Demant
ESRS disclosure: ESRS E1 \ DR E1-3 \ Paragraph 29 a
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- 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%
- Provide a detailed account of whether and how your organization has established GHG emissions reduction targets or any other relevant targets to manage significant climate-related impacts, risks, and opportunities. This includes, but is not limited to, initiatives such as renewable energy deployment, energy efficiency improvements, climate change adaptation strategies, and measures for mitigating physical or transition risks.
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Question Id: E1-4_01
As part of Demant’s climate commitment, we have set targets for reducing our GHG emissions, which align with the Paris Agreement’s goal of limiting the global temperature increase to 1.5°C by the end of the century. The targets were validated by the SBTi in July 2023 and are described below:
Near-term targets:
- Demant commits to reducing absolute scope 1 and 2 GHG emissions by 46% by 2030 from a 2019 baseline year. Demant also commits to reducing absolute scope 3 GHG emissions by 46% within the same timeframe.
Long-term targets:
- Demant commits to reducing absolute scope 1 and 2 GHG emissions by 90% by 2050 from a 2019 baseline year. Demant also commits to reducing absolute scope 3 GHG emissions by 90% within the same timeframe.
Overall net-zero targets:
- As an additional step in the efforts towards climate change mitigation, Demant commits to reaching net-zero GHG emissions across the value chain by 2050 from a 2019 baseline year.
Report Date: 4Q2024Relevance: 85%