Our Sustainability Policy sets the direction within climate change mitigation and adaptation for all Demant entities and is publicly available on Demant’s website. To steer the organisation towards the achievement of our climate targets, the Policy describes roles, responsibilities and actions to tackle GHG emissions in our own operations and value chain:

• Avoiding the use of unnecessary energy and increasing energy efficiency in our operations
• Substituting internal combustion vehicles with electric vehicles
• Using renewable electricity in own operations
• Focusing on the scope 3 categories where the impact is biggest.

The Policy also lays down the Group’s expectations for relevant business-critical locations regarding the adaptation to climate change-related natural disasters.

Demant's Transition Plan currently focuses on five decarbonisation levers, each including one or more mitigation actions:

1. Energy consumption reduction and efficiency in own operations

   • Mitigation actions: Decrease in energy consumption, Increase in energy efficiency
   • Time horizon: From short to long term
   • Geographical scope: Global

2. Renewable electricity for own operations

   • Mitigation actions: Use of on-site renewable electricity, Use of off-site renewable electricity
   • Time horizon: From short to medium term
   • Geographical scope: Global

3. Vehicle fleet electrification

   • Mitigation actions: Transition to electric vehicles for already existing fleet in six prioritised European countries, Transition to electric vehicles for fleet in remaining countries
   • Time horizon: From short to long term
   • Geographical scope: Global

4. Supplier engagement programme

   • Mitigation actions: Setting a supplier target for improvement of the environmental performance of purchased goods and services
   • Time horizon: From short to medium term
   • Geographical scope: Global (determined by the location of the suppliers onboarded to the programme)

5. Use of less climate-intensive transport modes

   • Mitigation actions: Shift from air freight transport to less climate intensive transport modes
   • Time horizon: From short to long term
   • Geographical scope: To be determined

The plan does not explicitly mention the incorporation of nature-based solutions.

Demant's Transition Plan is under constant development, and new levers will be added over time, especially with a view to reducing scope 3 GHG emissions, as new information becomes available. The financial resources required for the implementation of the decarbonisation levers and their relation to the financial statements are yet to be determined, as this depends on further defining the decarbonisation levers and their mitigation actions. The document does not specify whether the solutions are nature-based, engineering, or technological, nor does it quantify the anticipated financial effects from material physical and transition risks.

The financial resources required for the implementation of the decarbonisation levers and their relation to the financial statements are yet to be determined, as this depends on further defining the decarbonisation levers and their mitigation actions. The document does not explicitly discuss the extent to which the company's ability to implement actions depends on the availability and allocation of resources, nor does it address the impact on adjustments to supply/demand changes, acquisitions, and significant R&D investments.

The financial resources required for the implementation of the decarbonisation levers and their relation to the financial statements are yet to be determined, as this depends on further defining the decarbonisation levers and their mitigation actions.

The financial resources required for the implementation of the decarbonisation levers and their relation to the financial statements are yet to be determined, as this depends on further defining the decarbonisation levers and their mitigation actions. The document does not provide a detailed explanation of how CapEx and OpEx relate to the key performance indicators as mandated by Commission Delegated Regulation (EU) 2021/2178.

The financial resources required for the implementation of the decarbonisation levers and their relation to the financial statements are yet to be determined, as this depends on further defining the decarbonisation levers and their mitigation actions. The document does not provide a detailed explanation of how CapEx and OpEx relate to the capital expenditure plan as mandated by Commission Delegated Regulation (EU) 2021/2178.

As part of Demant’s climate commitment, we have set targets for reducing our GHG emissions, which align with the Paris Agreement’s goal of limiting the global temperature increase to 1.5°C by the end of the century. The targets were validated by the SBTi in July 2023 and are described below:

Near-term targets:

• Demant commits to reducing absolute scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 baseline year. Demant also commits to reducing absolute scope 3 GHG emissions by 46% within the same timeframe.

Long-term targets:

• Demant commits to reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 baseline year. Demant also commits to reducing absolute scope 3 GHG emissions by 90% within the same timeframe.

Overall net-zero targets:

• As an additional step in the efforts towards climate change mitigation, Demant commits to reaching net-zero GHG emissions across the value chain by 2050 from a 2019 baseline year.

Demant has established GHG emission reduction targets. The targets are disclosed as a percentage relative to a base year:

• Reducing absolute scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 baseline year.
• Reducing absolute scope 3 GHG emissions by 46% within the same timeframe.
• Long-term targets include reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 baseline year and reducing absolute scope 3 GHG emissions by 90% within the same timeframe.

Demant has established GHG emission reduction targets. The targets are disclosed as a percentage relative to a base year:

• Reducing absolute scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 baseline year.
• Reducing absolute scope 3 GHG emissions by 46% within the same timeframe.
• Long-term targets include reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 baseline year and reducing absolute scope 3 GHG emissions by 90% within the same timeframe.