Demant
ESRS disclosure: ESRS E1 \ DR E1-1 \ Paragraph 16 h
Tags Tree
- 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.
-
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 undertaking established GHG emission reduction targets that are science-based and aligned with the objective of limiting global warming to 1.5°C? Specify the framework and methodology utilized to determine these targets, including whether they follow a sectoral decarbonisation pathway. Detail the underlying climate and policy scenarios, and confirm if the targets have undergone external assurance. Additionally, provide a concise explanation of how future developments, such as changes in sales volumes, shifts in customer preferences and demand, regulatory factors, and new technologies, have been considered in setting these targets and their potential impact on both GHG emissions and emissions reductions.
-
Question Id: E1-4_22
Demant submitted its climate targets for validation to the SBTi in 2021, using 2019 as the baseline year. The targets 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. The target-setting methodology uses a cross-sector pathway and market-based accounting approach. Future developments are considered as 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.
Report Date: 4Q2024Relevance: 85%