Under the umbrella of the Code of Conduct that instructs all employees to ensure efficient use of natural resources, our Sustainability Policy sets the specific direction for circular economy for the Group. Within resource use and circular economy, the Sustainability Policy addresses actions to tackle Demant’s impacts and risks regarding resource inflows and outflows including:

• Integrating circular economy principles and targets to reduce resource use and lower the environmental impact of Demant’s products.
• Packaging optimisation to reduce packaging materials and quantities and to transition away from virgin materials, where possible.
• Sustainable resource consumption and conscious waste generation, including appropriate disposal, in daily business activities.
• Responsible use of other materials, like the ones used for shipping and marketing of products, and responsible acquisition of other elements (i.e. interior design and furniture of facilities).
• Encouraging business partners to constantly reduce the use of natural resources in their own operations as communicated in our Third-Party Compliance Code.

As products, consumables and packaging characteristics differ greatly between our business areas, our circular economy efforts are led by the business areas and aim to enhance our circular economy performance in specific topics that may not be applicable to the entire Group. Therefore, we have not yet established targets at Group level.