Friday, September 14, 2012

Chapter 3: Ethics and Social Responsibility


Along with making money and producing creative products, IKEA truly think about Corporate Social Responsibility because they care a lot about the planet and people.

 
A Soft Toys Campaign Helping Children

From mid-nineties, IKEA has held a soft toys campaign during holiday season at the end of each year. During the campaign, one dollar of each soft toy sold in all IKEA stores in the world goes to UNICEF and Save the Children in order to improve education for children in Africa, Asia, and Europe. So far, this campaign has made 47.5 million euro ($62,443,500) of donation and helped 8,000,000 children have a good education in about 40 countries.
 
Green Marketing
                IKEA is also environmentally responsible. As a furniture store company, they have to use woods a lot. However, they plant a new tree for a tree they have used. The FSC(Forest Stewardship Council) has awarded IKEA a certificate which shows IKEA is balancing economic, environmental, and social interests.
                In addition, IKEA has invested in installing 250,000 solar panels and 60 operational Wind turbines in countries without good sunshine. Their 9 wind turbines in central Sweden generates renewable electricity that covers 75% of the power needed for all IKEA stores in Sweden. Moreover, IKEA applied sustainability to their products. For example, their LED lamp called SOLVINDEN generates light by using solar and wind power. You can see how it works in this video.
 

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