Transitioning from Voluntary GRI to CSRD Compliance

## Building on GRI Foundations

"Having reported according to GRI standards for eight years gave us a significant head start. The stakeholder engagement processes, materiality assessments, and data collection systems were already in place. The transition to CSRD was about enhancement, not starting from scratch."

Key Differences We Had to Address

"The biggest shift was moving from impact-only materiality to double materiality. We also had to significantly improve our forward-looking disclosures and integrate sustainability information more closely with financial reporting."

The Role of Assurance

"Under GRI, our sustainability reports had limited assurance. For CSRD, we're working much more closely with our auditors from the outset. They're involved in reviewing our processes and controls, not just the final numbers."

What Surprised Us

"The level of detail required in ESRS surprised us, particularly around governance and strategy disclosures. We had to involve board members and senior executives much more directly in the reporting process than before."