People and Planet Positive Strategy

Introduction People and Planet Positive Strategy

We are taking bold steps to transform our business and respond to a rapidly changing world. This’s our opportunity to play a small but significant role in helping create sustainable planet. fy16 has been an important year. In December 2015, the world’s leaders committed to keep global warming well below the 2 ° c threshold, and the launch of the UN Sustainable Development Goals (sdg) established a very strategic direction for governments and business to create a sustainable future.

Take a lead in creating a better life for the people and communities impacted by our business. Extend our code of conduct throughout our value chain; be a good neighbour, act in best interests of children and support human rights. Strive for resource & energy independence. Secure long-term access to sustainable raw materials, promote recycling, and use resources within the limits of the planet. Produce more renewable energy than we consume and drive energy efficiency throughout value chain. Inspire and enable millions of customers to live a more sustainable and healthier life at home. Take the lead in developing and promoting products and solutions that can help customer save and generate energy, reduce and sort waste and use water more efficiently—at the lowest possible price.

The People & Planet Positive Strategy

We know that to be a viable business in the long term, we need to be sustainable business. And we want to go beyond this, by going all-in to create a positive impact for people and the planet.

OUR VISION IS TO CREATE A BETTER EVERYDAY LIFE FOR MANY PEOPLE.

Our vision, to create a better everyday life for the many people, is at the heart of our sustainability strategy, People & Planet Positive. Sustainability is one of the strategic cornerstones in the IKEA Group direction—Growing IKEA Together 2020+. The direction outlines our aim to create a better IKEA, to position IKEA in the hearts and minds of many people, and to achieve long-term growth and profitability. It sets a high level direction for IKEA Group, complemented by our People & Planet Positive strategy.

What is in the report? This Report is an account of our progress in fy16 against the targets set out in the People and Planet Positive strategy. You can find the People Planet Positive strategy on our website. Read on to learn about how far we have progressed and our ambitions to do more.

This report covers all of the wholly owned companies in IKEA Group in fy16. At the beginning of fy17, the composition of IKEA Group change when IKEA range, supply and production activities were transferred from the IKEA Group to the Inter IKEA Group.

Find out more About the IKEA Group, our vision and our business idea on the IKEA website.

OBJECTIVES

CORNERSTONES OUR GOALS

IKEA in the hearts and minds of the many people

Growth and long term profitability

A better IKEA

GROWING IKEA

…through providing a great customer experience, bringing our strong, inspiring home furnishing offer and expertise closer to the many people.

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PEOPLE …through developing co-workers, strengthening our culture and making IKEA a great place to work.

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SUSTAINABILITY …through becoming “people and planet positive” and always acting in a responsible way.

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PERFORMANCE …through unleashing our full potential, constantly finding better ways and building long term value.