Demant

Health Care Equipment

DEMANT.CO

DKK 351 (4.3)%

Share price

$ 11 bn

Market Cap

$ 14 bn

Enterprise Value

Carbon footprint

GHG emissions per $ 1 mln investment

0.07x the weighted average for S&P 500

FY2022

Primary Climate Goal

Proj. YOY change in GHG emissions (Scope 1 + 2)

Weaker than the -9.3% weighted average for S&P 500

FY2023

Demant aims to reduce Scope 1 + 2 by 50% by 2030 from a base year 2019

1.5°C

Secondary Climate Goal

Proj. YOY change in GHG emissions (all Scopes)

Stronger than the -1.4% weighted average for S&P 500

FY2023

Demant aims to achieve net zero for all Scopes by 2050

1.5°C

GHG emissions and Carbon intensity

Demant reported Total CO2e Emissions - Location-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2022 at 31 Kt (+0.54/+1.7% y-o-y). Carbon intensity also remained unchnaged at 11 t.

Demant's Scope 3 emissions grew to 643 Kt (+31/+5% y-o-y). The growth has slowed compared to the trend since 4Q'20 (CAGR +10%).

The company is committed to reducing Scope 1 + 2 by 50% by 2030 from a base year 2019, which translates into the estimated reduction of -2.3 Kt per annum over the period of FY2023 - FY2030. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Also, the company commits to achieving net zero for all Scopes by 2050, which translates into the estimated reduction of -24 Kt per annum over the period of FY2023 - FY2050. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.

Date	Total CO2e emissions (location-based Scope 1 & 2) (Kt)	Scope 1	Scope 2	Scope 3	Revenue (USDm)	Carbon intensity (tons of CO2e) / (USDm)
2022Q4	31	11	20	643	2,795	11
2021Q4	31	8	23	613	2,750	11
2020Q4	24	6.8	18	479	2,070	12
2019Q4	27	8.8	20	544	2,248	12
2018Q4	25	7.1	18		2,209	11
2017Q4	24	4.4	20		2,003	12