Question 1

Which of the following is an environment performance indicator?&#10;A) Policy, practices and spending on locally based suppliers&#10;B) Direct economic value generated&#10;C) Gender and age diversity&#10;D) Energy consumption

Accepted Answer

Energy consumption is an environmental performance indicator as it directly correlates to the impact of the organization on the environment. Policy, practices and spending on locally based suppliers, direct economic value generated, and gender and age diversity are important indicators, but they are not directly related to environmental performance.

Question 2

Which of the following is an economic performance indicator?&#10;A) Direct energy consumption by a primary energy source&#10;B) Percentage of products sold and their packaging materials that are reclaimed&#10;C) Total direct and indirect gas emissions of suppliers&#10;D) None of the above

Accepted Answer

None of the above options are economic performance indicators. Direct energy consumption, reclaimed products and packaging materials, and gas emissions of suppliers are environmental performance indicators. Economic performance indicators include things such as revenue, return on investment, and profit margins.

Question 3

The stakeholder engagement process does NOT involve:&#10;A) engaging stakeholders to identify and understand sustainability issues.&#10;B) determining the relevance of sustainability issues.&#10;C) reporting sustainability issues to shareholders.&#10;D&#10;Engaging stakeholders in assurance of the sustainability report.

Accepted Answer

D

Question 4

Integrated reporting:&#10;A) includes a sustainability report regarding energy reduction and greenhouse emissions in an organisation's annual report.&#10;B) is an additional report to be prepared by organisations as required by accounting standards.&#10;C) reflects the commercial, social and environmental setting in which the organisation operates.&#10;D) None of the above

Accepted Answer

Integrated reporting reflects the commercial, social, and environmental setting in which the organisation operates, providing a holistic view of the organization's strategy, governance, performance, and prospects in the context of its external environment.

Question 5

Which of the following is NOT an objective of integrated reporting?&#10;A) To provide information about an organisation's future prospects, its risks and its plans for the future&#10;B) To demonstrate how the organisation's performance is linked to its organisational activities and the environment in which it operates&#10;C) To disclose the strategies undertaken to ensure dividend returns to shareholders&#10;D) To disclose the strategies and objectives of the organisation

Accepted Answer

The disclosure of strategies to ensure dividend returns to shareholders is not an objective of integrated reporting. The objectives of integrated reporting include providing information about an organization's future prospects, risks, and plans for the future, demonstrating how the organization's performance is linked to its activities and environment, and disclosing its strategies and objectives.

Question 6

Which of the following is NOT disclosed in sustainability reports?&#10;A) Assessments of the impact on the local community&#10;B) Policies and practices regarding sourcing from local suppliers&#10;C) Accounting policies and estimates&#10;D) Initiatives to reduce greenhouse gas emissions

Accepted Answer

Sustainability reports generally do not disclose accounting policies and estimates as these are considered to be internal, financial reporting matters. The other options, assessments of impact on the local community, policies and practices regarding sourcing from local suppliers, and initiatives to reduce greenhouse gas emissions, are all commonly disclosed in sustainability reports.

Question 7

Which of the following are Environmental GRI performance indicators?  &#10;A) i and ii only&#10;B) i and iii only&#10;C) ii and iii only&#10;D) i, ii and iii

Accepted Answer

The answer of Which of the following are Environmental GRI...

Question 8

Which of the following is NOT a reason for having sustainability reports audited?&#10;A) To provide improved reporting processes&#10;B) To improve the quality of the information in sustainability reports&#10;C) To meet the requirements of Australian accounting standards&#10;D) To increase the credibility of sustainability reports

Accepted Answer

The reason stated in option C is not relevant to having sustainability reports audited as Australian accounting standards do not specifically require sustainability reports to be audited. The other options are valid reasons for having sustainability reports audited.

Question 9

Which of the following statements regarding integrated reporting is NOT true?&#10;A) Integrated reporting is an additional report included in the annual financial reports of an organisation.&#10;B) An integrated report includes the strategies and objectives of the organisation.&#10;C) Integrated reports focus on the most material information.&#10;D) Integrated reporting includes short-term, medium-term and long-term considerations.

Accepted Answer

Integrated reporting is not an additional report but rather a holistic approach that integrates the financial and non-financial aspects of an organization's performance into one comprehensive report. It is not a separate report but rather an integrated one.

Question 10

Which of the following is NOT a reason why a company would prepare a sustainability report?&#10;A) Being compliant with accounting standards&#10;B) Demonstrating a commitment to managing the environment&#10;C) Increasing the company's reputation&#10;D) Improvement of management processes

Accepted Answer

A sustainability report is not prepared solely for the purpose of being compliant with accounting standards. It is prepared to demonstrate the company's commitment to managing the environment, increasing its reputation and improving management processes.

Question 11

Disclosure of information in sustainability reports is determined by:&#10;A) senior management of the organisation that is reporting.&#10;B) accounting standards.&#10;C) Australian Securities Industry Commission.&#10;D) company law reporting requirements.

Accepted Answer

The answer of Disclosure of information in sustainability reports is...

Question 12

Sustainability reporting refers to:&#10;A) environmental, social and economic performance.&#10;B) reporting on carbon emissions.&#10;C) maximising the net returns to shareholders.&#10;D) integrated reporting, which is an additional report included in the annual financial reports of an organisation.

Accepted Answer

The answer of Sustainability reporting refers to:&#10;A) environmental, social and...

Question 13

The Global Reporting Initiative sets out:&#10;A) guidelines on how to reduce carbon emissions.&#10;B) principles to measure and report measures used to reduce carbon emissions.&#10;C) principles to measure and report economic, environmental and social performance.&#10;D) how organisations should behave ethically in regards to carbon emissions.

Accepted Answer

The answer of The Global Reporting Initiative sets out:&#10;A) guidelines...

Deck 17: Sustainability Reporting