The world economy has grown exponentially over the past hundred years, contributing to the largest reduction of poverty in the history of humanity. At the same time, there is also an ever-increasing level of inequality and social instability, with vast numbers of people being left behind.
Global challenges such as pandemics, climate change, biodiversity loss and geopolitical conflicts continue to accelerate inequality, hitting the most vulnerable the hardest. The transition to a net-zero economy brings additional challenges for livelihoods and human rights, as industries must drastically change, while the impacts of climate change are set to cause widespread disruption that will disproportionally affect vulnerable communities.
Businesses like IKEA have a huge opportunity and responsibility to work alongside governments to build resilient societies in which everyone’s rights are respected, basic needs are met, and equal opportunities are available for all.