CSR ACTUAL EXAM QUESTIONS AND
COMPLETE STUDY GUIDE 2026
▶ Governance. Answer: The system of rules and processes an
organization puts in place to ensure compliance with local and international
laws, accounting rules, ethical norms, and environmental and social codes
of conduct.
▶ Good Governance. Answer: The outcome of a thoughtful assessment of
an enterprises legal, ethical, and civic, obligations to the communities it
serves and the development of systems that support fulfillment of these
obligations. Emanates from the top - is transparent and accountable at
each level and function.
▶ Sustainability. Answer: Practice of purchasing and using resources
wisely by balancing economic, social, and environmental concerns, with the
goal of securing the interests of present and future generations.
▶ Sustainability sweet spot. Answer: The place where an action can fulfill
expectations in all three categories - It benefits people, the environment,
and the organizations budget.
▶ Triple bottom line. Answer: Economic, social, and environmental impact
metrics used to determine an organization's success.
▶ Global Reporting Initiative (G4). Answer: Provides a near universally
accepted guidance document for sustainability reporting.
▶ Social Audit. Answer: Formal review of an organizations social and
environmental policies and procedure. Primarily a tool for self-evaluation,
resembles 360 review (internal and external stakeholders involved).
▶ Code of conduct. Answer: Principles of conduct within an organization
that guide decision making and behavior; also known as code of ethics.
COMPLETE STUDY GUIDE 2026
▶ Governance. Answer: The system of rules and processes an
organization puts in place to ensure compliance with local and international
laws, accounting rules, ethical norms, and environmental and social codes
of conduct.
▶ Good Governance. Answer: The outcome of a thoughtful assessment of
an enterprises legal, ethical, and civic, obligations to the communities it
serves and the development of systems that support fulfillment of these
obligations. Emanates from the top - is transparent and accountable at
each level and function.
▶ Sustainability. Answer: Practice of purchasing and using resources
wisely by balancing economic, social, and environmental concerns, with the
goal of securing the interests of present and future generations.
▶ Sustainability sweet spot. Answer: The place where an action can fulfill
expectations in all three categories - It benefits people, the environment,
and the organizations budget.
▶ Triple bottom line. Answer: Economic, social, and environmental impact
metrics used to determine an organization's success.
▶ Global Reporting Initiative (G4). Answer: Provides a near universally
accepted guidance document for sustainability reporting.
▶ Social Audit. Answer: Formal review of an organizations social and
environmental policies and procedure. Primarily a tool for self-evaluation,
resembles 360 review (internal and external stakeholders involved).
▶ Code of conduct. Answer: Principles of conduct within an organization
that guide decision making and behavior; also known as code of ethics.
