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.

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.