The IKEA Sustainability Report FY22 IKEA Global reduced 1.4 million tons of carbon emissions for the Earth last year Promoting the concept of Green and Healthy Home
HONG KONG SAR – Media OutReach – 19 April 2023 – IKEA has been committed to promoting global sustainability by incorporating various environmental protection features into our products’ functionality and manufacturing processes. In FY2022, IKEA globally reduced its carbon footprint by 5% compared to the previous year, and by a significant reduction of 12% compared to the FY2016 baseline which in other words, has approximately reduced 1.4 million tons of carbon emissions. This achievement is equivalent to planting 140 million trees on Earth. IKEA Global has also increased the use and coverage of renewable energy to 64%, creating a more environmentally friendly home-living for the public.[1] To echo with Earth Day, we are pleased to release the IKEA Sustainability Report FY22 and announce our annual sustainability activities in Hong Kong, reaffirming IKEA’s commitment and strategies in achieving healthy and sustainable living, circular and climate positive, as well as fair and equal.
Adrian Worth, Managing Director of IKEA North Asia, DFI retail group, said, “In the face of the global warming crisis, IKEA has been devoting effort in formulating proactive and comprehensive sustainability strategies to provide the public with a healthier and more equal living from the domestic life perspective. In recent years, IKEA Hong Kong has launched creative and forward-looking initiatives which made remarkable achievements. More and more co-workers and customers recognise our vision and join hands with us in fulfilling our social responsibility of protecting the environment.”
Those initiatives include:
Hong Kong’s First IKEA Microsite on Carousell: Collaborating with Hong Kong’s popular online marketplace Carousell to build a limited-edition IKEA microsite, where a collection of display items and discontinued models can be found at discounted prices. This collaboration builds up consumers’ awareness of reusing and reducing waste and achieves a sustainable consumption pattern.
‘Light Up Hope’ programme: IKEA joined forces with local charitable organisation A Plastic Ocean Foundation to organise the Light Up Hope programme to help improving the living conditions of families in Hak Pak Nai, which have long been suffering from natural disasters caused by climate change, by providing these households with electricity safety inspection, energy-efficient lighting as well as climate disaster education. 120 households in Ha Pak Nai benefit from the scheme.
UNDER HAVET Marine Conservation Exhibition: The Ocean Exhibitions at four of our Hong Kong stores were presented in a fun comic-book style allowing children and adults to learn that ordinary items around us can be the source of marine pollution and how simple daily practices can help conserving the ocean. The exhibition also shares IKEA’s approach to regenerating marine pollutants to contribute to marine conservation. These include the recycling of marine plastic waste into recycled polyester, which is then used to produce eco-friendly toys.
Blue Bag Fund: IKEA set up the Blue Bag Fund in 2019. For every IKEA blue bag (FRAKTA bag, M or L size) sold, IKEA donates HKD/MOP $1 to the fund to support our community projects, such as helping redesign the centres of two NGOs – Good Shepherd Sisters and Fountain of Hope in Macau. In 2022, IKEA donated over $800,000 to the Blue Bag Fund, supporting varied activities.
IKEA Tsim Sha Tsui Plan and Order Point: The Tsim Sha Tsui Plan and order point embodies the theme of healthy and sustainable living, selling over hundreds of sustainable furniture and accessories that match the concept of green and low carbon. This encourages customers to cultivate daily practices of waste reduction and resource conservation. Customers will learn tips about sustainability and concepts about green living from the labels posted in the surroundings.
Introducing Food Waste Handling Machine: We have installed a food waste handling machine in the Tsuen Wan store and the Kowloon Bay store, allowing co-workers to get informed about the latest situation efficiently and convert food waste to water. 5,000 kg of food waste is being processed every year, reducing the landfill’s pressure.
To encourage customers to join IKEA in promoting healthy living and sustainable development, here are five tips to help consumers practice green living while purchasing our furniture products:
Choose energy efficient LED light bulbs: Not only do LED light bulbs use up to 85% less energy than incandescent bulbs, but they last up to a 20-year lifespan. IKEA Hong Kong sold over 610,000 LED light bulbs in the past two years, saving energy consumption.
Choose taps with energy-saving water nozzles: Water resources issue has always been a concern. IKEA revamps the hand showers’ design by adding washers into all showers which reduces almost 30% of water consumption. We also added water and energy-saving devices in the kitchen tap which reduces water usage by nearly 50%. The new ÅBÄCKEN water nozzle can even control the water flow rate, effectively saving 95% of water usage. In 2022, IKEA Hong Kong sold over 4,000 taps and water nozzles, helping consumers protect precious water resources in their daily lives.
Choose HOPPVALS cellular blind: Summer is coming and there will be a surge in electricity demand. By choosing energy-efficient cellular blind, you can also contribute to environmental protection. The design inspiration of cellular blind comes from the honeycomb structure of bees that forms a heat-insulating layer to reduce the amount of heat entering indoors and families’ expense on air conditioning. In the past two years, IKEA Hong Kong has sold over 7,000 HOPPVALS cellular blinds which helps facilitate families to save electricity effectively.
Choose plant-based food: IKEA continues to research and invent ‘plant-based food’ which are both environmentally friendly and delicious. In 2020, we launched plant ball. These plant-based foods require less resources that produce fewer carbon footprints. In the past three years, the sales of plant balls at IKEA Hong Kong have reduced 6 million kilograms of global carbon emissions, that is equivalent to planting over 64,000 trees, providing the public with another option to build a healthy lifestyle. There is also an Earth Day 15% off promotion of selected plant-based food series until 26 April 2023, to encourage customers in choosing plant-based food.
Second Life for Furniture: A collection of display items and discontinued models are available at discounted prices in IKEA’s Bargain Corner, which provide consumers with alternative options when shopping for new furniture for the home. This also gives these functioning used products in good condition a second life, to reduce discard and waste, and achieve a sustainable consumption pattern.
In the coming year, IKEA will continue to promote sustainable development through different activities and strategies, including promoting more sustainable home décor and continuing the Light Up Hope programme to build a strong and sustainable community with our customers and alleviate the climate crisis.
Stakeholder mapping, analysis, engagement and communication needs to be detailed to avoid business losses or even worse, a crisis. How can you do this effectively to prevent failure? ...
Data-driven business decisions have never been as crucial, especially in this era. MGBF leverages off, technology, experience and market presence to aid businesses in making accurate decisions. ...
MGBF provides comprehensive strategic advice and results-focused solutions to solve clients' problems in business-government relations so they can focus on their core business. ...
A critical business challenge is meeting the right decision-makers and potential buyers through the best channel and platform. How will you improve your business competency? ...
MGBF is hosting a networking session with Romania's global analyst, Radu Magdin, in Kuala Lumpur. Join the discussion on strategic shifts and conflict flash points that impact Malaysia’s international facing business.
Expanding on the Malaysian government's efforts to promote the country as a trade and investment destination of choice, MGBF will engage with the many industry leaders who announced multi-billion dollar commitments.
The global trend towards a sustainable future is driven by multiple forces. What does Malaysia have to do to achieve resilience at the corporate level while creating new business opportunities?
Special session: Cyberwarfare Waged on the Corporate Sector - Lessons from the Russia-Ukraine Crisis. Corporations are in a digital arms race that many don't realise. How does this relate to your organisation?
The classic knee-jerk reaction is to say, fire the coach, change the leadership of associations, and reduce the funding till they start performing better. This kind of negative reinforcement may work for kindergarten children, but we are dealing with high-performance adults – individuals much further along in their psychological and […]
Since its earliest tea plantations in 1929, Cameron Highlands has grown to become a key player in the agricultural landscape of Malaysia, producing 40 per cent of all vegetables grown. Despite Malaysia shifting its economic focus away from agriculture, the industry remains imperative for food security and the livelihoods of […]
Although at first glance the travel industry and the agricultural sector appear to have nothing in common, they actually share more than meets the eye. The economic benefits of tourism to the agricultural sector can be multiplied several times over. “Tourism brings the end consumers closer to the source, which […]
The Malaysia Global Business Forum (MGBF) recently held a high-level roundtable themed ‘Designing the Future of the Digital Economy’, attended by industry leaders and business associations. The guest of honour was Yang Berhormat Syerleena Abdul Rashid, the Member of Parliament (MP) for Bukit Bendera in Penang. The MP’s Special Session […]
The Malaysia Global Business Forum (MGBF) will be hosting a roundtable on ‘Designing the Future of the Digital Economy’ on 23 February 2023. It is the culmination of the first three MGBF Exclusive Roundtable Series titled ‘The Evolving Threat Matrix in the Digital Economy’ held throughout 2022. According to the […]
The Founding Chairman of the Malaysia Global Business Forum (MGBF), Nordin Abdullah, today spoke on Bernama TV’s leading English talk show, The Brief, hosted by Jessy Chahal, on the topic of a stable political reality and what that means for the Malaysian economy. Nordin said, “The first thing that it […]
More than 1,100 years ago, Muhammad ibn Musa al-Khwarizmi was developing the mathematical formulas that we know today as algorithms which now have become so intertwined with the business fortunes of global media giants and the very fabric of geopolitics. A series of recent high level international reports have revealed […]
KSK Land has been recognised by the Malaysia Global Business Forum (MGBF) for its role in attracting high net-worth individuals to Malaysia post-pandemic. The first challenge in investor attraction is “selling” the country. In the context of Asia, Malaysia is competing with some very established investment destinations. The second […]
Malaysia, in particular Kuala Lumpur, continues to position itself as a regional centre to do business, educate a family and enjoy a global lifestyle. One company, KSK Land, has taken the lead in positioning itself and the city of Kuala Lumpur as a property investment destination for the global citizen […]
The upcoming budget represents an opportunity to build resilience in the critical sectors that will form the backbone of the country’s future-facing economic ambitions. This however needs to be achieved in the context of managing the community sectors most impacted by COVID-19 over the past two years. The Keluarga Malaysia (Malaysian Family) […]
Malaysia Global Business Forum (MGBF) has moved to support the creative economy as the overall economy moves into a recovery phase following the COVID19 pandemic. As a step in the direction of normalcy, the MGBF has agreed to host the art exhibition “I Know You’re Somewhere So Far” by one […]
Congratulations to Datuk Seri Ismail Sabri Yaakob for taking up the mantle of the ninth prime minister of Malaysia. There is nothing normal about the situation; it could not have been scripted but it has kept the spectrum of media, mainstream and social, gripped. The first order of business for […]
In a stirring speech to the nation, President Joseph R. Biden, Jr. stamped his brand of leadership on the presidency, in his first act as the 46th president of the United State of America, it signaled several shifts. Perhaps the weather was foreboding with snow falling before the ceremony that […]
KUALA LUMPUR, 6 July 2022 – As the global economy continues to deal with unprecedented levels of disruption caused by the pandemic and the conflict between Russia and Ukraine, the convergence of energy security and food security issues has become a front-of-mind issue faced by policy makers and consumers alike. […]
KUALA LUMPUR, 23 June 2022 — Malaysia Global Business Forum (MGBF) ties up with scoutAsia to ensure that businesses are equipped with deeper regional insights. The past two years has seen a massive shift in the way businesses are conducted with digitisation, digitalisation and automation continuously being adopted to improve […]
KUALA LUMPUR, 25 May 2022 – The Malaysia Global Business Forum (MGBF)’s exclusive roundtable on ‘Security Concerns in Critical Value Chains’ was held in a hybrid setting yesterday at the Eastin Hotel Kuala Lumpur. The guest of honour was Yang Berbahagia Tan Sri Dato’ Seri Rafidah Aziz, former minister of […]
We live in the age of crisis. At the heart of any crisis is the threat of rapid change. Change too deep or too wide that the current coping mechanisms for an individual, corporation or government are unable to remain resilient. An unwelcome paradigm shift, like the proverbial spider, that […]
The Malaysia Global Business Forum (MGBF) has released a report following the roundtable on ‘Digital Resilience in the Corporate Sector’, which was recently held in Kuala Lumpur. In attendance as guest of honour was Deputy Minister of Communications and Multimedia, Datuk Zahidi Zainul Abidin. The report recommended several critical development […]
Trade and investment delegations will trickle back over the next few months, but the second half of the year should see considerable return of business travellers. It was learnt that over 50 per cent of international business chambers and industry associations surveyed will consider sending exploratory teams to Malaysia during […]