NIBE's Vision
Our sustainable world-class energy solutions contribute to a faster transition to a resourceefficient and fossil-free society.
Brand promise
World-class solutions in sustainable energy
Business idea
To provide the market with sustainable, highquality, innovative and energy-efficient products and solutions within our three different business areas.
Our mission
To daily work wisely and with dedication in order to develop sustainable, world-class energy solutions
The Group's common targets
Financial targets
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
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.
Goal 7
Ensure access to affordable, reliable, sustainable and modern energy for all
NIBE’s actions
Increase the proportion of products based on renewable energy and meet the market’s need for energy-efficient and clean energy solutions.
Goal 8
Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all
NIBE’s actions
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
Build resilient infrastructure, promote inclusive and sustainable industrialisation and foster innovation
NIBE’s actions
Make production more sustainable by using resources efficiently, using clean and eco-friendly technologies, and providing resources for research and development.
Goal 11
Make cities and human settlements inclusive, safe, resilient and sustainable
NIBE’s actions
Provide resource-efficient and climate-adapted components, products and solutions that contribute to sustainable cities and secure infrastructure.
Goal 12
Ensure sustainable consumption and production patterns
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.
Goal 13
Take urgent action to combat climate change and its impacts.
NIBE’s actions
Reduce carbon footprint through the use of renewable energy in operations and product design.
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
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.
Our vision is to create world-class solutions in sustainable energy means an interaction between economy, social factors and the environment.
The Management Philosophy is summarized in Our Business Principles and Our Values.
Our Business Principles
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.
Read more here »
Our Values
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.