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.

In 2024, we committed to increasing our business conduct excellence through code of conduct training to reach 100% of highly exposed employees, such as top-level management, senior leaders of commercial functions, procurement and finance managers, by 2030. The target relates to the objectives laid out in our Code of Conduct.