NIBE's Vision
We want our world-class sustainable energy solutions to contribute to a faster transition to a resourceefficient and fossil-free society.
Our brand promise is to create world-class solutions in sustainable energy.
Business idea
Offering the market sustainable, high-quality, innovative, energy-efficient products and system solutions within our three business areas.
Our mission
We are committed to working every day in the most effective way to develop world-class solutions in sustainable energy.
Our position
A large market with room to grow
NIBE has a strong market position in both Europe and North America in all three of the Group’s business areas. Our ambitious growth targets stem from our view that there is still great potential for both organic and acquisition-driven growth on a global scale.
Business focus meets vision
By purposefully developing our product portfolio so that we can actively contribute to the transition to increased renewable energy technologies and improved energy efficiency, we have the opportunity to meet demand and achieve our vision.
A healthy corporate culture
Our background in Småland, Sweden, with a long tradition of high productivity, good quality and efficient cost control, means that we have a trust-based, decentralised organisation that has great flexibility to successfully meet the new or varied demands and conditions of the market.
The Group's common targets
Financial targets for long-term positive development
Growth 20%
Average year-on-year growth shall be 20%, half organic and half acquired.
Operating profit 10%
The operating profit for each business area and for the Group shall be at least 10% of sales over a full business cycle.
Return on equity 20%
Return on equity over a business cycle shall be at least 20%.
Equity ratio 30%
The equity/assets ratio shall not fall below 30%.
Sustainability goals for a responsible business
Increased climate benefit in our product portfolio
The target is for 60% of our sales to consist of LCE classified products by the end of 2021.
Continuously declining energy use
The target is to reduce energy use 40% by 2030 compared with 2019 as the baseline (measured in MWh/SEK million in sales) and then reduce it even further.
A safe workplace with no accidents
Our long-term goal is zero accidents, of course, even though this is difficult to achieve. The interim target is an accident frequency of fewer than six accidents by the end of 2023.
Ensuring systematic quality and environmental initiatives
The long-term goal is for 100% of our production units to have certified management systems for ISO 9001 and ISO 14001.
Reduce CO2 emissions between 2019 and 2030
We have set a target of reducing our direct (scope 1) and indirect (scope 2) carbon dioxide emissions by 65% by 2030 compared with the baseline year 2019. The target is linked to our climate and environment focus areas as well as use of our energy-efficient products that use renewable energy in the operations.
Our sustainable value creation contributes to the UN Global Goals for Sustainable Development
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.
UN SDG Goals
(Sustainable Development Goals)
Goal 7. Ensure access to affordable, reliable, sustainable and modern energy for all
Goal 8. Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Goal 9. Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
Goal 11. Make cities and human settlements inclusive, safe, resilient and sustainable
NIBE’s actions
Increase the proportion of products based on renewable energy and meet the market’s need for efficient and clean energy solutions.
Promote a safe and secure working environment, protect workers’ rights and ensure decent working conditions in both their own activities and in the supply chain, along with protecting jobs and growth.
Make production more sustainable by using resources efficiently, using clean and eco-friendly technologies, and providing resources for research and development.
Provide resource-efficient and climate-adapted components, products and solutions that contribute to sustainable cities and secure infrastructure.
UN SDG Goals
(Sustainable Development Goals)
Goal 12. Ensure sustainable consumption and production patterns
Goal 13. Take urgent action to combat climate change and its impacts.
Goal 16. Promote peaceful and inclusive societies for sustainable development, provide access to justice for all and build effective, accountable and inclusive institutions at all levels
NIBE’s actions
Apply sustainable methods of chemical management and reduce emissions to air, water and soil. Economise resources, minimise waste, recycle and reuse more. Report sustainability information transparently in our reporting cycle.
Reduce carbon footprint through the use of renewable energy in operations and product design.
Respect and maintain national and cross-border legislation, and actively work against all forms of corruption.Create systems for internal control of compliance with legislation and ethical business principles.