Demant
ESRS disclosure
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- Has the undertaking established GHG emission reduction targets, and if so, are these targets disclosed in absolute terms (either in tonnes of CO2eq or as a percentage of the emissions of a base year) and, where applicable, in intensity value?
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Question Id: E1-4_14
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.
Report Date: 4Q2024Relevance: 90%
- Has your company established greenhouse gas emission reduction targets? If so, disclose the absolute value of these targets in terms of Scope 3 emissions, either in tonnes of CO2 equivalent or as a percentage relative to a base year. Additionally, provide intensity values where applicable.
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Question Id: E1-4_15
Demant has established GHG emission reduction targets. The targets are disclosed as a percentage relative to a base year:
- Reducing absolute scope 3 GHG emissions by 46% by 2030 from a 2019 baseline year.
- Long-term targets include reducing absolute scope 3 GHG emissions by 90% by 2050 from a 2019 baseline year.
Report Date: 4Q2024Relevance: 85%
- Has your company established targets for reducing greenhouse gas emissions, specifically in terms of Scope 3 emissions, and if so, what is the percentage reduction relative to the emissions of the base year?
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Question Id: E1-4_16
Demant commits to reducing absolute scope 3 GHG emissions by 46% by 2030 from a 2019 baseline year. Long-term targets include reducing absolute scope 3 GHG emissions by 90% by 2050 from a 2019 baseline year.
Report Date: 4Q2024Relevance: 100%
- Has your company established greenhouse gas emission reduction targets, and if so, are these targets disclosed in absolute terms (either in tonnes of CO2 equivalent or as a percentage of emissions from a base year) and, where applicable, in intensity value?
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Question Id: E1-4_17
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.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed explanation of how your organization ensures the consistency of its greenhouse gas (GHG) emission reduction targets with the established GHG inventory boundaries. This should include a disclosure of targets for Scope 1, 2, and 3 GHG emissions, whether reported separately or combined. If targets are combined, specify which GHG emission scopes are covered, the proportion related to each scope, and the specific GHGs included. Confirm that these targets are gross targets, excluding GHG removals, carbon credits, or avoided emissions as methods to achieve the reduction targets, in accordance with Disclosure Requirement E1-6.
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Question Id: E1-4_18
Demant submitted its climate targets for validation to the SBTi in 2021, using 2019 as the baseline year, since it provided the latest available data before coronavirus disrupted business operations. Demant does not consider GHG emissions removals, carbon credits and avoided GHG emissions as means of achieving the required GHG emissions levels in the near or long term. Aligned with the Greenhouse Gas Protocol, the GHGs considered in the targets are:
- Carbon dioxide – CO2
- Methane – CH4
- Nitrous oxide – N2O
- Hydrofluorocarbons – HFCs
- Perfluorocarbons – PFCs
- Sulphur hexafluoride – SF6
- Nitrogen trifluoride – NF3
Regarding the link between the climate targets and the decarbonisation levers, for the near-term target in scope 1 and 2, the energy consumption reduction and efficiency in own operations (lever 1), along with the phase-in of renewable electricity for own operations (lever 2), will enable the required reduction by 2030.
Report Date: 4Q2024Relevance: 65%
- Has the undertaking set GHG emission reduction targets, and if so, what is the current base year and baseline value? Additionally, from 2030 onwards, has the undertaking updated the base year for its GHG emission reduction targets every five years? Furthermore, is there any past progress made in meeting these targets before the current base year, and is this information consistent with the requirements of this Standard?
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Question Id: E1-4_19
Demant submitted its climate targets for validation to the SBTi in 2021, using 2019 as the baseline year, since it provided the latest available data before coronavirus disrupted business operations.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of the methods employed to ensure that the baseline value, used for measuring progress towards climate change mitigation and adaptation targets, accurately represents the activities covered and accounts for external influences. Include considerations such as temperature anomalies affecting energy consumption and related greenhouse gas emissions. Specify whether normalization of the baseline value or the use of a 3-year average was applied to enhance representativeness and achieve a more faithful representation.
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Question Id: E1-4_20
Demant submitted its climate targets for validation to the SBTi in 2021, using 2019 as the baseline year, since it provided the latest available data before coronavirus disrupted business operations.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed explanation of how the newly established baseline value influences the revised target, its attainment, and the depiction of progress over time. Ensure that any changes to the baseline value or base year are justified by significant alterations in either the target or the reporting boundary. Additionally, confirm that the selected base year for new targets does not precede the first reporting year of the new target period by more than three years, to maintain comparability.
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Question Id: E1-4_21
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. For 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. The targets were validated by the SBTi in July 2023. The selected base year for new targets is 2019, which does not precede the first reporting year of the new target period by more than three years.
Report Date: 4Q2024Relevance: 60%
- Has the undertaking established GHG emission reduction targets that are science-based and aligned with the objective of limiting global warming to 1.5°C? Specify the framework and methodology utilized to determine these targets, including whether they follow a sectoral decarbonisation pathway. Detail the underlying climate and policy scenarios, and confirm if the targets have undergone external assurance. Additionally, provide a concise explanation of how future developments, such as changes in sales volumes, shifts in customer preferences and demand, regulatory factors, and new technologies, have been considered in setting these targets and their potential impact on both GHG emissions and emissions reductions.
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Question Id: E1-4_22
Demant submitted its climate targets for validation to the SBTi in 2021, using 2019 as the baseline year. The targets 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. The target-setting methodology uses a cross-sector pathway and market-based accounting approach. Future developments are considered as 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.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed description of the expected decarbonisation levers and their overall quantitative contributions towards achieving the GHG emission reduction targets, as outlined in Disclosure Requirement E1-4 concerning climate change mitigation and adaptation. Include specific strategies such as energy or material efficiency, consumption reduction, fuel switching, utilization of renewable energy, and the phase-out or substitution of products and processes.
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Question Id: E1-4_23
Lever 3: Vehicle fleet electrification - In 2024, the Sustainability Board approved a new plan to speed up electrification of Demant’s vehicle fleet, replacing internal combustion engine vehicles with electrical vehicles. Phase one is expected to avoid the emission of 2,675 tonnes of CO2 in 2030. Lever 4: Supplier engagement programme - In 2024, the Hearing Aids business area launched a new supplier engagement programme to collect primary data from the category of purchased goods and services. Lever 5: Use of less climate-intensive transport modes - The Diagnostics business area set a target for 5% GHG emissions reduction in 2024 compared to 2023. They exceeded the target by 11% and reduced transportation emissions intensity from 0.14 kg CO2e/DKK spent in 2023 to 0.11 kg CO2e/DKK spent in 2024.
Report Date: 4Q2024Relevance: 60%