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.

Demant's Transition Plan currently focuses on five decarbonisation levers, each including one or more mitigation actions:

1. 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

2. 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

3. 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

4. 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)

5. 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.