by the end of the century. In FY22, we reduced the climate footprint of the IKEA value chain by 12% compared to baseline year FY16. Our ambition for 2030 is to regenerate resources while growing the IKEA business. We aim to only use responsibly sourced renewable or recycled materials in our offer, and have a positive impact by regenerating resources, protecting ecosystems and improving biodiversity. This also means working to identify, prevent, mitigate, and address any potential negative impact on people linked to our business activities. We are dependent on materials and ingredients for our home furnishing solutions and food products, and we will always work to find new ways to do more with less. Approximately 15% of our total wood use in FY22 was recycled, leading up to our goal of at least one-third of recycled wood by FY30. By 2030, our ambition is to play our full part in contributing to a fair and equal society, by respecting and promoting human rights across the value chain and contributing to resilient societies.

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Lorem Ipsum is simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry’s standard dummy text ever since the 1500s, when an unknown printer.

Awards Received

2023

Revenues

$13,000,000,000.00

Website Traffic

Employee Rating

3.6

Customer Rating

4.5

Company Size

10000+

ESG Risk Rating

3

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