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We then worked closely with the responsible functional groups – Plant Operations, Environmental, Real Estate, and SupplyChain – to address the Internal Audit findings. The RMR agreement is expected to end no later than December 31, 2026. We had previously announced, in June 2021, our intention to shut down this facility.
The projected global revenue from shifting to a circular economy is expected to increase from $339 billion in 2022 to $712 billion in 2026. The global home furnishing company aims to become a circular and climate-positive business by 2030. This isn’t a new observation for IKEA.
In other US climate-positive news, the Biden administration recently awarded US$4.3 Next year, that figure will go up to 70%, and to 100% from 2026 and beyond. Keeping up the momentum – Climate finance and policymaking has been all the rage in the UK since the election of the new Labour government early last month.
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