Enhancing lives, contributing to a healthier planet

We are pleased to present the third edition of “Welcome to the Nice Future”, our Nice Sustainability Report, highlighting the crucial role of sustainability in our business strategy and the cultural transformation within our operations over the past year.

Letter to our stakeholders

Dear Stakeholders,

We are pleased to present the third edition
of “Welcome to the Nice Future”, our Nice Sustainability Report, highlighting the crucial role of sustainability in our business strategy and the cultural transformation within our operations over the past year.

We have evolved from merely producing devices to crafting memorable brand experiences for our customers. Our solutions are designed with the user in mind, adding value that goes beyond functionality. At Nice, our solutions contribute to creating living spaces that enhance quality of life, by leveraging technology to reduce stress and complications, ensuring peace of mind, and promoting more sustainable living—this vision drives us every day.

The Nice Sustainability Report reflects our commitment to transparency with stakeholders as we move forward in our journey.

2023 marked our 30th anniversary, amidst new challenges influenced by global conflicts and geopolitical tensions. We’ve continued to evolve, expanding our presence in major international markets.

We continued with the consolidation of our operations in North America following the 2021 acquisition of Nortek Security & Control, now Nice North America. This strategic move strengthened our Home Management Solution portfolio and created a team where approximately 30% of Nice’s workforce now operates.

The group initiated a true Business Transformation fuelled by digitalization, internal processes optimization, and new technologies for new ways of working. These efforts aim to improve our capabilities, creating additional value for partners and customers.

On our 10th anniversary in Brazil, we inaugurated the Limeira Headquarters, an industrial hub integrated into the Nice ecosystem, and a Smart Factory, serving as a strategic growth point for the Country and Latin America.

Our vision extends beyond business, with sustainability and innovation as our guiding principles. We aim to cut our carbon footprint by 2030, ultimately reaching Net Zero by 2050. Energy efficiency is a key focus and the consistency of the path we have taken is demonstrated by results: in 2023, our certified green energy consumption reached 40% of our total energy usage—a significant step toward achieving 100% renewable energy by 2030.

Moreover, Nice has embraced a circular economy approach, achieving substantial waste recycling from industrial plants (83% in 2023) and supported Open Innovation projects with startups and universities to identify biobased materials to replace some plastic components of garage door and gate automations, and explore new business models for refurbished automation solutions.

Our goal remains consistent and is to foster a culture of sustainable performance, with people driving our company towards a better future. Thank you for your continued support in this direction, and for your partnership in shaping a world where homes are not just spaces, but transformative experiences. We look forward to sharing more milestones with you in the next editions of our Nice Sustainability Report.
Wishing you a fruitful reading and an inspiring journey ahead.

Lauro Buoro
Chairman and Founder of Nice S.p.A.