Demant
ESRS disclosure: ESRS E1
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- Provide an explanation of how your company's greenhouse gas emission reduction targets align with the objective of limiting global warming to 1.5°C, as stipulated by the Paris Agreement, in accordance with Disclosure Requirement E1-1 regarding the transition plan for climate change mitigation.
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Question Id: E1-1_02
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.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the decarbonisation levers identified and the key actions planned within your transition plan for climate change mitigation. This should include references to your GHG emission reduction targets and climate change mitigation actions, as specified in Disclosure Requirements E1-4 and E1-3. Additionally, elucidate any changes anticipated in your product and service portfolio, as well as the adoption of new technologies within your operations or across the upstream and/or downstream value chain.
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Question Id: E1-1_03
Demant’s Transition Plan currently focuses on five decarbonisation levers, each including one or more mitigation actions:
Energy consumption reduction and efficiency in own operations
- Decrease in energy consumption
- Increase in energy efficiency
- Time horizon: From short to long term
- Geographical scope: Global
Renewable electricity for own operations
- Use of on-site renewable electricity
- Use of off-site renewable electricity
- Time horizon: From short to medium term
- Geographical scope: Global
Vehicle fleet electrification
- 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
Supplier engagement programme
- 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)
Use of less climate-intensive transport modes
- Shift from air freight transport to less climate intensive transport modes
- Time horizon: From short to long term
- Geographical scope: To be determined
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of your organization's significant operational and capital expenditures necessary for the execution of your climate change mitigation transition plan, as outlined in Disclosure Requirement E1-1. This should include an explanation and quantification of investments and funding, referencing the key performance indicators of taxonomy-aligned capital expenditures, and, where applicable, the capital expenditure plans disclosed in accordance with Commission Delegated Regulation (EU) 2021/2178.
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Question Id: E1-1_04
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.
Report Date: 4Q2024Relevance: 30%
- Provide a qualitative assessment of the potential locked-in greenhouse gas (GHG) emissions from your company's key assets and products. Explain whether and how these emissions could jeopardize the achievement of your GHG emission reduction targets and contribute to transition risk. Additionally, if applicable, describe your company's plans to manage its GHG-intensive and energy-intensive assets and products.
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Question Id: E1-1_07
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.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed explanation of any objectives or plans related to capital expenditures (CapEx), capital expenditure plans (CapEx plans), and operational expenditures (OpEx) that your undertaking has formulated to align its economic activities, including revenues, CapEx, and OpEx, with the criteria set forth in Commission Delegated Regulation 2021/2139, as required under Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation.
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Question Id: E1-1_08
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.
Report Date: 4Q2024Relevance: 30%
- Is the undertaking excluded from the EU Paris-aligned Benchmarks as part of the Disclosure Requirement E1-1 concerning the transition plan for climate change mitigation?
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Question Id: E1-1_12
Demant is not excluded from the 'Paris-aligned benchmarks' established by the European Commission.
Report Date: 4Q2024Relevance: 90%
- Provide a detailed explanation of how the transition plan for climate change mitigation is integrated into and aligned with your company's overall business strategy and financial planning.
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Question Id: E1-1_13
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.
Report Date: 4Q2024Relevance: 60%
- Has the transition plan for climate change mitigation been approved by the administrative, management, and supervisory bodies?
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Question Id: E1-1_14
The Transition Plan, which is a dynamic document updated yearly, was approved by the Sustainability Board in H2 2024.
Report Date: 4Q2024Relevance: 75%
- Indicate whether and how your company's policies address the areas related to climate change mitigation and adaptation as outlined in Disclosure Requirement E1-2.
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Question Id: E1-2_01
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.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the climate change mitigation actions undertaken and planned, categorized by decarbonisation lever, including the incorporation of nature-based solutions, as required under Disclosure Requirement E1-3 concerning actions and resources related to climate change policies.
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Question Id: E1-3_01
Demant's Transition Plan currently focuses on five decarbonisation levers, each including one or more mitigation actions:
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
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
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
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)
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.
Report Date: 4Q2024Relevance: 85%