Module 2: Understanding Non-financial information reporting (NFIR)
Module Objectives: This module provides information on the legal background and reporting requirements, the key concepts and reporting frameworks of NFIR.
Module 3: Role of Workers' Representatives in CSR and NFIR
Module Objectives: This module illustrates contacts points with NFIR and possible practical value of NFIR by identifying relevant content for WRs and showing best practice examples.
Module 4: Analysis methods and tools
Module Objectives: This module introduces to analysis methods of NFIR by giving an overview of a set of methods and applying the CENOFIA analysis tool.
Module 8: Identifying challenges in the analysis process
Module Objectives: This module provides an overview of the challenges most likely encountered during the analysis work and enables the participants to question reporting methodologies and processes.
Module 9: Application of key concepts in NFIR
Module Objectives: This module builds up on Module 2 and Module 4 by providing in-depth information on NFIR key concepts and carrying out different assessment exercises.
9.2 Materiality and Completeness assessment in NFIR
Video Tutorial: Key Concepts In-depth – Completeness Analysis
Please accept YouTube cookies to play this video. By accepting you will be accessing content from YouTube, a service provided by an external third party.
If you accept this notice, your choice will be saved and the page will refresh.
STEP 1: “Presentation Unit 9.1_Materiality and Completeness” and “Video Tutorial: Key Concepts In-depth – Completeness Analysis”
The presentation for unit 9.2 and the corresponding video tutorial intend to build up on the content delivered in Module 2 and Module 4 by providing in-depth information on NFIR key concepts and analysis methods.
It is especially important to stress that:
- Materiality and Completeness are two very important reporting principles. Assessing both and especially the way that they have been addressed in a NFIR, provides information regarding the quality and credibility of that NFIR.
- With regard to the single topics, please refer to “Trainer Notes Unit 9.1_Materiality and Completeness” for the rest of the presentation.
STEP 2: “Group exercise Unit 9.2 Materiality assessment”
The exercise is intended to introduce lerarners into the assessment of a materiality process.
- Read “Material for Group exercise Unit 9.2_Materiality assessment” and choose one out of the four materiality examples.
- Answer the following questions:
- How reliable and comprehensive is the methodology that was used for the materiality process?
- How were stakeholders engaged in the materiality process? (channels of engagement)
- How are needs and concerns refelected in the materiality process? (outcomes of engagement)
- Is the materiality assessment based on impact assessment?
- List the major strenghts and weaknesses of the materiality process.
- Try to complete the task in 50 minutes.
- The “Material for Group exercise Unit 9.2_Materiality assessment” provides four examples of a materiality assessment by four companies from different countries and sectors (Carlsberg Group 2016, Intesa SanPaolo 2017, Teck 2017 and Thales 2017) that can used, however learners are encouraged to research and use own examples.
- If you are from a company that is obliged to produce a NFIR, use the materiality matrix from that company.
Materials for unit 9.2: