Demant
ESRS disclosure
Tags Tree
- Provide a comprehensive description of the scope, main features, and components of your organization's risk management and internal control processes and systems as they pertain to sustainability reporting.
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Question Id: GOV-5_01
Demant’s sustainability reporting risk management framework is designed to identify, assess and manage risks related to sustainability reporting. Key risk factors include regulatory compliance, data accuracy and stakeholder expectations. A comprehensive risk assessment process is employed, involving regular reviews and updates. Through this process, it is ensured that all identified potential risks are adequately addressed based on the scoping of material sustainability topics identified in the double materiality assessment.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the risk assessment approach employed, specifically outlining the methodology used for risk prioritization, as per Disclosure Requirement GOV–5 concerning risk management and internal controls over sustainability reporting.
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Question Id: GOV-5_02
The identified risks are assessed as either high, medium or low. The sustainability reporting risk categorisation is based on inherent reporting risks, such as completeness and accuracy of the data. High risks have a higher prioritisation than medium and low risks.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the primary risks identified in your sustainability reporting processes and the strategies implemented to mitigate these risks, including any related control measures.
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Question Id: GOV-5_03
The main reporting risks are related to completeness and accuracy of the data submitted. The Sustainability Board receives updates on a quarterly basis and includes any findings in the internal control framework related to sustainability reporting and how to mitigate risks.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of how your organization incorporates the findings from its risk assessment and internal controls concerning the sustainability reporting process into its relevant internal functions and processes.
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Question Id: GOV-5_04
Through the comprehensive risk assessment process, involving regular reviews and updates, Demant ensures that all identified potential risks are adequately addressed based on the scoping of material sustainability topics identified in the double materiality assessment.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the periodic reporting of findings from risk assessments and internal controls over sustainability reporting to the administrative, management, and supervisory bodies, as outlined in Disclosure Requirement GOV–5.
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Question Id: GOV-5_05
The Sustainability Board receives updates on a quarterly basis and includes any findings in the internal control framework related to sustainability reporting and how to mitigate risks.
Report Date: 4Q2024Relevance: 80%
- Provide a detailed description of the methodologies and assumptions applied in the process to identify and assess material impacts, risks, and opportunities as per Disclosure Requirement IRO-1.
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Question Id: IRO-1_01
In 2023, a comprehensive double materiality assessment process was executed. The assessment methodology involved the development of a DMA tool for description and scoring of IROs, including setting thresholds for impact and financial materiality. More than 50 IROs were identified, with documentation and descriptions including specifications of their nature and where in the value chain an IRO occurs. Further analysis considered geographies with elevated potential impacts or risks, and assessment of impact and financial materiality of all IROs through scoring workshops with relevant stakeholders. A shortlist of material IROs was further qualified with relevant internal stakeholders.
Report Date: 4Q2024Relevance: 90%
- Provide a comprehensive overview of the process your organization employs to identify, assess, prioritize, and monitor potential and actual impacts on people and the environment. This should be informed by your due diligence process. Include an explanation of whether and how this process is implemented.
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Question Id: IRO-1_02
The process involves desktop analysis and interviews with approximately 40 internal stakeholders selected based on their ability to represent affected internal and external stakeholders and their insight into the business. More than 50 IROs were identified, with documentation including specifications of their nature and where in the value chain an IRO occurs. The process includes further analysis of IROs, considering geographies with elevated potential impacts or risks, and assessment of impact and financial materiality through scoring workshops with relevant stakeholders. A shortlist of material IROs was further qualified with relevant internal stakeholders.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the process your company employs to identify, assess, prioritize, and monitor potential and actual impacts on people and the environment. This should include an explanation of whether and how this process focuses on specific activities, business relationships, geographies, or other factors that lead to an increased risk of adverse impacts, as informed by your due diligence procedures.
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Question Id: IRO-1_03
The process includes desktop analysis and interviews with stakeholders, identification of more than 50 IROs, and documentation specifying their nature and where in the value chain an IRO occurs. Further analysis considers geographies with elevated potential impacts or risks, and assessment of impact and financial materiality through scoring workshops with relevant stakeholders. The process specifically considers whether an IRO is the result of own operations or business relationships.
Report Date: 4Q2024Relevance: 85%
- Provide a comprehensive description of the process your organization employs to identify, assess, prioritize, and monitor potential and actual impacts on people and the environment. This should be informed by your due diligence process and include an explanation of whether and how this process considers impacts arising from your own operations or as a result of your business relationships.
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Question Id: IRO-1_04
The process involves desktop analysis and interviews with stakeholders, identification of more than 50 IROs, and documentation specifying their nature and where in the value chain an IRO occurs. Further analysis considers geographies with elevated potential impacts or risks, and assessment of impact and financial materiality through scoring workshops with relevant stakeholders. The process considers whether an IRO is the result of own operations or business relationships.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed account of the process employed to identify, assess, prioritize, and monitor potential and actual impacts on individuals and the environment. This should be informed by the undertaking's due diligence process. Specifically, elucidate whether and how this process incorporates consultation with affected stakeholders to comprehend their potential impacts, as well as engagement with external experts.
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Question Id: IRO-1_05
The process includes desktop analysis and interviews with approximately 40 internal stakeholders selected based on their ability to represent affected internal and external stakeholders. Consultation of stakeholders involves presenting process and material IROs to industry peers, the Executive Leadership Team, the Audit committee, and the Board of Directors for approval of material IROs.
Report Date: 4Q2024Relevance: 75%