GN Store Nord
ESRS disclosure: IRO-1_05
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- Provide a detailed account of the process employed to identify, assess, prioritize, and monitor potential and actual impacts on individuals and the environment. This should be informed by the undertaking's due diligence process. Specifically, elucidate whether and how this process incorporates consultation with affected stakeholders to comprehend their potential impacts, as well as engagement with external experts.
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Question Id: IRO-1_05
We applied three analytical approaches in our double materiality process: Desk research: we consulted 40 reports from NGOs, governments, and key suppliers. Internal workshops: we held five internal workshops with 27 subject matter experts. External stakeholder interviews: we interviewed eight external stakeholders, constituting both readers of the report and impacted stakeholders. We selected external stakeholders based on the areas where we lacked visibility through our existing stakeholder engagement mechanisms: pollution, resource outflows, and human rights impacts far down our supply chain. We assumed our impacts and risks to be similar to industry averages in cases where we lacked clear data or were unable to allocate impacts prevalent to GN in our value chain. Our double materiality assessment was subject to ongoing review by senior management. It was formally approved by the Audit Committee in August 2024.
Report Date: 4Q2024Relevance: 85%