G - Governance

A healthy corporate culture characterized by transparency, integrity and accountability is crucial in order to prevent, detect and react to failure to comply with both laws and our values and policies.

In an international group it is of utmost importance to actively counteract the risk of corruption or other irregularities. NIBE is therefore continuously working to promote responsible business conduct among our employees, in respect of customers and suppliers, and in the communities in which we operate. Our values underpin this work.

 

NIBE Group's suppliers

NIBE’s work on responsible sourcing is designed to ensure that our ethical guidelines are followed by suppliers and sub-suppliers. The work forms part of the supplier evaluation and comprises areas such as health and safety, the environment, human rights, product legislation and ethical guidelines. For more information on our risk assessment and policies for this area, see S2 Workers in the value chain.

According to our guidelines, we should always strive to apply good business ethics, which means we should be honest, treat our business partners with respect and comply with the agreements we have entered into in respect of e.g. terms of payment

Corruption and bribery

Employees with email, Group management and Board members are considered to be most exposed to attempted corruption and bribery and therefore undergo anti-corruption training every two years via NIBE’s digital training platform. The training is part of our preventive work and covers:

 

  • various forms of corruption and bribery 
  • NIBE’s values
  • policies linked to this issue
  • the risks that exist
  • the consequences of corruption and bribery for both individuals, NIBE, our business partners and society at large.