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 Understanding the impact of FSC forest Global consumer insights on the forestry management on biodiversity sector At COP15, where the Kunming-Montreal As one of the leading wood users in the Global Biodiversity Framework (GBF) was retail sector, we strive to use our size and adopted, the IKEA business, together with global reach to positively in昀氀uence, and FSC, WWF, and other leading companies, even transform, the forestry industry. We participated in the launch of an initiative asked GlobeScan to conduct foundational to fast-track biodiversity assessments in research amongst consumers and experts FSC-certi昀椀ed forests. The initiative builds into how the forestry sector and wood on learnings from earlier work to quantify sourcing are currently perceived and the impact of FSC (the Value and Impact understood. Analysis (VIA) initiative in 2014). The results of the 8,000 consumers In FY23, the initiative worked on evaluating surveyed across eight of our markets how currently available data reported by demonstrate that over 80% are very or certi昀椀cate holders can be used to evaluate somewhat concerned about the state the biodiversity impact of FSC Forest FSC in Poland Expansion of the WWF and IKEA forest of the world’s forests. It shows that the Management. This initiative will support The wellbeing of the world’s forests is partnership to Brazil and Colombia responsible sourcing of wood is important FSC certi昀椀cate holders in demonstrating a primary focus for the IKEA business. During FY23, the IKEA business and WWF to consumers, and 75% would prefer to their biodiversity impacts in line with the Therefore, the decision in Poland in buy from a company known for its forest Kunming-Montreal Global Biodiversity continued our long-standing partnership, FY23, to discontinue participation in the where forests have been in focus. Working side- conservation e昀昀orts. Framework agreed on at COP15. most credible global forest management The results demonstrate the need for This initiative represents a big step by-side for over 20 years, covering 19 locations, greater engagement towards consumers towards strengthening the FSC global certi昀椀cation system, FSC, makes us our global partnership has been instrumental deeply concerned. in driving responsible forest management, on issues and products, as well as the certi昀椀cation system with an understanding The IKEA business plays an active role in increasing transparency across wood supply value and bene昀椀ts of responsible forest of its biodiversity impact, which can be a assisting a continuous and constructive chains and protecting ecosystems. We are, management and using wood. We will positive change at scale for the entire forest share the research in FY24. for the 昀椀rst time, initiating projects in South management sector. dialogue between di昀昀erent stakeholders America – Brazil and Colombia. For the projects to support a positive solution. in South America, the plans were developed to focus on community forest management, landscape conservation and recovery activities. Additionally, we are starting a new pilot project on landscape restoration in Thailand. 36 - IKEA SUSTAINABILITY REPORT FY23