Published 23 January 2018 • Inter IKEA newsroom

IKEA wins circular economy award at World Economic Forum

The Circulars is the world’s premier circular economy award program on the initiative of the World Economic Forum and the Forum of Young Global Leaders\*.

IKEA has received the award in recognition of the work leading to the transformation of the IKEA business in all aspects: from product development, material sourcing, supply chain development, logistics set up, to development of the meeting with customers. This comprehensive agenda paves the way for the use of more renewable and recycled materials, enabling materials and products to last longer while staying within the limits of our planet.

“Transforming IKEA into a “circular” business is one of our biggest ambitions and challenges for the future. It’s about smarter use of resources and from the very beginning designing products so they can be repurposed, repaired, reused, resold or recycled in any other way. It requires an innovative mind-set, working together with many stakeholders”, says Peter van der Poel, Managing Director, Range & Supply, Inter IKEA Group. “We are only in the beginning. This prize is inspiring and indicates that we are on the right track.”

The award ceremony took place on Monday, January 22nd of 2018 in Davos, Switzerland. The prize was accepted on behalf of IKEA brand by Peter van der Poel, Managing Director, Range & Supply, Inter IKEA Group

\*IKEA has been selected as a winner in The Accenture Strategy Award for Circular Economy Multinational. The Circulars, an initiative of the World Economic Forum and the Forum of Young Global Leaders, is the world’s premier circular economy award program. The awards are open to individuals and organizations from commerce and civil society in seven distinct categories and are designed to recognize and celebrate, on a prestigious global stage, all facets of the circular economy movement.