...The guidelines provide useful clarifications for the application of the Directive. These clarifications are especially essential to provide an understanding of how to assess the materiality of the information to be disclosed – which lies at the heart of non-financial disclosure. The explanations of which aspects need to be reflected in the reports will help businesses ensure that reporting does not end up as simple boilerplate disclosure. In particular, we agree that the frequency and severity of business’ impacts on society, and the interests and expectations of relevant stakeholders are important factors for the selection process, with “investors, workers, consumers, suppliers, customers, local communities, public authorities, vulnerable groups, social partners and civil society” identified as potential stakeholders.  We further welcome that the guidelines put a strong emphasis on the need to report on supply chains and other business relationships...