201 Economic Performance

103 - Generic Disclosures on Management Approach

See Annual report page for details concerning our management approach within the economic area, including 201-1, 2, 3 and 4.

201-1 - Direct ecenomic value generated and distributed

See Annual report. page 13.

201-2 - Financial implications and other risks and opportunities due to climate change

Extreme weather conditions in the form of storms, flooding and extreme heat or cold represent a risk of damage to property and entail an increased risk of damage to the environment in the form of spills, unplanned discharges and leakage. They could also lead to stop in production and lowered delivery capacity.

Risks of damage and loss can be minimized using NIBE risk analyses and preventive measures and by being prepared. NIBE has global insurance cover for major losses caused by natural disasters. We see business opportunities as many of our products contribute to the transition to a less carbon intense society.

201-3 - Defined benefit plan obligations and other retirement plans

See Annual report page 99.

201-4 - Financial assistance received from government

Not reported.