Through anti-corruption risk assessment, we have identified the functions that are exposed to the highest risk in respect of corruption and bribery. These, among others, include employees that are in direct contact with public officials, for instance by participating in negotiations for public tenders on Demant’s behalf.

Demant has implemented policies and guidelines to mitigate corruption risks throughout the organization. This includes an Anti-Corruption Policy, Gifts & Hospitality Guidelines, and country-specific appendices with local monetary limits and a Third Party Compliance Code, which contains a section on anti-corruption, and is included as an appendix in contracts with third parties. For third parties, a due diligence process is in place to assess the anti-corruption risk associated with dealing with third parties in scope of due diligence. Based on findings, appropriate mitigating measures are implemented, such as specific anti-corruption wording in the contract with the third party.