Ingka Investments' Peter van der Poel told a panel at the Reuters IMPACT conference in London that a recycling initiative in the Netherlands would be expanded to markets including France, Belgium and Scandinavia.
"The thing here is to understand in many markets in Europe, still incineration is incentivised (over) recycling.
Ingka Investments is the investment arm of Ingka Group, which owns and operates the majority of IKEA stores.
Investing in what it calls the circular economy, which includes recycling, is part of Ingka's sustainable investment portfolio, alongside renewable energy and forests.
Van der Poel says this is viable because Ingka has an investment horizon of "generations", out to 100 years.
Persons:
Anna Ringstrom, Peter van der Poel, Van der Poel, Tommy Reggiori Wilkes, Emma Rumney, Simon Jessop, Jan Harvey
Organizations:
REUTERS, Ingka, Ingka Investments, Reuters IMPACT, Investments, IKEA, Thomson
Locations:
Stockholm, Sweden, Europe, London, Netherlands, France, Belgium, Scandinavia, North America