• Hi, I work in sales

    My name is Antti and I have been working at NIBE Group since October 2011. Back then I started working at a heating element manufacturing site, Loval Oy in Finland, which is part of the NIBE Element Division.

    Our business principles
  • Hi, I work as an IT technician

    My name is Rasmus and I have been working in NIBE's IT department for 1½ years, after several years as a trainee. My job consists of providing computer and peripherals support to all users at NIBE and our subsidiaries.

    Our business principles
  • Hi, I am the Marketing Manager at ait-deutschland

    My name is Anja and I have been working as Marketing Manager for ait-deutschland, a NIBE Group company in Germany, for 3.5 years.

    Our business principles
  • Hi, I work as Project Manager

    My name is Lisa Martinsson and I work as Project Manager for new product development projects and strategic missions. As project manager my main objective is to lead cross-functional teams to put new NIBE products on the market.

    Our business principles

Our company thrives on our employees' creativity and technical expertise. Therefore, we are committed to providing the best career and development opportunities possible. It is both rewarding and fun to work at NIBE.


NIBE has more than



In over



Working with more than



Our Business Principles

We want to combine strong and sustainable growth with good profitability. Through this we increase value for our shareholders and create the conditions for continued good long-term development.  


Read more about Our Business Principles

  • Our business principles

    Our Business Principles

    Our vision is to create world-class solutions in sustainable energy. We want to combine strong and sustainable growth with good profitability. Through this we increase value for our shareholders and create the conditions for continued good long-term development.

    Our management philosophy is based on success factors for growth through profitability and responsibility. The basic concepts are gathered under the term Our Business Principles.

    Being familiar with NIBE's Business Principles is important to all of us. This applies whatever your position in the Group.

    Gerteric Lindquist

  • Our business principles

    Business concept

    Responsible expansion with a focus on internationalisation.

  • Our business principles


    Our vision is to create world-class solutions in sustainable energy.

  • Our business principles

    Business idea

    Our business idea is to offer the market high quality, innovative and energy efficient products and system solutions within our three different business areas.

    The basis for this is the NIBE Group's broad expertise in product development, manufacturing and marketing.

  • Our business principles


    Our overall goal is to combine strong and sustainable growth with good profitability and create value growth for the shareholders.

    We must also be an interesting and progressive workplace for the employees and have happy and secure customers. Our operations must be characterised by transparency and responsibility.

  • Our business principles

    The Group has four economic objectives;

    Growth must average 20 percent per year, of which half should be organic and half through acquisitions.

    Operating profit for each business area must amount to at least 10 percent of sales over a business cycle.

    Return on equity must amount to at least 20 percent over a business cycle. The equity ratio in the Group must not be less than 30 percent.

  • Our business principles

    Our success factors

    Our management philosophy is based on eight basic ideas that create the power for continued expansion through profitability. Knowledge of our management philosophy is extremely important for both new employees and acquired units in order to understand NIBE's spirit and culture within NIBE.

  • Our business principles

    1. Strong profitability

    • is the most important and basic condition for long-term success and continuous growth
    • is and always has been NIBE's tradition
    • gives freedom and independence
    • creates job satisfaction and security for the employees and attracts new ambitious employees
    • assumes efficient use of energy and materials and a comprehensive approach to environmental and social aspects.
  • Our business principles

    2. High productivity

    • is vital to ensuring competitiveness
    • the productivity philosophy is based on it being possible to continuously improve everything and what cannot be measured cannot be improved
    • variable wage system based on time measurement creates good productivity, high time efficiency and fair wages
    • time measurement also creates the right conditions for correct calculations, sound investment documentation and opportunities to follow up.
  • Our business principles

    3. Proactive product development

    • is a condition for continued good organic growth and breaking into new markets
    • quickly converts the customer requirements to the best solutions for each given market situation
    • gives conditions for good production economy
    • must focus be on energy efficient and environmentally adapted products that contribute to reduced climate impact and sustainable development.
  • Our business principles

    4. Quality throughout customer-centric focus

    • our customers must always have full confidence in our company, products and employees
    • we must be a safe and constructive partner
    • we must be pioneers in quality issues
    • we must have certified management systems for quality and the environment at our production facilities
    • we must have high availability and a professional attitude
    • our environmentally adapted products must contribute to reduced costs and reduced environmental impact for our customers
    • our successes must also benefit the customer through value for money products
    • a NIBE customer must always be satisfied.
  • Our business principles

    5. Market-oriented expansion

    • continuous expansion is absolutely essential for the development of the company
    • the combination of good organic and well-assessed acquisitional growth is the best way to maintain the vitality of the organisation
    • breaking into new markets must be well prepared and consistently carried out.
  • Our business principles

    6. Focus on three core operations

    • creates both internal and external clarity
    • spreads risk and gives reasonable risk exposure
    • the concentration means constantly improving expertise, which in turn gives an analytical advantage, not least with acquisitions
    • there are many international expansion opportunities for all three of NIBE's business areas.
  • Our business principles

    7. Dedicated employees

    • simple organisational forms and operational leadership result in commitment
    • common values and a clear Code of Conduct guide us in our daily work
    • high requirement for honesty and straightforward communication create clarity
    • managers must set a good example
    • all employees must have the opportunity to develop
    • initiative combined with modesty and common sense are the ideal conditions for job satisfaction at NIBE.
  • Our business principles

    8. The long term

    • accountability, durability and continuity win in the long-term
    • reorganisation only occurs after thorough testing
    • our constant striving to establish long-term relations both internally and externally creates a long-term relationships sustainable operation
    • continuity of ownership allows maximum focus on the operations and guarantees independence
  • Our business principles

    Our responsibility

    Overall responsibility for the application and follow up of Our Business Principles lies with the Group President and CEO who delegates the practical, daily work to each legal entity within the Group.

    All managers must act in such a way that their behaviour works as a model for the application of the principles.

  • Our business principles

    More information

    If you work within the Group you can find Our Business Principles, Our Values, policies, guidelines and checklists on the Group intranet, one.nibe.net. Our Business Principles is available in many languages. NIBE's annual report and sustainability report provide information on how we realise Our Business Principles in our work.

    We refer external stakeholders to www.nibe.com where they can access Our Business Principles, Our Values, Code of Conduct, relevant policies, the annual report and the sustainability report.

Our Values

Our Values gives guidance in how NIBE sees issues affecting sustainable development. We have separated them into eight areas that we call our Code of Conduct. 


Read more about Our Values

  • Our business principles

    Our values

    Our vision is to create world-class solutions in sustainable energy means an interaction between economics, social factors and the environment.

    By following Our Values you contribute to NIBE's sustainable development and the global change to a sustainable society. I am convinced that you will make a first-class contribution wherever you are in the world.

    Gerteric Lindquist

  • Our business principles

    1. Respect for human rights

    At NIBE we treat all employees fairly, worthily and with respect.


    • We value and develop diversity among our employees.
    • We do not give any one special treatment* regarding their employment or duties.
    • We do not harass, threaten or discriminate against colleagues or business partners.
    • We respect the right of the employees to organise and negotiate a collective agreement. We also respect the right of an employee to refuse to join a union.
    • We do not permit child labour, illegal labour or forced labour.
    • We ensure that employees under 18 years of age do not carry out risky work.

    *Special treatment may for example refer to gender, religion, age, disability, sexual orientation, nationality, political affiliation or social or ethnic origin.

  • Our business principles

    2. Good working conditions

    At NIBE we offer good working conditions and opportunities for personal development


    • We create good relations with our employees and expect involvement in the company's development.
    • We offer employees the opportunity to develop knowledge and skills in order to increase their professional abilities and to strengthen their personal and economic development.
    • We do not compromise on health and safety issues.
    • We take preventative measures to reduce the risk of accidents and work injuries.
    • We pay wages and remuneration according to agreements and according to legislation and regulations. We reward good performance and extraordinary efforts.
  • Our business principles

    3. Reduced environmental impact

    At NIBE we consider the environment at every stage of our value chain

    • Our long-term strategy is to create world-class, sustainable energy solutions and help make society more sustainable.
    • We live as we learn, which means increased use of renewable energy, conserving natural resources, reduced emissions to air and water, and reduced waste.
    • We have a comprehensive view of environmental issues from product development until the end of the product's useful life.
    • We identify risks to people and the environment and apply the precautionary principle*.

    *The precautionary principle means that in situations where we suspect environmental and health risks but do not have sufficient knowledge of these risks, we do not put off or ignore decisions on suitable protective measures.

  • Our business principles

    4. Good business ethics

    At NIBE, business relationships and business methods are based on compliance with legislation and the application of good business ethics.

    • We require honesty and integrity in all parts of our operations and expect the same from our business partners.
    • Bribes are prohibited. All forms of remuneration to business partners must only be for actual goods or services.
    • Gifts and other benefits must not exceed local customs and must be in line with local legislation.
    • We must follow competition legislation and work for fair competition.
    • All employees must avoid conflicts of interests between private economic issues and the company's business operations.
    • All employees have the right to report economic and other inappropriate irregularities without the risk of negative personal consequences (whistle-blower principle).
  • Our business principles

    5. Responsible purchasing

    At NIBE we make responsible purchases and place requirements on our suppliers.

    • We only work with suppliers who meet NIBE's Code of Conduct.
    • We make demands of our suppliers and evaluate them both before and during our collaboration.
    • Suppliers are encouraged to introduce a certified management system for quality, the environment and working environment.
    • We regularly follow up supplier performance. This may mean requests for improvement or termination of a collaboration.
  • Our business principles

    6. Product liability

    At NIBE, a product's function, quality, safety and environmental characteristics are the most important characteristics for the Group's continued development.

    • We strive to make our products contribute to sustainable development when they are used by the customer Energy efficiency, eco-design and lifecycle thinking are important keywords for us.
    • Our products must fulfil agreements and legal norms and standards regarding health and safety during use.
    • We have relevant and clear information about safe and environmentally adapted installation, use, maintenance, storage and final disposal.
    • We ensure that the customer gets fast responses to product questions and requests for information.
  • Our business principles

    7. Social commitment

    At NIBE we are involved in the networks and communities in which we operate.

    • Where possible we should engage with the communities where we have operations and strive to appoint and develop local employees and managers.
    • We must inform the next generation of our processes and products so that they apply for jobs with our company.
    • We must be active in development collaborations with industrial networks, universities and research institutions.
    • We must prioritise grants and sponsorship agreements that benefit the places where we work and support our values and strengthen the relationships with customers and partners.
    • We do not contribute to or involve ourselves with political parties, politicians or political organisations.
  • Our business principles

    8. Transparency

    NIBE's communication is straight forward, honest and follows applicable legislation, regulations and standards.

    • We maintain close relationships with our stakeholders and communication is based on regular contact, clarity and good ethics.
    • We keep our shareholders informed about the Group's operations, results and strategies. This occurs in accordance with the rules for those stock exchanges on which NIBE shares are listed.
    • All employees must respect the applicable regulations regarding confidentiality of information that is owned by the company and our business partners. This also applies to information that could potentially affect NIBE's competitiveness, share price and long-term survival.
  • Our business principles

    Zero tolerance and continuous improvement


    We have a zero tolerance approach to breaches of key areas of the Code of Conduct.


    This applies, for example, to compliance with the application of human rights and issues such as bribery, corruption and competition law.


    In the other areas we work systematically and purposefully with continuous improvements.

  • Our business principles

    The Group's responsibility

    The Group President and CEO has the overall responsibility for the application of Our Values. The Group's Sustainability Council and sustainability team support these efforts.

    The Group does regular follow-ups and risk assessments of how Our Values are applied. Development and performance are reported in the annual and sustainability reports. Compliance is maintained by the sustainability audits.

    The management system for quality, the environment and working environment helps make Our Values becoming a reality. Such systems must therefore be in place at all units.

  • Our business principles

    Our Values in daily life

    Daily responsibility for how Our Values are applied is delegated to the managers in the Group companies. The Code of Conduct and policy must be included in the company's internal training programs for both new employees and those already working within the companies. Managers must behave in such a way that they set an example in the application of the rules.

    Our business partners are also expected to follow Our Values.

  • Our business principles

    Your responsibility

    Work within the Group is based on responsibility, transparency, ethical behaviour, respect for the interests of our stakeholders, and applicable legislation.

    You are expected to live up to the guidelines in Our Values.

    It is also everyone's responsibility to help each other to follow Our Values

  • Our business principles

    More information

    If you work within the Group you can find Our Business Principles, Our Values, policies, guidelines and checklists on the Group intranet, one.nibe.net. Our Values is available in many languages. NIBE's annual report and sustainability report provide information on how we realise Our Values in our work.

    We refer external stakeholders to www.nibe.com where they can access Our Business Principles, Our Values, Code of Conduct, relevant policies, the annual report and the sustainability report.

NIBE Group – A global Group with companies and a presence worldwide

NIBE Industrier AB (publ) Box 14, 285 21 Markaryd · VISITING ADDRESS Hannabadsvägen 5, Markaryd · [email protected] · +46 (0)433 27 30 00