Procurement Magazine June 2024 | Page 37

IKEA
TOP 10

08 FOUNDED

Jon Abrahamsson Ring CEO , IKEA

IKEA

REVENUE : US $ 51bn EMPLOYEES : 219,000 CEO : JON ABRAHAMSSON RING
: 1943
IKEA , the Swedish furniture giant , showcases its commitment to ethical procurement practices .
With its supplier code of conduct , setting clear standards for ethical , social , and environmental standards . Strong investment in sourcing sustainable materials for its products , including responsibly sourced wood and renewable materials , and a commitment to renewable energy .
IKEA ’ s unwavering dedication to ethical sourcing sets a high standard for the industry , demonstrating that business success and social responsibility can go hand in hand . procurementmag . com 37