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.

Lever 3: Vehicle fleet electrification - In 2024, the Sustainability Board approved a new plan to speed up electrification of Demant’s vehicle fleet, replacing internal combustion engine vehicles with electrical vehicles. Phase one is expected to avoid the emission of 2,675 tonnes of CO2 in 2030. Lever 4: Supplier engagement programme - In 2024, the Hearing Aids business area launched a new supplier engagement programme to collect primary data from the category of purchased goods and services. Lever 5: Use of less climate-intensive transport modes - The Diagnostics business area set a target for 5% GHG emissions reduction in 2024 compared to 2023. They exceeded the target by 11% and reduced transportation emissions intensity from 0.14 kg CO2e/DKK spent in 2023 to 0.11 kg CO2e/DKK spent in 2024.