Demant
ESRS disclosure: ESRS S4 \ DR S4-1 \ Paragraph 16
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- Provide a detailed description of your company's human rights policy commitments that pertain to consumers and/or end-users. Include information on 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, and the OECD Guidelines for Multinational Enterprises. Focus on material matters and outline your general approach in this context.
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Question Id: S4-1_02
Demant has a defined Data Privacy Strategy and programme to manage potentially negative impacts on the privacy of consumers and users. This includes policies and defined processes for handling personal data as well as processes for engaging with affected stakeholders and remediating any such impacts. Data privacy is also covered by Demant’s Code of Conduct, which outlines clear expectations of employees’ conduct in this regard. Demant has implemented a global Data Ethics Policy, and it is mandatory for all employees in Demant to comply with the Policy.
Report Date: 4Q2024Relevance: 50%
- Provide a detailed account of the actions that are currently being taken, planned, or underway to prevent, mitigate, or remediate material negative impacts on consumers and end-users. Include approaches to managing material risks and pursuing material opportunities related to consumers and end-users, and assess the effectiveness of these actions.
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Question Id: S4-4_01
Demant's purpose, strategy, and business model are built on improving the quality of life for users, posing positive impacts for families, colleagues, and society. The company is committed to enabling early detection of hearing loss and increasing awareness. They engage with users and consumers to provide life-changing hearing health, focusing on innovation and service in hearing care clinics. The company has established user communication procedures and engages in global efforts to put hearing health on the map through initiatives like the International Campaign for Better Hearing. The campaign aims to increase awareness of the importance of hearing health and offers free screenings to those over 60. Demant is committed to continuous R&D investment to drive innovation and ensure technological leadership.
Report Date: 4Q2024Relevance: 65%