NIBE’s business model is based on developing our product portfolios to actively contribute to the transition to increased renewable energy technology and improved energy efficiency.
NIBE is a global player with a presence in several international markets, including the Nordic countries, Europe and North America. Our products are mainly aimed at the following customer categories: private individuals looking for sustainable heating solutions for their homes, commercial property owners and industrial customers within manufacture and infrastructure. Our entire business is classified within the “Machinery & Equipment” sector, and total revenue in this sector is the same as the Group’s total revenue.
Our key resources, which contribute to our value creation, are our employees, materials in the form of metals and plastics, and electronic components The products are designed, processed and assembled at our facilities, where we also carry out surface treatment prior to distribution. Distribution primarily takes place via wholesalers, B2B or directly for installation in properties.
We rely on close collaboration with key actors in the value chain, including industrial partners, OEM, installation companies, structural engineers and specialized trade, for the delivery of the majority of our solutions. These collaborations play a central role in ensuring our products reach the market.
We provide innovative indoor climate and industrial heating solutions through the three business areas listed below.
NIBE Climate Solutions: Energy-efficient and intelligent products that increase climate control, improve indoor climate and enables efficient heating of hot water. Our solutions contribute towards reducing the energy consumption and climate impact of properties without compromising on comfort.
NIBE Element: An industrial partner that supplies customized components and intelligent solutions for heating and control. Our product groups promote energy efficiency, optimize energy consumption and reduce the carbon footprint.
NIBE Stoves: Energy-efficient stoves that meet different heating needs and design requirements. By replacing older stoves with modern alternatives, we significantly reduce our environmental impact.
Long-term strategy
Our long-term strategy focuses on supplying the market with world-class, sustainable energy solutions, which has a positive impact on societal energy efficiency and contributes to the transition to a more sustainable society and reduced climate impact. We support the UN’s 17 sustainable development goals (SDG) in Agenda 2030 in their entirety and have chosen to focus more on seven of the goals that are clearly linked to our goals and action plans and that we believe we can influence.
A fundamental aspect of our business strategy is to ensure good working conditions for our workforce, enabling our employees to continue working at NIBE for a long time. We do this by introducing a health and safety management system at all our Group companies. It is also of strategic importance to minimize our own climate impact and support our customers in reducing their GHG emissions, which has a direct positive impact on mitigating climate change. As part of our strategy, our goal is for a significant portion of our turnover to come from products classified as lower-carbon economy (LCE) (see ESRS E1). Our other goals cover the entire business and include all employees
Value creation for stakeholders
Our intelligent and energy-efficient solutions contribute to our customers being able to reduce their energy consumption, while health and safety at work and reduced risks of work-related injury improve our employees’ commitment, health and productivity. We ensure good and healthy working conditions by collaborating with our suppliers and requiring compliance with our Code of Conduct.
We focus on innovation and development of products that strengthen our competitiveness and contributes to global climate goals. We create long-term value for our shareholders by prioritizing sustainable energy solutions, increased energy efficiency and profitability.