NIBE's Vision
Our vision is to create world-class solutions in sustainable energy.
Our mission
Our mission is to offer the market high-quality, innovative, intelligent and energy-efficient products and system solutions through our three business areas.
The foundation for this is the NIBE Group’s wide-ranging capabilities in product development, manufacturing and marketing.
Our position
A large market with room to grow
NIBE has a strong market position in 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 we can actively contribute to the transition to fossil-free technologies and higher energy efficiency, we have good opportunities to meet demand and achieve our vision – to create world-class solutions in sustainable energy.
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.
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)
Ensure access to affordable, reliable, sustainable and modern energy for all
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
Make cities and human settlements inclusive, safe, resilient and sustainable
Ensure sustainable consumption and production patterns
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
Goal 7. Increase the proportion of products based on renewable energy and meet the market’s need for efficient and clean energy solutions.
Goal 8. 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.
Goal 9. Make production more sustainable by using resources efficiently, using clean and eco-friendly technologies, and providing resources for research and development.
Goal 11. Provide resource-efficient and climate-adapted components, products and solutions that contribute to sustainable cities and secure infrastructure.
Goal 12. 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.
Goal 16. 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.