2 - IKEA Sustainability Strategy - People & Planet Positive - © Inter IKEA Systems B.V. 2023 The purpose of this strategy is to inspire, activate and lead us in our decision-making and goal setting so that we Contents together can achieve the big positive changes we want to see in the world, and for the entire IKEA ecosystem. What sustainability means to IKEA 3 Being positive in a rapidly-changing world 5 The IKEA sustainability strategy, People & The strategy will be reviewed annually to Three focus areas 11 Planet Positive, is issued by Inter IKEA Group secure alignment with the total IKEA strategic Healthy & sustainable living 12 and covers the entire IKEA value chain and framework. You can read about our latest Circular & climate positive 14 1 franchise system. progress measured against this strategy in Fair & equal 16 the annual IKEA Sustainability Report and IKEA Enablers: How we make it happen 18 Climate report. The IKEA business is de昀椀ned as the business activities performed by all entities operating Overview of ambitions and commitments 19 under the IKEA Brand. “We” in this strategy Our sustainability ambitions and refers to the IKEA business. The IKEA value commitments are set for 2030 in line with the chain includes sourcing and extracting raw UN Sustainable Development Goals. materials, manufacturing, transporting of products, retail activities in stores, customer We don’t have all the answers and cannot travel to stores, product use in customers’ achieve our goals alone. Therefore, we homes and product end-of-life. are committed to working together in a collaborative way and being transparent To ensure the long-term growth and about what we learn. We will rely on our development of the IKEA business, we use culture of entrepreneurship, always moving a franchise system. This provides 昀椀nancial forward and not waiting for perfection. We stability while allowing franchisees to will work together to achieve continuous challenge, test and explore new markets and improvements. ideas. Together, we continue to develop the IKEA business. 1 In total, there are 12 IKEA franchisees in more than 60 markets. Inter IKEA Group includes the IKEA franchisor, range, supply and manufacturing. The IKEA sustainability agenda is set and governed by the Strategic Sustainability Council with the Inter IKEA Group CEO as chair.