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.

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.