Setting high ethical standards in our way of doing business is an integral part of William Demant Holding's mission. Within our natural sphere of interest, we are committed to doing our part to help tackle social and environmental challenges beyond the obligations imposed on us by Danish law as described in our Status on CSR.
In 2009, we adopted 14 principles, outlining Management's overall approach to business ethics, the environment including work environment, human rights and good corporate governance.
In 2010 we joined the UN Global Compact initiative, promoting the 10 principles of human and labour rights, environmental protection and anti-corruption. Our joining this initiative is based on a wish to further systematise our work with CSR.
We have also formulated a comprehensive business ethics policy, with rules and guidelines outlining our approach to how we run our business and interact with our customers. Also, we have adopted an extensive code of conduct for our suppliers, to which over 190 suppliers of components and packaging have pledged to adhere.
The environmental impact of manufacturing our products is limited, mainly due to the fact that very few materials are used in producing hearing aids. Nevertheless, we have chosen to report on corporate carbon dioxide emissions and climate strategies through the Carbon Disclosure Project (CDP), thus enabling stakeholders to compare our corporate carbon dioxide emissions to other companies.