Demant’s Transition Plan currently focuses on five decarbonisation levers, each including one or more mitigation actions:

1. Energy consumption reduction and efficiency in own operations

   • Decrease in energy consumption
   • Increase in energy efficiency
   • Time horizon: From short to long term
   • Geographical scope: Global

2. Renewable electricity for own operations

   • Use of on-site renewable electricity
   • Use of off-site renewable electricity
   • Time horizon: From short to medium term
   • Geographical scope: Global

3. Vehicle fleet electrification

   • 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

4. Supplier engagement programme

   • 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)

5. Use of less climate-intensive transport modes

   • Shift from air freight transport to less climate intensive transport modes
   • Time horizon: From short to long term
   • Geographical scope: To be determined

Demant's carbon accounting adheres to the Greenhouse Gas Protocol (GHG Protocol) defined by the World Resources Institute and World Business Council for Sustainable Development in line with the recommendation of the ESRS. The consolidated GHG emissions data encompasses all entities under Demant's operational control, including leased facilities, with emissions quantified in carbon dioxide equivalent (CO2e).

Demant's Inventory Management Plan (IMP) sets the framework for defining, compiling, and reporting Group GHG emissions across all scopes using emissions factors from renowned sources such as DEFRA, the Danish Environmental Protection Agency, and the Ecoinvent database. The IMP specifies that baseline recalculations may occur under the conditions defined in the publicly available Baseline Recalculation Policy.

For Scope 2, both location- and market-based GHG emissions are calculated to benchmark Demant’s performance against climate targets in accordance with the SBTi accounting approach.

Scope 3 GHG emissions are calculated using two different methodologies tailored for the Diagnostics business area and the Hearing Aids and Hearing Care business areas, aligning with the GHG Protocol standard and following a combined approach using hybrid- and spend-based methods.