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.

The resource inflow and outflow are based on estimates, using internal and external data combined with assumptions, and is then extrapolated to the total population based on sales volumes and inventory movements. Key assumptions are for resource inflow including actual weight of the materials found in two hearing aids and then multiplied with the total sales. In-house subject matter experts are consulted to reduce the risk of over- or understating. However, as the reported numbers are based on generic assumptions, numbers are subject to change when we gain access to more accurate data.