CESGA 3.1 QUESTIONS AND ANSWERS
LATEST UPDATE 2025/2026
In light of global risks and challenges, corporations need to consider and incorporate:
- Double materiality and environmental materiality
- Financial materiality
- Dynamic materiality
- Double materiality
Double materiality
Which of the following statements is TRUE
- Companies responding to CDP represent more than 50% of global market cap
- Companies responding to CDP represent more than 20% of global market cap
- Companies responding to CDP represent more than 10% of global market cap
- Companies responding to CDP represent more than 90% of global market cap
Companies responding to CDP represent more than 50% of global market cap
Which of the following is NOT an ESG analyst, agency, or data provider
- Bloomberg
- MSCI
- Sustainalytics
- SustainAbility
SustainAbility
Which of the following statements is TRUE
- Companies use their sustainability reports to report edited and normalized data to
,intermediaries
- The NGOs report additional information to intermediaries, brokers, analysts and asset
managers related to controversies in companies
- Intermediaries usually share raw data with brokers, analysts, asset managers and
investors
- The key actors in the information flow related to data availability are NGOss
The NGOs report additional information to intermediaries, brokers, analysts and asset managers
related to controversies in companies
Which of the following are NOT actors in the information flow in relation to data
availability?
- Companies
- NGOs
- Intermediaries
- Governments
Governments
Which of the following sentences is false?
- Many studies suggest that a good ESG performance cannot lead to better Corporate
Financial Performance (CFP)
- 50%of studies exhibit a significant positive relation between ESG-CFP
- 90% of studies find a non-negative ESG-CFP relationship
- ESG impacts operational metrics and financial performance
,Many studies suggest that a good ESG performance cannot lead to better Corporate Financial
Performance (CFP)
Which of the following sentences is true?
- Demand for ESG measures is increasing
- There is a lack of empirical evidence for the business, social and environmental rationale
of ESG investing
- Only one driver explains the growth of the ESG market: climate change
Demand for ESG measures is increasing
Which of the following statements is false?
- S&P has acquired RobecoSam
- Moody's has acquired Vigeo Eiris
- Fitch as acquired ISS
- MorningStar has acquired Sustainalytics
Fitch has acquired ISS
How do companies provide ESG data?
A. Interviews (including calls, emails, and questionnaires)
B. Sustainability reports only
C. Annual reports only
D. Sustainability reports, website/internet, annual reports
-B&C
-A&C
, -B&D
-A&D
A&D
The CDO request information on the risk & opportunities of climate change from the
world's largest companies. According to this, which of the following statements is false?
- CDP information is used in investment research, products, indices, and ratings (ie
Bloomberg, STOXX, etc)
- CDP provides information to its institutional investors
- CDP provides information to its signatories, as well as distributes it throughout the global
marketplace to increase transparency around climate-related investment risk
- the World's largest companies and organizations request information through CDP on
climate change, forests and water
CDP provides information to its institutional investors
Which is one of the six environmental objectives of the EU Taxonomy?
- To reduce CO2e
- Sustainable use and protection of water and marine resources
- To transition to a fossil fuel economy
- to introduce technical carbon-capture and storage tools
Sustainable use and protection of water and marine resources
Please indicate two main changes in sustainability-reporting proposed by CSRD:
A. EFRAG shall propose a dedicated standard-reporting for SME
B. Evidence of Dynamic materiality
LATEST UPDATE 2025/2026
In light of global risks and challenges, corporations need to consider and incorporate:
- Double materiality and environmental materiality
- Financial materiality
- Dynamic materiality
- Double materiality
Double materiality
Which of the following statements is TRUE
- Companies responding to CDP represent more than 50% of global market cap
- Companies responding to CDP represent more than 20% of global market cap
- Companies responding to CDP represent more than 10% of global market cap
- Companies responding to CDP represent more than 90% of global market cap
Companies responding to CDP represent more than 50% of global market cap
Which of the following is NOT an ESG analyst, agency, or data provider
- Bloomberg
- MSCI
- Sustainalytics
- SustainAbility
SustainAbility
Which of the following statements is TRUE
- Companies use their sustainability reports to report edited and normalized data to
,intermediaries
- The NGOs report additional information to intermediaries, brokers, analysts and asset
managers related to controversies in companies
- Intermediaries usually share raw data with brokers, analysts, asset managers and
investors
- The key actors in the information flow related to data availability are NGOss
The NGOs report additional information to intermediaries, brokers, analysts and asset managers
related to controversies in companies
Which of the following are NOT actors in the information flow in relation to data
availability?
- Companies
- NGOs
- Intermediaries
- Governments
Governments
Which of the following sentences is false?
- Many studies suggest that a good ESG performance cannot lead to better Corporate
Financial Performance (CFP)
- 50%of studies exhibit a significant positive relation between ESG-CFP
- 90% of studies find a non-negative ESG-CFP relationship
- ESG impacts operational metrics and financial performance
,Many studies suggest that a good ESG performance cannot lead to better Corporate Financial
Performance (CFP)
Which of the following sentences is true?
- Demand for ESG measures is increasing
- There is a lack of empirical evidence for the business, social and environmental rationale
of ESG investing
- Only one driver explains the growth of the ESG market: climate change
Demand for ESG measures is increasing
Which of the following statements is false?
- S&P has acquired RobecoSam
- Moody's has acquired Vigeo Eiris
- Fitch as acquired ISS
- MorningStar has acquired Sustainalytics
Fitch has acquired ISS
How do companies provide ESG data?
A. Interviews (including calls, emails, and questionnaires)
B. Sustainability reports only
C. Annual reports only
D. Sustainability reports, website/internet, annual reports
-B&C
-A&C
, -B&D
-A&D
A&D
The CDO request information on the risk & opportunities of climate change from the
world's largest companies. According to this, which of the following statements is false?
- CDP information is used in investment research, products, indices, and ratings (ie
Bloomberg, STOXX, etc)
- CDP provides information to its institutional investors
- CDP provides information to its signatories, as well as distributes it throughout the global
marketplace to increase transparency around climate-related investment risk
- the World's largest companies and organizations request information through CDP on
climate change, forests and water
CDP provides information to its institutional investors
Which is one of the six environmental objectives of the EU Taxonomy?
- To reduce CO2e
- Sustainable use and protection of water and marine resources
- To transition to a fossil fuel economy
- to introduce technical carbon-capture and storage tools
Sustainable use and protection of water and marine resources
Please indicate two main changes in sustainability-reporting proposed by CSRD:
A. EFRAG shall propose a dedicated standard-reporting for SME
B. Evidence of Dynamic materiality
