Demant
ESRS disclosure: ESRS S2 \ DR S2-1 \ Paragraph 17 c
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- Provide a detailed description of your organization's human rights policy commitments concerning value chain workers. Include an explanation of the processes and mechanisms in place to ensure compliance with the UN Guiding Principles on Business and Human Rights, the ILO Declaration on Fundamental Principles and Rights at Work, or the OECD Guidelines for Multinational Enterprises. Focus specifically on the material aspects and the general approach to implementing measures that provide and/or enable remedies for human rights impacts.
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Question Id: S2-1_04
Demant engages with suppliers that operate in countries and industries where there is a risk of negatively impacting workers’ rights. This is especially the case in the electronic components manufacturing sector where impacts can be severe, e.g. poor health and safety standards, suboptimal working conditions and unfair labour practices. These negative conditions impact the individual workers and their families and take place in the short term. These impacts may be linked to our operations, products or services through our business relationships.
Leadership of Group Legal and Compliance is accountable for the Code, while the implementation of the Code lies with Demant’s supply chain departments. Through our Supply Chain Sustainability Policy, we summarise our commitment to advancing sustainability across our supply chain. The Policy covers all direct upstream buying practices across the Demant Group as well as supplier risk assessment and risk-based due diligence steps. The implementation of this Policy is a shared responsibility between the leadership of the two main supply chain departments in Demant, Hearing Aids and Diagnostics, respectively. Our commitment to respecting human rights, including the rights of value chain workers is outlined in our Sustainability Policy. Please refer to the section S1 on page 86.
Our Third Party Compliance Code outlines our expectations toward suppliers and business partners regarding working conditions for workers in the value chain. This includes the core International Labour Organization (ILO) standards on working conditions, workplace health and safety, freedom of association, forced/child labour and non-discrimination. We expect all our direct suppliers to comply with this Code, which is included as an appendix in all new contracts with suppliers.
Report Date: 4Q2024Relevance: 80%
- Does the undertaking disclose the process for setting targets related to managing material negative impacts, advancing positive impacts, and managing material risks and opportunities, specifically in relation to value chain workers? Furthermore, does the undertaking provide information on whether and how it engages directly with workers in the value chain, their legitimate representatives, or credible proxies with insight into their situation? Additionally, considering material negative impacts affecting value chain workers that may be linked to entities or operations outside the undertaking's direct control, does the undertaking disclose whether and how it seeks to use leverage in its business relationships to manage these impacts? This may involve the use of commercial leverage, such as enforcing contractual requirements or implementing incentives, other forms of leverage within the relationship, such as providing training or capacity-building on workers’ rights, or collaborative leverage with peers or other actors, such as initiatives aimed at responsible recruitment or ensuring workers receive an adequate wage.
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Question Id: S2-4_13
In Demant, we continuously evaluate our actions through our current practices, including our risk management, which is a part of the routine responsibilities of the procurement functions in Demant. We are currently implementing updated supplier risk assessment and due diligence processes. Therefore, we have not yet set targets to manage impact on workers in the value chain. In 2025, we will explore options to do so.
Report Date: 4Q2024Relevance: 50%