Question 1

An emissions trading scheme:

Accepted Answer

A)  can also be referred to as a 'cap and trade' scheme. 
B)  allows the trade of excess emissions permits. 
C)  usually involves substantial fines for excessive polluters. 
D)  all of the above. 
A)  can also be referred to as a 'cap and trade' scheme. 
B)  allows the trade of excess emissions permits. 
C)  usually involves substantial fines for excessive polluters. 
D)  all of the above. D

Question 2

Which of the following is an environmental performance indicator under the GRI framework?

Accepted Answer

A)  Rates of injury. 
B)  Impacts of transport. 
C)  Anti-corruption policies. 
D)  None of the above. 
A)  Rates of injury. 
B)  Impacts of transport. 
C)  Anti-corruption policies. 
D)  None of the above. B

Question 3

Which of the following is NOT considered a stakeholder with potential interests in corporate sustainability?

Accepted Answer

A)  Banks. 
B)  Government. 
C)  Media. 
D)  None of the above, i.e. they are all potential interested in corporate sustainability. 
A)  Banks. 
B)  Government. 
C)  Media. 
D)  None of the above, i.e. they are all potential interested in corporate sustainability. D

Question 4

Ethical investment funds might be concerned about how individual companies address climate change because:

Accepted Answer

A)  they don't want to invest money on companies that waste money. 
B)  they believe companies that address environmental risks will perform better in the long run. 
C)  they believe carbon emissions proxy for economic performance. 
D)  none of the above. 
A)  they don't want to invest money on companies that waste money. 
B)  they believe companies that address environmental risks will perform better in the long run. 
C)  they believe carbon emissions proxy for economic performance. 
D)  none of the above.

Question 5

Which of the following statements is most correct regarding environmental, social and governance reports?

Accepted Answer

A)  They are becoming mandatory in an increasing number of countries. 
B)  They are not currently required in any country. 
C)  They are required as part of the IASB's accounting standards. 
D)  Norway is leading the way with regards to requiring reporting. 
A)  They are becoming mandatory in an increasing number of countries. 
B)  They are not currently required in any country. 
C)  They are required as part of the IASB's accounting standards. 
D)  Norway is leading the way with regards to requiring reporting.

Question 6

Climate change has the ability to impact on traditional financial accounting in what way?

Accepted Answer

A)  Liability valuation 
B)  Asset Impairment 
C)  Risk disclosure 
D)  All of the above 
A)  Liability valuation 
B)  Asset Impairment 
C)  Risk disclosure 
D)  All of the above

Question 7

Which of the following is NOT a labour practices and decent work performance indicator under GRI?

Accepted Answer

A)  Workforce by gender. 
B)  Assessment of product life cycle stages for health and safety risks. 
C)  Education and training programs in place. 
D)  None of the above, i.e. they are all labour practices and decent work performance indicators. 
A)  Workforce by gender. 
B)  Assessment of product life cycle stages for health and safety risks. 
C)  Education and training programs in place. 
D)  None of the above, i.e. they are all labour practices and decent work performance indicators.

Question 8

Stakeholder power is general considered to relate to which of the following factors?

Accepted Answer

A)  The amount of impact the organisation has on them. 
B)  How vocal they are prepared to be. 
C)  The degree of control they have over resources required by the organisation. 
D)  None of the above. 
A)  The amount of impact the organisation has on them. 
B)  How vocal they are prepared to be. 
C)  The degree of control they have over resources required by the organisation. 
D)  None of the above.

Question 9

The International Integrated Reporting Committee was formed by which two bodies?

Accepted Answer

A)  NGO and GRI 
B)  UNHCR and IASB 
C)  GRI and A4S 
D)  IASB and FASB 
A)  NGO and GRI 
B)  UNHCR and IASB 
C)  GRI and A4S 
D)  IASB and FASB

Question 10

The UN's Principles for Responsible Investment have main been adopted by which types of organisations?

Accepted Answer

A)  Mining companies. 
B)  Institutional investors. 
C)  Governments. 
D)  Builders. 
A)  Mining companies. 
B)  Institutional investors. 
C)  Governments. 
D)  Builders.

Question 11

According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations?

Accepted Answer

A)  Poor performers have poor disclosure, but no relationship has been found for good performers. 
B)  Good performers have good disclosure, but no relationship has been found for poor performers. 
C)  Poor performers have good disclosure, but no relationship has been found for good performers. 
D)  Research has not drawn any clear conclusions 
A)  Poor performers have poor disclosure, but no relationship has been found for good performers. 
B)  Good performers have good disclosure, but no relationship has been found for poor performers. 
C)  Poor performers have good disclosure, but no relationship has been found for good performers. 
D)  Research has not drawn any clear conclusions

Question 12

The Kyoto Protocol:

Accepted Answer

A)  sets standards on corporate reporting of carbon emissions. 
B)  commits countries to achieving specific greenhouse gas emissions reductions. 
C)  forbids trading in greenhouse gases. 
D)  all of the above. 
A)  sets standards on corporate reporting of carbon emissions. 
B)  commits countries to achieving specific greenhouse gas emissions reductions. 
C)  forbids trading in greenhouse gases. 
D)  all of the above.

Question 13

The three parts of the triple bottom line are:

Accepted Answer

A)  financial, economic and government. 
B)  economic, environmental and social. 
C)  economic, stakeholder and employee. 
D)  financial, customer and government. 
A)  financial, economic and government. 
B)  economic, environmental and social. 
C)  economic, stakeholder and employee. 
D)  financial, customer and government.

Question 14

The UN (Brundtland report) defined sustainable development as 'development that…':

Accepted Answer

A)  allows all people to meet their needs to an equal degree. 
B)  meets the needs of the future without compromising the ability of current generations to meet their own needs. 
C)  meets the needs of the present without compromising the ability of future generations to meet their own needs. 
D)  continues at the current pace, neither increasing nor decreasing into the foreseeable future. 
A)  allows all people to meet their needs to an equal degree. 
B)  meets the needs of the future without compromising the ability of current generations to meet their own needs. 
C)  meets the needs of the present without compromising the ability of future generations to meet their own needs. 
D)  continues at the current pace, neither increasing nor decreasing into the foreseeable future.

Question 15

Which of the following terms is commonly used to mean sustainability reporting?

Accepted Answer

A)  Corporate social reporting. 
B)  Environmental, social and governance reporting. 
C)  Triple bottom line reporting. 
D)  All of the above. 
A)  Corporate social reporting. 
B)  Environmental, social and governance reporting. 
C)  Triple bottom line reporting. 
D)  All of the above.

Question 16

As of 2012, the IASB project on accounting for carbon emissions:

Accepted Answer

A)  is complete with the release of IFRS 4. 
B)  is currently an exposure draft (ED133/
A) . 
C)  is currently paused. 
D)  does not exist. 
A)  is complete with the release of IFRS 4. 
B)  is currently an exposure draft (ED133/
A) . 
C)  is currently paused. 
D)  does not exist.

Question 17

Which of the following statements about intragenerational equity is NOT true:

Accepted Answer

A)  it means that future generations should not have a lower quality of life. 
B)  it is concerned with poverty and access to food, water and shelter. 
C)  it is an important component of eco-justice. 
D)  none of the above, i.e. they are all true. 
A)  it means that future generations should not have a lower quality of life. 
B)  it is concerned with poverty and access to food, water and shelter. 
C)  it is an important component of eco-justice. 
D)  none of the above, i.e. they are all true.

Exam 22: Sustainability and Corporate Social Responsibility Reporting

An emissions trading scheme:

Which of the following is an environmental performance indicator under the GRI framework?

Which of the following is NOT considered a stakeholder with potential interests in corporate sustainability?

Ethical investment funds might be concerned about how individual companies address climate change because:

Which of the following statements is most correct regarding environmental, social and governance reports?

Climate change has the ability to impact on traditional financial accounting in what way?

Which of the following is NOT a labour practices and decent work performance indicator under GRI?

Stakeholder power is general considered to relate to which of the following factors?

The International Integrated Reporting Committee was formed by which two bodies?

The UN's Principles for Responsible Investment have main been adopted by which types of organisations?

According to the research undertaken to date, what is the relationship between environmental performance and disclosure of corporations?

The Kyoto Protocol:

The three parts of the triple bottom line are:

The UN (Brundtland report) defined sustainable development as 'development that…':

Which of the following terms is commonly used to mean sustainability reporting?

As of 2012, the IASB project on accounting for carbon emissions:

Which of the following statements about intragenerational equity is NOT true:

Accounting Regulation and the Conceptual Framework

Application of Accounting Theory

Fair Value Measurement

Inventories

Property, Plant and Equipment

Intangible Assets

Impairment of Assets

Provisions, Contingent Liabilities and Contingent Assets

Employee Benefits

Leases

Financial Instruments

Income Taxes

Share Capital and Reserves

Share-Based Payment

Revenue

Presentation of Financial Statements

Statement of Cash Flows

Accounting Policies and Other Disclosures

Earnings Per Share

Operating Segments

Related Party Disclosures

Foreign Currency Transactions and Forward Exchange Contracts

Translation of Foreign Currency Financial Statements

Business Combinations

Consolidation: Controlled Entities

Consolidation: Wholly Owned Entities

Consolidation: Intragroup Transactions

Consolidation: Non-Controlling Interest

Consolidation: Other Issues

Associates and Joint Ventures

Joint Arrangements

Insolvency and Liquidation

Accounting for Mineral Resources

Agriculture

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