Our management philosophy is deeply rooted in eight basic ideas that constitute the foundation of all our operations and create the conditions for our continued success.
Although our top priority is profitability, which is essential to our ability to operate, we will never compromise on our values to achieve it.
Our attitude is that long-term profitability can only be based on respect for legislation, honesty, good relations and transparency. Our business principles are available in 20 languages.
Our business principles are available in 20 languages.
Our values are an important part of our management philosophy and our corporate culture, and they emphasise that we want to act as a responsible company in relation to the people near us, our external stakeholders and the environment.
Our values are firmly rooted in our long and proud tradition of responsible entrepreneurship.
We work consistently to communicate our core values to all employees in the Group.
Our values are available in 20 languages.
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. In a successful company there cannot be any compromises regarding issues such as profitability, quality, sustainable development and social responsibility. Being familiar with NIBE's Business Principles is important to all of us. This applies whatever your position in the Group.
I am convinced that Our Business Principles must give you necessary support in your everyday work. It is the everyday and practical application of these principles that creates the conditions for sustainable value creation within NIBE.
Gerteric Lindquist
Our vision is to create world-class solutions in sustainable energy.
Our business idea is to offer the market sustainable, high quality, innovative and energy efficient products and system solutions within the three different business areas.
The basis for this is the NIBE Group's wide expertise within product development, manufacture and marketing.
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 developmental workplace for the employees and have happy and secure customers.
Our operations must be characterised by transparency and responsibility.
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 appointments and an acquired unit in order to understand the company spirit and culture within NIBE.
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 on the issue of the application of the principles.
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 External link..
Our Business Principles are available in a large number of languages. NIBE's annual report and sustainability report give 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 vision is to create world-class solutions in sustainable energy means an interaction between economy, 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 sustainable value creation supports international initiatives.
By delivering long-term sustainable value to our customers, we are also able to maintain good profitability and help achieve the global development goals.
In line with our operational priorities and our assessments of where we can assert influence, we have chosen to work mainly with 6 of the 17 global goals in Agenda 2030 External link..
Our Values give you guidance in how NIBE sees issues affecting sustainable development*. We have separated them into eight areas that we call our Code of Conduct. Together with Our Business Principles they form the basis of our business operations.
Our Values also show the customers, suppliers owners and other stakeholders how we view these issues
*Sustainable development is about satisfying the needs of today without compromising the opportunities for future generations to meet their needs. One can see sustainable development as a balance between economy, social factors and the environment.
The Code of Conduct, together with the rules for company management and the Group's policies and guidelines, provides a framework for our operations. The code applies to employees, management and board members of NIBE, regardless of where in the world they are located. This also applies to all minority owned companies within NIBE.
The Code of Conduct also shows what we expect from our business partners.The Code of Conduct gives comprehensive guidance in eight areas.
PoliciesWithin a number of areas the Code of Conduct is supplemented by more detailed policies, guidelines and management systems.
At NIBE we treat all employees fairly, worthily and with respect.
*Special treatment may for example refer to gender, religion, age, disability, sexual orientation, nationality, political views or social or ethnic origin.
At NIBE we offer good working conditions and opportunities for personal development
*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.
At NIBE, business relationships and business methods are based on compliance with legislation and the application of good business ethics.
At NIBE we make responsible purchases and place requirements on our suppliers.
At NIBE the products' function, quality, safety and environmental characteristics are the most important conditions for the Group's continued development.
At NIBE we are involved in the networks and communities where we are active.
The Group President and CEO has the overall responsibility for the application of Our Values. As support there is the Group's Sustainability Council and the Group's Sustainability team.
The Group makes regular follow up and risk assessments of how Our Values are applied. Development and performance is reported in the annual and sustainable report. Compliance is maintained by the sustainability audits.
The management system for quality, environment and working environment contributes to Our Values becoming a reality. Such systems must therefore be in place at all units.
Daily responsibility for how Our Values are applied is delegated to the managers in the Group companies.
The Code of Conduct and policy must 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.
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.
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.
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 are available in a large number of languages. NIBE’s annual report and sustainability report give 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.