• Our Values

    Our Values gives guidance in how we see issues affecting sustainable development. We have separated them into eight areas that we call our Code of Conduct.

  • Business Principles


    Our vision is to create world-class solutions in sustainable energy means an interaction between economics, social factors and the environment.

  • Business Principles

    1. Respect for human rights

    • We treat all employees fairly, worthily and with respect.
    • We value and develop diversity among our employees.
    • We do not give any one special treatment* regarding their employment or duties.
    • We do not harass, threaten or discriminate against colleagues or business partners.
    • We respect the right of the employees to organise and negotiate a collective agreement. We also respect the right of an employee to refuse to join a union.
    • We do not permit child labour, illegal labour or forced labour.
    • We ensure that employees under 18 years of age do not carry out risky work. *Special treatment may for example refer to gender, religion, age, disability, sexual orientation, nationality, political affiliation or social or ethnic orig
  • Business Principles

    2. Good working conditions

    We offer good working conditions and opportunities for personal development

    • We create good relations with our employees and expect involvement in the company's development.
    • We offer employees the opportunity to develop knowledge and skills in order to increase their professional abilities and to strengthen their personal and economic development.
    • We do not compromise on health and safety issues.
    • We take preventative measures to reduce the risk of accidents and work injuries.
    • We pay wages and remuneration according to agreements and according to legislation and regulations. We reward good performance and extraordinary efforts.
  • Business Principles

    3. Reduced environmental impact

    We consider the environment at every stage of our value chain

    • Our long-term strategy is to create world-class, sustainable energy solutions and help make society more sustainable.
    • We live as we learn, which means increased use of renewable energy, conserving natural resources, reduced emissions to air and water, and reduced waste.
    • We have a comprehensive view of environmental issues from product development until the end of the product's useful life.
    • We identify risks to people and the environment and apply the precautionary principle*.

    *The precautionary principle means that in situations where we suspect environmental and health risks but do not have sufficient knowledge of these risks, we do not put off or ignore decisions on suitable protective measures.

  • Business Principles

    4. Good business ethics

    Business relationships and business methods are based on compliance with legislation and the application of good business ethics.

    • We require honesty and integrity in all parts of our operations and expect the same from our business partners.
    • Bribes are prohibited. All forms of remuneration to business partners must only be for actual goods or services.
    • Gifts and other benefits must not exceed local customs and must be in line with local legislation.
    • We must follow competition legislation and work for fair competition.
    • All employees must avoid conflicts of interests between private economic issues and the company's business operations.
    • All employees have the right to report economic and other inappropriate irregularities without the risk of negative personal consequences (whistle-blower principle).

  • Business Principles

    5. Responsible purchasing

    We make responsible purchases and place requirements on our suppliers.

    • We only work with suppliers who meet our Code of Conduct.
    • We make demands of our suppliers and evaluate them both before and during our collaboration.
    • Suppliers are encouraged to introduce a certified management system for quality, the environment and working environment.
    • We regularly follow up supplier performance. This may mean requests for improvement or termination of a collaboration.

  • Business Principles

    6. Product liability

    A product's function, quality, safety and environmental characteristics are the most important characteristics for the Group's continued development.

    • We strive to make our products contribute to sustainable development when they are used by the customer Energy efficiency, eco-design and lifecycle thinking are important keywords for us.
    • Our products must fulfil agreements and legal norms and standards regarding health and safety during use.
    • We have relevant and clear information about safe and environmentally adapted installation, use, maintenance, storage and final disposal.
    • We ensure that the customer gets fast responses to product questions and requests for information.

  • Business Principles

    7. Social commitment

    We are involved in the networks and communities in which we operate.

    • Where possible we should engage with the communities where we have operations and strive to appoint and develop local employees and managers.
    • We must inform the next generation of our processes and products so that they apply for jobs with our company.
    • We must be active in development collaborations with industrial networks, universities and research institutions.
    • We must prioritise grants and sponsorship agreements that benefit the places where we work and support our values and strengthen the relationships with customers and partners.
    • We do not contribute to or involve ourselves with political parties, politicians or political organisations.

  • Business Principles

    8. Transparency

    Communication is straight forward, honest and follows applicable legislation, regulations and standards.

    • We maintain close relationships with our stakeholders and communication is based on regular contact, clarity and good ethics.
    • We keep our shareholders informed about the Group's operations, results and strategies. This occurs in accordance with the rules for those stock exchanges on which NIBE shares are listed.
    • All employees must respect the applicable regulations regarding confidentiality of information that is owned by the company and our business partners. This also applies to information that could potentially affect NIBE's competitiveness, share price and long-term survival.
  • Business Principles

    Zero tolerance and continuous improvement

    We have a zero tolerance approach to breaches of key areas of the Code of Conduct.

    This applies, for example, to compliance with the application of human rights and issues such as bribery, corruption and competition law.

    In the other areas we work systematically and purposefully with continuous improvements.

  • Business Principles

    Our Values in daily life

    Daily responsibility for how Our Values are applied is delegated to the managers in the Group companies.


    The Code of Conduct and policy must be included in the company's internal training programs for both new employees and those already working within the companies. Managers must behave in such a way that they set an example in the application of the rules.up.

    Our business partners are also expected to follow Our Values.

BACKER EHP INC. · 4700 JOHN BRAGG HWY · MURFREESBORO, TN 37127 · TEL: +1 (615) 907-6900 · [email protected]

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