Ikea is to invest $ 1.1bn in businesses that will provide the company with a long - term supply of sustainable materials . The investment will be spent on firms working in the fields of recycling technology , renewable energy and energy , and on forestry . According to CDP , 24 percent of the revenue of major firms depends upon commodities linked to deforestation : coal , crude oil , rubber and timber . Such dependence puts companies at risk to the extent of $ 906bn each year . Ikea , which has invested $ 1.6bn in renewable energy since 2009 , will also focus on products that boost the circular economy , thus contributing to savings .
Ikea is to invest $1.1bn in businesses that will provide the company with a long-term supply of sustainable materials. The money will be spent on firms working in the fields of recycling technology, renewable energy and biomaterials, and on forestry. According to CDP, 24% of the revenue of major firms depends upon commodities linked to deforestation: cattle, palm oil, soy and timber. Such dependence puts companies at risk to the extent of $906bn each year. Ikea, which has invested $1.6bn in renewable energy since 2009, will also focus on products that boost the circular economy, thus contributing to savings.