Deck 11: Sustainability and Environmental Accounting

Question 1

The Kyoto Protocol:

A)Commits countries to achieving specific greenhouse gas emissions reductions.
B)Forbids trading in greenhouse gases.
C)Sets standards on corporate reporting of carbon emissions.
D)All of the above.

Answer 1

A

Question 2

Climate change has the ability to impact on traditional financial accounting in what way?

A)Asset Impairment.
B)Risk disclosure.
C)Liability valuation.
D)All of the above.

Answer 2

D

Question 3

In regards to the Global Reporting Initiative (GRI),Which of the following is true:

A)it was launched in 1997 as an initiative to develop a globally accepted reporting framework.
B)it includes 55 core indicators and 29 additional indicators across environmental,economic and social performance areas.
C)it is the most widely recognised and commonly used guidelines for sustainability reporting.
D)all of the above.

Answer 3

D

Question 4

The UN's Principles of Responsible Investment have main been adopted by which types of organisations?

A)Institutional Investors.
B)Governments.
C)Mining Companies.
D)Builders.

Question 5

ISO 14001 Environmental Management requires certifying companies to assess environmental performance against:

A)Industry benchmarks.
B)Government set standards.
C)Internally developed policies,objectives and targets.
D)Internationally established values.

Question 6

Which of the following terms is commonly used to mean Sustainability Reporting?

A)Environmental,Social and Governance Reporting.
B)Triple Bottom Line Reporting.
C)Corporate Social Reporting.
D)All of the above.

Question 7

According to the research undertaken to date,what is the relationship between environmental performance and disclosure of corporations?

A)Good performers have good disclosure,but no relationship has been found for poor performers.
B)Poor performers have good disclosure,but no relationship has been found for good performers.
C)Poor performers have poor disclosure,but no relationship has been found for good performers.
D)Research has not drawn any clear conclusions.

Question 8

The International Integrated Reporting Committee was formed by which two bodies?

A)UNHCR and IASB.
B)GRI and A4S.
C)NGO and GRI.
D)IASB and FASB.

Question 9

The IASB project on Accounting for Carbon Emissions:

A)Is currently an Exposure Draft (ED133/A).
B)Part of the IASB research program.
C)Is complete with the release of IFRS 4.
D)Does not exist.

Question 10

Stakeholder power is general considered to relate to which of the following factors?

A)How vocal they are prepared to be.
B)The degree of control they have over resources required by the organisation.
C)The amount of impact the organisation has on them.
D)None of the above.

Question 11

Which of the following statements about Intragenerational Equity is NOT true:

A)It is concerned with poverty and access to food,water and shelter.
B)It is an important component of eco-justice.
C)It means that future generations should not have a lower quality of life.
D)None of the above,i.e.they are all true.

Question 12

The three parts of the triple bottom line are:

A)Economic,Environmental and Social.
B)Economic,Stakeholder and Employee.
C)Financial,Economic and Government.
D)Financial,Customer and Government.

Question 13

An emissions trading scheme:

A)Allows the trade of excess emissions permits.
B)Usually involves substantial fines for excessive polluters.
C)Can also be referred to as a 'cap and trade' scheme.
D)All of the above.

Question 14

Ethical investment funds might be concerned about how individual companies address climate change because:

A)They believe companies that address environmental risks will perform better in the long run.
B)They believe carbon emissions proxy for economic performance.
C)They don't want to invest money on companies that waste money.
D)None of the above.

Question 15

An EMS is a:

A)Ecological Maintained Source.
B)Environmental Management System.
C)Emissions Measurement Scheme.
D)Ethical Mission Statement.

Question 16

The Brundtland report defined sustainable development as "development that…":

A)meets the needs of the future without compromising the ability of current generations to meet their own needs.
B)meets the needs of the present without compromising the ability of future generations to meet their own needs.
C)allows all people to meet their needs to an equal degree.
D)continues at the current pace,neither increasing nor decreasing into the foreseeable future.

Question 17

Which of the following is NOT considered a stakeholder with potential interests in corporate sustainability?

A)Government.
B)Media.
C)Banks.
D)None of the above i.e.They are all potential interested in corporate sustainability.