In an interview with The Ethical Corporation, Inter-IKEA Group’s global head of forestry Mikhail Tarasov pointed to biodiversity loss as one of the biggest threats to the world’s forests. Competition for forest resources and accelerating climate change, which is driving wildfires and the spread of pests and disease, add to the challenge for IKEA. The company, which processed ​14.7 million cubic metres of round wood for its products last year, is one of the world’s largest consumers of timber, most of it sourced from Europe. That figure, however, represents a 30% reduction in its consumption since 2019, in part by recycling and reusing wood in its products. IKEA is working to promote better forest management ‌so that decisions on the harvesting of trees take account of local conditions, and combine management with protection and regeneration. The different IKEA entities own over 500,000 hectares of forest. Tarasov’s group is piloting “climate smart” forestry on 16,000 hectares in Latvia.