Case Study

Reconciling GRI and IFRS Reporting for a Regional Reinsurer

ZEP-RE (PTA Reinsurance Company) - April to November 2025

Client

ZEP-RE (PTA Reinsurance Company)

Sector

Reinsurance

Services

GRI & IFRS Alignment · Reporting · Capacity Building

Overview

The Challenge

ZEP-RE needed to align with IFRS S1 and S2 while continuing to report its impact under GRI — two different disclosure logics to reconcile within a single reporting cycle.

Our Approach

Lybra led the work end to end: a baseline IFRS S1/S2 readiness assessment, alignment of governance, strategy, risk management, and metrics structures, and a reporting framework anchored in IFRS but built to support GRI-based impact reporting as well.

Baseline Readiness Assessment

Assessed ZEP-RE’s readiness to report under IFRS S1 and S2.

Governance & Metrics Alignment

Aligned governance, strategy, risk management, and metrics structures accordingly.

2024 GRI Sustainability Report

Led development of ZEP-RE’s 2024 GRI Sustainability Report.

Organisation-Wide Capacity Building

Built capacity across the Board, executive team, and 200+ staff to embed ESG reporting ownership.

This dual-standards fluency — GRI for impact reporting, IFRS S1 and S2 for investor-facing financial materiality — reflects a sustainability advisory firm built to help organisations report credibly under whichever standard their stakeholders require.

Related Work

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CMA

Shaping Kenya's ESG disclosure requirements for capital markets.

ICPAK

Supporting Kenya's transition to IFRS S1 and S2 sustainability reporting standards.

Climate Risk Spotlight: Patrick Ng’ang’a

Building Kenya's first climate risk disclosure framework with the Central Bank of Kenya.

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