A file photo taken on March 30, 2016 shows the logo of IKEA pictured outside Europe's biggest Ikea store in Kungens Kurva, south-west of Stockholm. AFP / JONATHAN NACKSTRAND
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Ikea will start renting and recycling furniture worldwide as part of an eco-friendly drive to address concerns its affordable, flat-pack business model leads to overconsumption and waste.Either way, Ikea says it plans to become a circular business by 2030 .Ingka Group, which operates 367 Ikea stores worldwide, earlier this year launched a pilot leasing furniture in four countries, a project it now plans to expand to all of its 30 markets.Ikea's 2030 goal could be difficult to attain, given its current carbon footprint.Most Ikea products manufactured by its subsidiary Ikea Industry are made in Poland, Russia, Slovakia and Sweden, but its biggest sales markets are Germany (15 percent), the United States (14 percent) and France (8 percent), according to 2017 figures.Ikea's 2030 goal can only be reached if the company manages to extend the lifetime of its products, she said.
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