GRI 2024 Update Exam Questions and Answers

GRI 2024 Update Exam Questions and Answers OECD - CORRECT ANSWER-Organization for Economic Cooperation and Development Circular Economy - CORRECT ANSWER-A circular economy is an industrial system that is restorative or regenerative by intention and design. Replace the end-of-life concept with restoration, shifts towards the use of renewable energies, eliminates the use of toxic chemical, and aims for the elimination of waste through the superior design of alternative products, systems and business model Opportunities for Sustainable Development - CORRECT ANSWER-Balancing economic activity with environmental responsibility and ensuring social well-being. Includes opportunity to do things differently, prompt change and begin innovations. These include: addressing climate change, water resilience, human rights violations, resilience building investment, and regulated energy transition. WEF Nexus - CORRECT ANSWER-the perspective of sustainability and the interrelationship between the environment, society and the economy. It also considers the energy, water and food nexus-- we need to manage water, food and energy problems as a whole because they are all interconnected the interrelationship, interdependence and interactions between food energy and water Water Stewardship - CORRECT ANSWER-The use of water that is socially equitable, environmentally sustainable and economically beneficial Economic Turbulence - CORRECT ANSWER-Aspects that can change the economic landscape such as hyperinflation, economic downturn or significant decrease in purchasing power. Because of competition between food production and energy production_____________________________________________________________ ___ - CORRECT ANSWER-Large land areas are being used for energy production instead of food. As a result, the market prices for food and oil are closely linked. Waste - CORRECT ANSWER-materials that are not prime products (that is products produced for the market) for which the generator has no further use in terms of his/her own purposes of production, transformation or consumption, and of which he/she wants to dispose. Waste may be generated during the extraction of raw materials, the processing of raw materials into intermediate and final products, the consumption of final products and other human activities. Residuals recycled or reused at the place of generation are excluded. The 9 Rs - CORRECT ANSWER-Refuse, Rethink, Reduce, Reuse, Repair, Refurbish, Remanufacture, Repurpose, Recycle Economic dimension of sustainability - CORRECT ANSW