Demant’s Transition Plan is under constant development, and new levers will be added over time, especially with a view to reducing our 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.

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.