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.

Demant's Transition Plan is under constant development, and new levers will be added over time, especially with a view to reducing 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. The document does not specify whether the solutions are nature-based, engineering, or technological, nor does it quantify the anticipated financial effects from material physical and transition risks.