205 Anti-corruption

103 - Generic Disclosures on Management Approach concerning anti-corruption

"We must comply with applicable legislation and have zero tolerance for bribery and corruption. We must also communicate honestly" is the essence of NIBE Sound Business ethics.

Our values is available at

NIBE has a Group policy on gifts, where employees get practical guidance concerning giving or accepting gifts, hospitality and other benefits. The policy is available on the intranet and the implementation is checked in connection to site visits.

Incidents and/or grievances are reported to Business area manager or anonymously through our Whistleblowing system, provided by a third party. 

205-1 - Operations assessed for risks related to corruption

NIBE has adopted a risk management tool to help its businesses manage their compliance risks. All companies within the Group use this tool to assess their risks.

NIBE has identified risk exposure for our sales and purchasing departments, and in B2B projects.

205-2 - Communication and training on anti-corruption policies and procedures

We provide a Group wide ethical business and anti-corruption e-learning. It is case based with realistic situations, where the attendant must take decisions how to act. It is effective as it involves the participant who gets immediate feedback.

3,755 (3,100) employees have completed our training at least once. The training is mandatory for all employees exposed to corruption risks in any form.

Besides the factual knowledge of legislation and how to act in certain situations, one goal of the program is to create awareness of the serious effects of unethical business behavior - for the individual, the company and society. Employees are also informed of their responsibility to seek advice and to report any situation that might occur.

205-3 - Confirmed incidents of corruption and actions taken

No incidents reported during 2017.