Demant
ESRS disclosure: ESRS ESRS 2 \ DR GOV-5
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- Provide a comprehensive description of the scope, main features, and components of your organization's risk management and internal control processes and systems as they pertain to sustainability reporting.
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Question Id: GOV-5_01
Demant’s sustainability reporting risk management framework is designed to identify, assess and manage risks related to sustainability reporting. Key risk factors include regulatory compliance, data accuracy and stakeholder expectations. A comprehensive risk assessment process is employed, involving regular reviews and updates. Through this process, it is ensured that all identified potential risks are adequately addressed based on the scoping of material sustainability topics identified in the double materiality assessment.
Report Date: 4Q2024Relevance: 85%
- Provide a detailed account of the risk assessment approach employed, specifically outlining the methodology used for risk prioritization, as per Disclosure Requirement GOV–5 concerning risk management and internal controls over sustainability reporting.
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Question Id: GOV-5_02
The identified risks are assessed as either high, medium or low. The sustainability reporting risk categorisation is based on inherent reporting risks, such as completeness and accuracy of the data. High risks have a higher prioritisation than medium and low risks.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of the primary risks identified in your sustainability reporting processes and the strategies implemented to mitigate these risks, including any related control measures.
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Question Id: GOV-5_03
The main reporting risks are related to completeness and accuracy of the data submitted. The Sustainability Board receives updates on a quarterly basis and includes any findings in the internal control framework related to sustainability reporting and how to mitigate risks.
Report Date: 4Q2024Relevance: 60%
- Provide a detailed account of how your organization incorporates the findings from its risk assessment and internal controls concerning the sustainability reporting process into its relevant internal functions and processes.
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Question Id: GOV-5_04
Through the comprehensive risk assessment process, involving regular reviews and updates, Demant ensures that all identified potential risks are adequately addressed based on the scoping of material sustainability topics identified in the double materiality assessment.
Report Date: 4Q2024Relevance: 65%
- Provide a detailed account of the periodic reporting of findings from risk assessments and internal controls over sustainability reporting to the administrative, management, and supervisory bodies, as outlined in Disclosure Requirement GOV–5.
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Question Id: GOV-5_05
The Sustainability Board receives updates on a quarterly basis and includes any findings in the internal control framework related to sustainability reporting and how to mitigate risks.
Report Date: 4Q2024Relevance: 80%