Introduction | Becoming People & Planet Positive | Stakeholder engagement | Sustainability governance | SDG index Healthy & sustainable living - Our circularity agenda - Our climate agenda - Regenerating resources - Fair & equal - IWAY FY23 key activities Biodiversity Continued advocacy for biodiversity tree species selection, the impact of planted regulations and reporting trees in disturbed areas, the importance of We participated in the European Business and tree diversity for broader biodiversity and the Biodiversity Forum in June 2023, hosted by potential of genetic variation in native trees WWF-France, which discussed the next steps for reforestation. Read more about research for both the private and public sectors. The by the Swedish University of Agricultural focus of the forum was on how the changing Sciences (SLU) related to Sow a Seed. regulatory context is making it mandatory for companies to pay attention to and accelerate Reviving nature through the establishment the biodiversity agenda, including increasingly of biodiversity parks in India complex reporting requirements. The IKEA business shares the concerns voiced during In FY23, WWF-India, with the support of the the forum. IKEA business, developed three biodiversity parks in India in an e昀昀ort to restore cotton As a SBTN Corporate Engagement Program ecosystems through regenerative agriculture The world is experiencing a biodiversity Insights from research on a unique 25-year practices. These parks host habitats for crisis.1 participant, we’ve had the opportunity to use forest restoration programme The human-caused loss of species, some of the methods and tools prior to their wider butter昀氀ies, bees and other pollinators, ecosystems and genetic diversity is one release and to provide feedback on their feasibility. Launched in 1998, the Sow a Seed project supporting the conservation of biodiversity of the greatest challenges of our time. Based on the publicly released guidance, we will in Sabah, Borneo, aimed to restore 18,500 in the area. Restoring cotton ecosystems The IKEA business impacts and depends reassess our impact work to align with the improved hectares of rainforest degraded by logging not only supports pollinators, but also local communities by improving conditions for on biodiversity mostly through the direct methodology. and 昀椀re. and indirect use of land, sea, freshwater cotton 昀椀bre production. A main part of the initiative included scienti昀椀c and raw materials. We are continuously evaluating various methods, research, supported by IKEA funding. In FY23 including the Taskforce for Nature-related Financial a postdoctoral position ended, scienti昀椀cally During FY23, we continued the work of Disclosures (TNFD) framework, to increase the concluding that biodiversity improvements in understanding our impact and dependency on transparency of our reporting on nature-related the area. biodiversity across our value chain according to the dependencies, impacts, risks, and opportunities. Key lessons learned include the creation of a Science Based Targets Network (SBTN) guidance. valuable natural resource, the adaptability of 1 Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services (IPBES), "Global Assessment Report on Biodiversity and Ecosystem Services", 2019 32 - IKEA SUSTAINABILITY REPORT FY23