Climate strategy
One of the biggest challenges involved in achieving a global sustainable society is to reduce emissions of greenhouse gases and slow down the current rate of climate change. There is clear scientific evidence that climate change is causing natural disasters and extreme weather conditions, reducing biodiversity, threatening our living standards and undermining political stability in society.
Investments and funding for the implementation of the transition plan
NIBE carries out investments supporting the implementation of our transition plan in the form of taxonomy-aligned capital expenditure and operating expenditure related to e.g. the taxonomy activities Installation, maintenance and repair of renewable energy technologies and Manufacture of energy efficiency equipment for buildings. The latter activity includes investments in facilities manufacturing the products referred to in our transition plan above, but also taxonomy-aligned investments in our buildings.
Potential locked-in GHG emissions
Merparten av våra produkter drivs av el vilket innebär en elkonsumtion för våra kunder.
The majority of our products are powered by electricity, which involves electricity consumption by our customers. However, we do not consider this to comprise locked-in emissions because the customer is able to make an active choice to use electricity with lower carbon dioxide emissions. Additionally, we predict that most the world’s electricity grids will move to a higher proportion of renewable electricity in the coming years. A small proportion of our products comprise products that can run on fossil fuels, e.g. gas-fired stoves. In these cases we foresee a larger challenge concerning locked-in emissions, which will partly limit our opportunities to reduce our Scope 3 emissions in the short- to medium-term.
The transition plan is part of the business plan
Our transition plan is included in and adapted to our overall business strategy and vision, which is to provide sustainable, world-class energy solutions that contribute to a faster transition to a resource-efficient and fossil-free society. The transition plan is a work in progress and although we have made progress in the form of reductions of our GHG emissions, we still have much to do. At the end of 2024, energy mapping had been carried out for 44% of our production facilities, corresponding to around 80% of our total energy use. The transition plan has been approved by both NIBE’s Sustainability council and the Board of Directors of NIBE Industrier AB.
NIBE is not excluded from Paris-aligned Benchmarks. This means we are aligned with the sustainability criteria set out in the Climate Benchmark Standards Regulation.
