Table A1.

45 keywords identified in the analysis of the 45 questions (divided into eight thematic sections in both the public data set and the summary report made available online after the consultation closed) and adopted to examine the open-ended comments that respondents could add at the end of each thematic section

Thematic sectionsQuestions (Q) and keywords (marked in italics)Number of keywords
Corporate Sustainability Reportingsustainab1 key word: sustainab
1 Quality and scope of non-financial information to be disclosed (questions 1 – 7)

  • Reliability, comparability and relevance of non-financial information currently reported (Q1): comparab; reliab; relevance

  • Additional non-financial matters to report on (Q2): taxonomy regulation; governance; supply chain.

  • Additional categories of non-financial information (Q3): target_progress; scenario analysis; forward-looking.

  • Intangibles (Q4): intangib

  • Information required by financial market participants (Q5)

  • Interaction between different reporting requirements (Q6)

  • Alignment with Taxonomy Regulation (Q7): see Q2

Total 10 keywords:

  1. comparab

  2. reliab

  3. relevance

  4. taxonomy regulation

  5. governance

  6. supply chain

  7. target progress

  8. scenario analysis

  9. forward-looking (and forward looking)

  10. intangib

2 Standardisation (questions 8 – 20):standardi

  • Application of common reporting standard (Q8): common standard

  • Sector-specific elements in non-financial standard (Q9): sector-specific

  • Sole use of existing frameworks to report non-financial information (Q10): existing standard; GRI; SASB; IIRC; TCFD

  • Incorporation of existing frameworks in non-financial reporting standards (Q11): see Q10

  • Costs of application of frameworks or standards (Q12)

  • Simplified standard for SMEs (Q13): simplified standard; SMEs

  • Simplified standard as means to limit burden for SMEs (Q14): see Q13

  • Use of simplified standards for SMEs (Q15): see Q13

  • Expertise of European non-financial standard setter (Q16): European standard

  • Stakeholders involved in the developing of European non-financial standard (Q17-Q18): see Q16

  • European public bodies involved in the developing of European non-financial standard (Q19): ESMA, EFRAG

  • National authorities involved in the developing of European non-financial standard (Q20): see Q16

Total 13 keywords:

  1. standardi

  2. common standard

  3. sector-specific

  4. existing standard

  5. GRI

  6. SASB

  7. IIRC

  8. TCFD

  9. simplified standard

  10. SMEs

  11. European standard

  12. ESMA

  13. EFRAG

3 Materiality (questions 21 – 24):material

  • Relevance of materiality definition on outside-in risks (Q21): double materiality

  • Relevance of materiality definition on inside-out risks (Q22): (see Q21)

  • Disclosure of materiality assessment (Q23-Q24): materiality assessment

Total 3 key words

  1. material

  2. materiality assessment

  3. double materiality

4 Assurance (questions 25 – 32):audit

  • Difference in assurance requirements for financial and non-financial information (Q25): assurance requirement

  • Legal requirements for assurance of non-financial information (Q26): see Q25

  • Type of mandatory assurance (reasonable or limited) (Q27): reasonable assurance; limited assurance

  • Assurance of materiality assessment process (Q28)

  • Identification and publication of key risks in assurance process (Q29): assurance process

  • Common assurance standard (Q30): assurance standard

  • Assurance requirement on common non-financial reporting standard (Q31)

  • Costs and scope of assurance (Q32)

Total 6 key words

  1. audit

  2. assurance requirement

  3. reasonable assurance

  4. limited assurance

  5. assurance process

  6. assurance standard

5 Digitalisation (questions 33 – 35)

  • Digitalisation of non-financial information (Q33): digital; tag; single access point

  • Cost-benefit for tagging of non-financial information (Q34-Q35): see Q33

Total 3 key words

  1. digital

  2. tag

  3. single access point

6 Location of reported information (questions 36 – 39)location

  • Separate statements for non-financial reporting (Q36): see Q38

  • Non-financial information in management report (Q37): management report

  • Non-financial information in separate reports (Q38): separate report

  • Current segregation of reports (Q39)

Total 3 key words

  1. location

  2. management report

  3. separate report

7 Personal scope (questions 40 – 43)scope of the NFRD

  • Broadened scope of the NFRD to other PIEs (Q40): PIE; listed compan

  • Broadened scope of the NFRD to other non-PIEs (Q41): non-listed

  • Non-financial information disclosure by non-listed companies (Q42) see Q41

  • Personal scope of NFRD on banks and insurance undertakings (Q43):

Total 4 key words

  1. scope of the NFRD

  2. PIE

  3. listed compan

  4. non-listed

8 Simplification and reduction of administrative burden for companies (questions 44 – 45)simplif

  • Administrative costs for companies reporting under NFRD (Q44):

  • Burden of companies reporting non-financial information (Q45): burden

Total 2 key words

  1. simplif

  2. burden

Source(s): Authors’ own work
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