Ingka Investments pledges $1b for recycling infrastructure

It aims to accelerate the availability of recycled materials.

Ingka Investments, part of Ingka Group, the largest IKEA retailer, will invest $1.03b (€1b) in companies improving recycling infrastructure.

The move addresses the global challenge of excessive resource consumption, with the economy using 75% more natural resources annually than the Earth can regenerate. Currently, less than 20% of waste is recycled.

“In doing so, we invest to recycle more end-of-life products into secondary raw materials,” the group said.

Since launching Circular Investments in 2017, Ingka Group has focused on fostering a circular economy by targeting plastics, mattresses, textiles, wood, and food waste. Its portfolio companies have recycled 2.7 million tonnes of materials and avoided 9.4 million tonnes of CO2 emissions.

This new investment aims to accelerate the availability of recycled materials and reduce environmental impact.