SUSTAINABILITY ACCOUNTING FINAL
EXAM QUESTIONS AND ANSWERS
CSR - Correct Answers -corporate social responsibility
are investors satisfied with quality of ESG reporting? - Correct Answers -NO
financial benefits from strong performance on material sustainability - Correct Answers -
1. reduced risk and cost of capital
2. increased innovation
3. reduced operating expenses through fuel and operating efficiencies
4. improved stakeholder relationships, resulting in a social license to operate
5. improved ability to attract and retain the best employees
6. enhanced community goodwill, brand, and reputation
when was SASB founded? what was there goal? - Correct Answers -in 2011 and to set
industry specific standards for corporate sustainability disclosures
SASB disclosure topics - Correct Answers -financially material, decision useful, and
industry specific
the worlds largest asset managers are members of what? - Correct Answers -SASB's
investor advisory group
true or false: sustainability information is audited? - Correct Answers -FALSE, SI is not
audited but practitioners can provide attestation services on sustainability information
through either an examination or review
The "you view" analyzes and emphasizes the reader's interests and perspectives.
Because the reader's interest or benefit is stressed, the writer is more likely to help the
reader understand information or act on a request. - Correct Answers -what is the "you"
view?
What is parallel construction? - Correct Answers -Parallel construction involves using
consistent structure within your sentences
when did SASB codify industry specific standards and how many are there? - Correct
Answers -in 2018 they codified standards for all 77 industries in the US. Industry
specific
, what are standards cost effective? - Correct Answers -because there are relatively few
disclosure topics, six on average per industry
where does SASB derive their metrics? - Correct Answers -SASB sources from other
metrics that are already widely used
are SASB standards mandated by the SEC? - Correct Answers -no, sasb standards are
designed for voluntary use. Companies can choose where to disclose with sasb
standards. They can disclose regulatory fillings like a 10-k, an integrated report, a
standalone SASB report, or a CSR report
IIRC - Correct Answers -international integrated reporting council
Does the SEC currently require climate-related disclosures? - Correct Answers -yes, in
2010 they started requiring companies to report climate related disclosures
what formed the Value Reporting Foundation in 2021? - Correct Answers -SASB and
IIRC, BUT they each maintain their own separate systems for sustainability reporting
what does the IIRC use as guidance for their reporting? - Correct Answers -six capitals
model and integrated reporting (financial and ESG information in one report)
what are the six capitals? - Correct Answers -1. financial
2. human
3. intellectual
4. manufactured
5. social and relationship
6. natural
what does an integrated report do? - Correct Answers -show how companies create
long term value by drawing on the six capitals and transforming those resources into
outputs through their business activities. IF the business activities ultimately result in an
increase in the capitals, then value is created
GRI - Correct Answers -global reporting initiative
what are the GRI disclosures? - Correct Answers -intended for a WIDE variety of
stakeholders and address a BROAD array of ESG issues
compare and contrast between GRI and SASB? - Correct Answers -SASB focuses
more narrowly on ESG issues that are likely to impact companies financial performance.
With different purposes, the standards can be used together and designed to be
complementary, not competing standards because they address different things
EXAM QUESTIONS AND ANSWERS
CSR - Correct Answers -corporate social responsibility
are investors satisfied with quality of ESG reporting? - Correct Answers -NO
financial benefits from strong performance on material sustainability - Correct Answers -
1. reduced risk and cost of capital
2. increased innovation
3. reduced operating expenses through fuel and operating efficiencies
4. improved stakeholder relationships, resulting in a social license to operate
5. improved ability to attract and retain the best employees
6. enhanced community goodwill, brand, and reputation
when was SASB founded? what was there goal? - Correct Answers -in 2011 and to set
industry specific standards for corporate sustainability disclosures
SASB disclosure topics - Correct Answers -financially material, decision useful, and
industry specific
the worlds largest asset managers are members of what? - Correct Answers -SASB's
investor advisory group
true or false: sustainability information is audited? - Correct Answers -FALSE, SI is not
audited but practitioners can provide attestation services on sustainability information
through either an examination or review
The "you view" analyzes and emphasizes the reader's interests and perspectives.
Because the reader's interest or benefit is stressed, the writer is more likely to help the
reader understand information or act on a request. - Correct Answers -what is the "you"
view?
What is parallel construction? - Correct Answers -Parallel construction involves using
consistent structure within your sentences
when did SASB codify industry specific standards and how many are there? - Correct
Answers -in 2018 they codified standards for all 77 industries in the US. Industry
specific
, what are standards cost effective? - Correct Answers -because there are relatively few
disclosure topics, six on average per industry
where does SASB derive their metrics? - Correct Answers -SASB sources from other
metrics that are already widely used
are SASB standards mandated by the SEC? - Correct Answers -no, sasb standards are
designed for voluntary use. Companies can choose where to disclose with sasb
standards. They can disclose regulatory fillings like a 10-k, an integrated report, a
standalone SASB report, or a CSR report
IIRC - Correct Answers -international integrated reporting council
Does the SEC currently require climate-related disclosures? - Correct Answers -yes, in
2010 they started requiring companies to report climate related disclosures
what formed the Value Reporting Foundation in 2021? - Correct Answers -SASB and
IIRC, BUT they each maintain their own separate systems for sustainability reporting
what does the IIRC use as guidance for their reporting? - Correct Answers -six capitals
model and integrated reporting (financial and ESG information in one report)
what are the six capitals? - Correct Answers -1. financial
2. human
3. intellectual
4. manufactured
5. social and relationship
6. natural
what does an integrated report do? - Correct Answers -show how companies create
long term value by drawing on the six capitals and transforming those resources into
outputs through their business activities. IF the business activities ultimately result in an
increase in the capitals, then value is created
GRI - Correct Answers -global reporting initiative
what are the GRI disclosures? - Correct Answers -intended for a WIDE variety of
stakeholders and address a BROAD array of ESG issues
compare and contrast between GRI and SASB? - Correct Answers -SASB focuses
more narrowly on ESG issues that are likely to impact companies financial performance.
With different purposes, the standards can be used together and designed to be
complementary, not competing standards because they address different things
