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IKEA makes first US forest investment to support sustainable supply chain

IKEA made its first US forest investment to support sustainable supply chain.  The Dutch-based retailer, famous for its ready-to-assemble furniture, has purchased its own forest property and announced plans to apply sustainability methods in sourcing raw materials from it.

As part of its proven strategy to invest in the sustainable production of resources that the company consumes both directly and indirectly, IKEA purchased about 25,000 acres of forest property in Alabama—its first US forest property. Forest management will be handled by Campbell Global.

The head of the company’s financial asset management, Kristen Mattsson, says IKEA plans to identify and apply sustainable management methods that will allow the company to preserve and even increase the quality of the forest over time. IKEA has invested more than $3.7 billion on resource and energy independent investments to ensure the long-term supply of materials, as well as recycling, renewable energy, and the development of biomaterials.

For its forest management in the US, IKEA has partnered with Campbell Global, a company focused on sustainable timberland and natural resource investment, to oversee and operate the property. Read the whole Eco-Business story by Jennifer Hermes

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Architects, engineers, builders, inspectors, managers and owners see buildings in slightly different ways. Drawing on his university degrees, industry training and over 32 years experience in all four disciplines plus insurance underwriting and claims and mortgage banking experience, Edward Devine developed a proprietary inspection and assessment protocol that considers property condition from all perspectives.

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