Ikea acquires forests in Latvia and Lithuania to secure sustainable wood supply

Inter Ikea Group is acquiring approximately 240 square kilometers of forest in Latvia and Lithuania. This move aims to secure a sustainable wood supply for the furniture giant. The acquisition from CapMan Natural Capital is intended to ensure forestry practices meet strict internal requirements, including FSC certification. The deal is expected to close in the first half of 2026, pending regulatory approval. Ikea, a major wood consumer, is investing in forests to achieve its climate goals of halving value chain emissions by 2030 and reaching net-zero by 2050.