Tibber replaces traditional utilities with a digital energy deal and technology for smarter consumption of energy. Tibber’s vision is to make sustainable energy consumption simple and affordable for all households. This is made possible through their app that provides consumers with real-time analytics into energy usage, and that can be paired with a large variety of smart home devices to reduce energy consumption at home.
Tibber
Overview
Tibber at a glance
Key developments 2022
Tibber has been rated the second most sustainable brand in Norway, introducing product circularity with 100% of Tibber Pulse devices and conducted Life Cycle Assessment for additional.
Sector
Energy
Location
Norway
SDG aligment
Environmental
Carbon intensity: Tons CO₂e per EUR m revenue
Total tons CO₂ emitted
Change from '21-'22
2022
+0%
23 104
2021
12 465
Monetized climate impact
EURm
The figure represents the monetized value the company has on the environment. See chapter 4 for methodology.
Social
Full time employees
Turnover27%
Unadjusted gender pay gap12%
Gender balance, % females
%
Board
%
Management
%
All employees
Monetized employment impact
EURm
The figure represents the monetized value the company has as a quality employer. See chapter 4 for methodology.
Governance
Via Summa Compliance
%
✘ Code of conduct
✔ Supplier code of conduct
✘ Economic Sanctions
✘ Competition Law/Antitrust
✔ Data Protection/IT Security
✘ Anti-curruption
✔ Whistleblower
EU Taxonomy reporting
Tibber started EU taxonomy reporting process in February 2023.
What are the challenges Tibber addresses?
0%
increase of coal-generated electricity in Europe in 2021
0%
reduction in energy consumption needed to reach EU targets
How does Tibber help?
Reality today
GHG intensity of EU power generation is increasing due to continued use of fossil fuels as a source of energy.
Tibber approach
Tibber offers smart solutions and technology to provide full control of the consumer’s electricity consumption, allowing consumers to manage where and how much electricity is consumed, ultimately smoothing the grid load.
Aspirational future
Affordable and sustainable energy consumption for all European households.
What impact does Tibber create?
Share of energy purchases covered by GOs
2022
24%
Share of customers with solar installed
2022
6.6%
Who is impacted?
~400k customers in Norway, Sweden, the Netherlands and Germany are impacted directly by access to more effective and sustainable electricity consumption.
What are the impact considerations?
Additionality
Without Tibber, a significant amount of consumers would not have access to renewable energy, nor the tools available to reduce their energy consumption.
Risks
Given that Tibber is an electricity retailer, it cannot directly address the production of renewable energy and is relying on other parties for that. This brings a risk of Tibber not being able to deliver on its promise to provide its customers with clean energy.