Ingka Investments, the investment arm of Ingka Group, the largest IKEA retailer, plans to invest approximately €1 billion in companies that are expanding recycling infrastructure. The goal is to support the transition to a circular economy, where waste is minimized and recycled materials are reused. Currently, only 20% of waste is recycled, and the global economy consumes 75% more natural resources than the Earth can regenerate. Ingka Investments aims to invest in companies that can help increase recycling rates and reduce waste. Peter van der Poel, Managing Director of Ingka Investments, emphasizes the importance of strong legislation to prioritize recycling over incineration and landfilling. The company is actively collaborating with authorities and stakeholders to address these issues. Ingka Group established Circular Investments in 2017 to focus on investments that contribute to a circular economy, with a focus on plastics, mattresses, textiles, wood, and food waste.
Ingka Group invests Euro1 billion to bolster recycling infrastructure, furthering sustainability goals.
