Demant's Transition Plan consolidates the existing climate change mitigation plans and initiatives and details the different mitigation actions set by the Group to reduce the GHG emissions and reach our climate targets aligned with the Paris Agreement. The benchmarks provide a roadmap to ensure that company activities are consistent with the Paris Agreement’s objectives, particularly the goal of limiting the global temperature rise to 1.5°C above pre-industrial levels.

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.