Question 1

Which is an accurate comparison between the SASB and GRI?

Accepted Answer

A)  The SASB only considers the government's perspective while the GRI considers the perspective of a broad range of stakeholders 
B)  SASB's reporting system is designed to inform shareholders' investment decisions, while the GRI's goals are broader and more general 
C)  Both the SASB and the GRI are only geared toward those who qualify as Socially Responsible Investors 
D)  SASB's reporting system is designed to inform shareholders' investment decisions, while the GRI's goals are broader and more general & Both the SASB and the GRI are only geared toward those who qualify as Socially Responsible Investors 
A)  The SASB only considers the government's perspective while the GRI considers the perspective of a broad range of stakeholders 
B)  SASB's reporting system is designed to inform shareholders' investment decisions, while the GRI's goals are broader and more general 
C)  Both the SASB and the GRI are only geared toward those who qualify as Socially Responsible Investors 
D)  SASB's reporting system is designed to inform shareholders' investment decisions, while the GRI's goals are broader and more general & Both the SASB and the GRI are only geared toward those who qualify as Socially Responsible Investors B

Question 2

Which is true of Socially Responsible Investors (SRIs)?

Accepted Answer

A)  They accounted for over half of all investments under professional management in 2016 
B)  The social and environmental performance of a company is a significant factor in their investment decisions 
C)  They put more weight on social capital reporting when making investment decisions compared to the other sustainability issues (such as the environment or human capital) 
D)  They all invest in the same standardized index of SRI-friendly companies 
A)  They accounted for over half of all investments under professional management in 2016 
B)  The social and environmental performance of a company is a significant factor in their investment decisions 
C)  They put more weight on social capital reporting when making investment decisions compared to the other sustainability issues (such as the environment or human capital) 
D)  They all invest in the same standardized index of SRI-friendly companies B

Question 3

Which of the following sustainability topics is most likely to be highly material to an apparel company, such as Nike?

Accepted Answer

A)  Data security 
B)  Child labor in the factories of suppliers 
C)  Biodiversity impacts on endangered species. 
D)  Product safety 
A)  Data security 
B)  Child labor in the factories of suppliers 
C)  Biodiversity impacts on endangered species. 
D)  Product safety B

Question 4

The SASB's Social Capital category includes which of the following topics?

Accepted Answer

A)  Labor relations 
B)  Product packaging 
C)  Human rights and community relations 
D)  Systemic risk management 
A)  Labor relations 
B)  Product packaging 
C)  Human rights and community relations 
D)  Systemic risk management

Question 5

Which of the following sustainability topics is most likely to be highly material to a pharmaceutical company, such as Pfizer?

Accepted Answer

A)  Fuel management 
B)  Child labor in the factories of suppliers 
C)  Scope 1 greenhouse gas emissions 
D)  Product quality and safety 
A)  Fuel management 
B)  Child labor in the factories of suppliers 
C)  Scope 1 greenhouse gas emissions 
D)  Product quality and safety

Question 6

Aluminum plants consume huge quantities of electricity in the production of aluminum. An aluminum producer reporting its carbon emissions using the Greenhouse Gas Protocol is likely to classify the lion's share of its emissions in which category?

Accepted Answer

A)  Scope 1 
B)  Scope 2 
C)  Scope 3 
D)  Scope 4 
A)  Scope 1 
B)  Scope 2 
C)  Scope 3 
D)  Scope 4

Question 7

According to the Greenhouse Gas Protocol, which is not a Scope 3 emissions category?

Accepted Answer

A)  Upstream transportation and distribution 
B)  Employee commuting 
C)  Emissions from burning coal in the company's power plant 
D)  End-of-life treatment of sold products 
A)  Upstream transportation and distribution 
B)  Employee commuting 
C)  Emissions from burning coal in the company's power plant 
D)  End-of-life treatment of sold products

Question 8

In what parts of a company's Form 10-K does Release No. 33-9106 (issued by the SEC in 2010) require companies to include threats and opportunities posed by climate change?

Accepted Answer

A)  Only in the Management Discussion and Analysis section 
B)  In Risk Factors and Legal Proceedings 
C)  In Management Discussion and Analysis and Risk Factors 
D)  In Business Description, Legal Proceedings, Risk Factors, and Management Discussion and Analysis 
A)  Only in the Management Discussion and Analysis section 
B)  In Risk Factors and Legal Proceedings 
C)  In Management Discussion and Analysis and Risk Factors 
D)  In Business Description, Legal Proceedings, Risk Factors, and Management Discussion and Analysis

Question 9

What is an example of a specific disclosure required for GRI 406: Human Rights - Nondiscrimination?

Accepted Answer

A)  Number of suppliers that are minority-owned 
B)  Total number of incidents of discrimination 
C)  Corrective actions taken in response to any situations involving discrimination 
D)  Total number of incidents of discrimination & corrective actions taken 
A)  Number of suppliers that are minority-owned 
B)  Total number of incidents of discrimination 
C)  Corrective actions taken in response to any situations involving discrimination 
D)  Total number of incidents of discrimination & corrective actions taken

Question 10

Which are among the largest Scope 1 emitting entities?

Accepted Answer

A)  Building materials companies, such as LafargeHolcim 
B)  Electric utilities companies that burn substantial amounts of fossil fuels 
C)  Local businesses that people must drive long distances to get to 
D)  Building materials companies, such as LafargeHolcim & Electric utilities companies that burn substantial amounts of fossil fuels 
A)  Building materials companies, such as LafargeHolcim 
B)  Electric utilities companies that burn substantial amounts of fossil fuels 
C)  Local businesses that people must drive long distances to get to 
D)  Building materials companies, such as LafargeHolcim & Electric utilities companies that burn substantial amounts of fossil fuels

Question 11

Within the GRI, Economic Standards provide users with:

Accepted Answer

A)  General information about the entity's reporting policies 
B)  Basic economic data about the entity 
C)  Information about ethical issues, such as corruption or anti-competitive behavior 
D)  Basic economic data about the entity & Information about ethical issues, such as corruption or anti-competitive behavior 
A)  General information about the entity's reporting policies 
B)  Basic economic data about the entity 
C)  Information about ethical issues, such as corruption or anti-competitive behavior 
D)  Basic economic data about the entity & Information about ethical issues, such as corruption or anti-competitive behavior

Question 12

What is the basic unit used to measure and report greenhouse gas emissions?

Accepted Answer

A)  Carbon monoxide equivalent 
B)  Methane equivalent 
C)  Nitrous oxide equivalent 
D)  Carbon dioxide equivalent 
A)  Carbon monoxide equivalent 
B)  Methane equivalent 
C)  Nitrous oxide equivalent 
D)  Carbon dioxide equivalent

Question 13

What do companies mean when they assert that their sustainability reports are GRI-informed?

Accepted Answer

A)  Their reports have been produced in compliance with all reporting directives of the GRI 
B)  Their reports have been produced in compliance with core reporting directives of the GRI 
C)  They use the GRI as a point of reference, but preserve flexibility to make their own sustainability reporting choices. 
D)  Auditors have attested to the degree of conformity between the company's sustainability reports and GRI standards. 
A)  Their reports have been produced in compliance with all reporting directives of the GRI 
B)  Their reports have been produced in compliance with core reporting directives of the GRI 
C)  They use the GRI as a point of reference, but preserve flexibility to make their own sustainability reporting choices. 
D)  Auditors have attested to the degree of conformity between the company's sustainability reports and GRI standards.

Question 14

ESG is an acronym for:

Accepted Answer

A)  Environmentally Specific Gases 
B)  Environmental, Social, and Governance 
C)  European Sustainability Goals 
D)  Ecologically Safe Groundwater 
A)  Environmentally Specific Gases 
B)  Environmental, Social, and Governance 
C)  European Sustainability Goals 
D)  Ecologically Safe Groundwater

Question 15

Which is not true about the sustainability reporting framework used by the Hong Kong Stock Exchange (HKEX)?

Accepted Answer

A)  Companies listed on the exchange must either report their performance for a given key performance indicator or else explain why they are not able to do so. 
B)  GHG emissions and amounts of hazardous waste produced are key performance indicators in the HKEX sustainability reporting system 
C)  The HKSEX sustainability reporting system has been in place for over 20 years 
D)  Metrics taken from the GRI, the Climate Disclosure Project, ISO 26000, or RobecoSAM/Dow Jones Sustainability Index survey that will satisfy the reporting requirements. 
A)  Companies listed on the exchange must either report their performance for a given key performance indicator or else explain why they are not able to do so. 
B)  GHG emissions and amounts of hazardous waste produced are key performance indicators in the HKEX sustainability reporting system 
C)  The HKSEX sustainability reporting system has been in place for over 20 years 
D)  Metrics taken from the GRI, the Climate Disclosure Project, ISO 26000, or RobecoSAM/Dow Jones Sustainability Index survey that will satisfy the reporting requirements.

Question 16

The SASB's Leadership and Governance category includes which of the following topics?

Accepted Answer

A)  Diversity and inclusion 
B)  Customer welfare 
C)  Competitive behavior 
D)  Product quality and safety 
A)  Diversity and inclusion 
B)  Customer welfare 
C)  Competitive behavior 
D)  Product quality and safety

Question 17

The SASB's Environmental category includes which of the following topics?

Accepted Answer

A)  Fuel management 
B)  Human rights and community relations 
C)  Employee health, safety, and wellbeing 
D)  Business ethics and transparency 
A)  Fuel management 
B)  Human rights and community relations 
C)  Employee health, safety, and wellbeing 
D)  Business ethics and transparency

Question 18

Which of the following is true of the Carbon Disclosure Project (CDP)?

Accepted Answer

A)  The CDP is a system of mandatory reporting 
B)  The CDP was established by the U.S. SEC 
C)  The CDP works with over 6,000 companies worldwide to promote greenhouse gas emissions reporting 
D)  The CDP was established by the U.S. SEC & The CDP works with over 6,000 companies worldwide to promote greenhouse gas emissions reporting 
A)  The CDP is a system of mandatory reporting 
B)  The CDP was established by the U.S. SEC 
C)  The CDP works with over 6,000 companies worldwide to promote greenhouse gas emissions reporting 
D)  The CDP was established by the U.S. SEC & The CDP works with over 6,000 companies worldwide to promote greenhouse gas emissions reporting

Question 19

Which is an accurate statement about the positive correlation found between companies' sustainability performance and traditional financial performance?

Accepted Answer

A)  Efficient cost-cutting is likely to reduce the consumption of energy, water, packaging, and other resources 
B)  Environmentally responsible companies are much more likely to underperform in the long run 
C)  More social and environmental responsibility is negatively correlated with traditional financial performance 
D)  All of these are accurate 
A)  Efficient cost-cutting is likely to reduce the consumption of energy, water, packaging, and other resources 
B)  Environmentally responsible companies are much more likely to underperform in the long run 
C)  More social and environmental responsibility is negatively correlated with traditional financial performance 
D)  All of these are accurate

Question 20

An alternative to a stand-alone sustainability report is a system in which sustainability disclosures are woven into the company's annual report. This system is called:

Accepted Answer

A)  Traditional Reporting 
B)  Integrated Reporting 
C)  Consolidated Reporting 
D)  Incorporated Reporting 
A)  Traditional Reporting 
B)  Integrated Reporting 
C)  Consolidated Reporting 
D)  Incorporated Reporting

Which is an accurate comparison between the SASB and GRI?

Which is true of Socially Responsible Investors (SRIs)?

Which of the following sustainability topics is most likely to be highly material to an apparel company, such as Nike?

The SASB's Social Capital category includes which of the following topics?

Which of the following sustainability topics is most likely to be highly material to a pharmaceutical company, such as Pfizer?

Aluminum plants consume huge quantities of electricity in the production of aluminum. An aluminum producer reporting its carbon emissions using the Greenhouse Gas Protocol is likely to classify the lion's share of its emissions in which category?

According to the Greenhouse Gas Protocol, which is not a Scope 3 emissions category?

In what parts of a company's Form 10-K does Release No. 33-9106 (issued by the SEC in 2010) require companies to include threats and opportunities posed by climate change?

What is an example of a specific disclosure required for GRI 406: Human Rights - Nondiscrimination?

Which are among the largest Scope 1 emitting entities?

Within the GRI, Economic Standards provide users with:

What is the basic unit used to measure and report greenhouse gas emissions?

What do companies mean when they assert that their sustainability reports are GRI-informed?

ESG is an acronym for:

Which is not true about the sustainability reporting framework used by the Hong Kong Stock Exchange (HKEX)?

The SASB's Leadership and Governance category includes which of the following topics?

The SASB's Environmental category includes which of the following topics?

Which of the following is true of the Carbon Disclosure Project (CDP)?

Which is an accurate statement about the positive correlation found between companies' sustainability performance and traditional financial performance?

An alternative to a stand-alone sustainability report is a system in which sustainability disclosures are woven into the company's annual report. This system is called:

Introduction to International Accounting

Worldwide Accounting Diversity

International Convergence of Financial Reporting

International Financial Reporting Standards: Part I

International Financial Reporting Standards: Part II

Foreign Currency Transactions and Hedging Foreign Exchange Risk

Translation of Foreign Currency Financial Statements

International Taxation

International Transfer Pricing

Management Accounting Issues in Multinational Corporations

Auditing and Corporate Governance: An International Perspective

Filters

Exam 12: International Sustainability Reporting

Which is an accurate comparison between the SASB and GRI?

Which is true of Socially Responsible Investors (SRIs)?

Which of the following sustainability topics is most likely to be highly material to an apparel company, such as Nike?

The SASB's Social Capital category includes which of the following topics?

Which of the following sustainability topics is most likely to be highly material to a pharmaceutical company, such as Pfizer?

Aluminum plants consume huge quantities of electricity in the production of aluminum. An aluminum producer reporting its carbon emissions using the Greenhouse Gas Protocol is likely to classify the lion's share of its emissions in which category?

According to the Greenhouse Gas Protocol, which is not a Scope 3 emissions category?

In what parts of a company's Form 10-K does Release No. 33-9106 (issued by the SEC in 2010) require companies to include threats and opportunities posed by climate change?

What is an example of a specific disclosure required for GRI 406: Human Rights - Nondiscrimination?

Which are among the largest Scope 1 emitting entities?

Within the GRI, Economic Standards provide users with:

What is the basic unit used to measure and report greenhouse gas emissions?

What do companies mean when they assert that their sustainability reports are GRI-informed?

ESG is an acronym for:

Which is not true about the sustainability reporting framework used by the Hong Kong Stock Exchange (HKEX)?

The SASB's Leadership and Governance category includes which of the following topics?

The SASB's Environmental category includes which of the following topics?

Which of the following is true of the Carbon Disclosure Project (CDP)?

Which is an accurate statement about the positive correlation found between companies' sustainability performance and traditional financial performance?

An alternative to a stand-alone sustainability report is a system in which sustainability disclosures are woven into the company's annual report. This system is called:

Introduction to International Accounting

Worldwide Accounting Diversity

International Convergence of Financial Reporting

International Financial Reporting Standards: Part I

International Financial Reporting Standards: Part II

Foreign Currency Transactions and Hedging Foreign Exchange Risk

Translation of Foreign Currency Financial Statements

International Taxation

International Transfer Pricing

Management Accounting Issues in Multinational Corporations

Auditing and Corporate Governance: An International Perspective

Filters