IKEA Stores Owner Ingka Plans Recycling Expansion

Ingka Investments, the investment arm of Ingka Group, the largest owner of IKEA stores, is planning to expand its mattress recycling initiative across Europe, including France, Belgium, and Scandinavia. However, the company's managing director, Peter van der Poel, emphasized that without changes to incentives that currently favor incineration, recycling may not be financially viable in many markets. Ingka is committed to sustainability and has invested billions of euros in renewable energy and forest projects, aiming to operate within a circular economy model.