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. It is important to highlight that fleet electrification (lever 3) is a complementary effort to ensure that the GHG emissions reduction takes place as soon as possible and that the fossil fuel emissions from the fleet are controlled and do not jeopardise the near-term target. For the near-term target in scope 3, the relevance of each lever still needs to be assessed.

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.