Furniture as a Service (FaaS)
This action aligns with the following Calls to Action from the Circular Economy Action Agenda for Textiles
4. Guide and Support New Business Models for Environmental, Financial, and Social Triple-Win
Furniture as a service (FaaS), is a furniture subscription service offering customers home furnishing solutions that meet their needs, including design, maintenance, and repair. When no longer needed by one customer, the furniture is cleaned, refurbished, and made ready for the next customer. When the furniture has been reused as many times as possible the materials and components are recycled.
Objectives for 2021
In 2021, furniture leasing model was tested in six European markets operated by the franchisee Ingka Group. The FaaS business model is still being developed and in 2021-22 tests will continue with the ambition to offer scalable, affordable solution that is good for both people and the planet.
The Ingka Group