Furniture giant Ikea says it will invest €1 billion ($1.1 billion) in forestry and companies developing recycling technologies, renewable energy and biomaterials as part of the retail giant’s plan to secure a long-term supply of sustainable materials for its products.
Part of Ikea’s billion-euro investment will focus on sustainable forestry. One of the ways Ikea and other companies do this is by investing in forests. This allows the companies to ensure the forests are managed responsibly, while also ensuring a reliable source of wood for products and packaging materials.
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