Ramping up its sustainability efforts, furniture giant Ikea has invested a 15 percent minority stake in Morssinkhof Rymoplast, a plastic recycling plant in the Netherlands. The plant has the capacity to produce more than 220,000 tons of high-grade recycled materials per year.
This effort goes hand-in-hand with the company’s goal of using 100 percent recyclable and/or recycled materials by August 2020.
The Guardian has more information:
Ikea has bought forest in Romania and the Baltics, wind farms in Poland and now it is investing in a plastic recycling plant in the Netherlands.
For the Swedish furniture giant, extending control across its supply chain in this way could help it become more sustainable by avoiding environmentally damaging activities like illegal deforestation and plastic waste.
Ikea is not alone in this strategy.