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%
- 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.
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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%