Question 1

The majority of companies that report sustainability performance in the S&P 500 use the ______ framework, which is the most widely used sustainability reporting framework in the world.

Accepted Answer

The Global Reporting Initiative (GRI) framework is the most widely used sustainability reporting framework in the world, adopted by a majority of companies in the S&P 500 for reporting their sustainability performance.

Question 2

The World Resources Institute and the World Business Council for Sustainable Development partnered to develop the ______, an accounting tool used to understand, quantify, and manage greenhouse gas emissions.

Accepted Answer

The Greenhouse Gas Protocol is the accounting tool developed by the World Resources Institute and the World Business Council for Sustainable Development to help organizations understand, quantify, and manage greenhouse gas emissions.

Question 3

Greenhouse gas ______ is a tool for organizations to determine the quantity and source of carbon dioxide emissions.

Accepted Answer

Footprinting is the correct term because it refers to the process of measuring and analyzing the amount of greenhouse gases produced by an organization, which helps in identifying the sources of emissions and strategizing for reduction.

Question 4

______ analysis is used to quantify impacts on climate change, air quality, water resources, forests, fisheries, and soil quality, among other environmental mediums.

Accepted Answer

Environmental footprint analysis is specifically designed to quantify impacts on various environmental aspects, including climate change, air quality, water resources, forests, fisheries, and soil quality.

Question 5

Water ______ tools measure water use, polluted water discharge, and water- related business risks across a variety of geographic contexts and industry sectors.

Accepted Answer

Water footprint tools are designed to assess water use, pollution, and associated risks in different contexts, reflecting not just the amount of water used but also its environmental impact.

Question 6

The World Resources Institute developed ______, an online global database of local and global water risk indicator metrics and reporting standards.

Accepted Answer

The World Resources Institute developed Aqueduct, an online global database that provides local and global water risk indicator metrics and reporting standards.

Question 7

The analytical tool that assesses the impacts of groundwater withdraws is called groundwater footprint, defined as the area required to sustain groundwater use and groundwater-dependent ______.

Accepted Answer

The groundwater footprint assesses the impacts of groundwater withdrawals, focusing on the area needed to sustain groundwater use and support groundwater-dependent ecosystem services. These services include water purification, habitat provision, and support for biodiversity, which are crucial for maintaining ecological balance and supporting human needs.

Question 8

A manufacturing company decides to report its greenhouse gas footprint. The indirect emissions resulting from electricity consumption, generated by the electricity provider to fulfill the manufacturer's demand forecasts, are an example of ______ Emissions.

Accepted Answer

Scope 2 emissions are the indirect emissions from the generation of purchased energy by a company. In this case, the electricity consumed by the manufacturing company, which is generated by the electricity provider, falls under Scope 2 emissions.

Question 9

A factory that emits carbon dioxide decides to report its greenhouse gas footprint. Their direct emissions from internal operations are an example of ______ Emissions.

Accepted Answer

Scope 1 emissions are direct emissions from owned or controlled sources, which in this case applies to the factory's emissions from its internal operations.

Question 10

A retail company decides to report its greenhouse has footprint. The emissions caused by suppliers of the manufacturing company that fabricates the products the retailer sells, are an example of ______ Emissions.

Accepted Answer

Scope 3 emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly impacts in its value chain. In this case, emissions from suppliers manufacturing products for the retailer fall under Scope 3, as they are part of the retailer's value chain but not directly controlled by the retailer.

Question 11

The Information-Driven Sustainable Business Model uses a continual process of monitoring and ______ information that enables a company to be responsive to stakeholder concerns and environmental considerations while meeting its own performance goals.

Accepted Answer

The answer of The Information-Driven Sustainable Business Model uses a...

Question 12

The Greenhouse Gas ______, a partnership between the World Resources Institute and the World Business Council for Sustainable Development, is an accounting tool used to understand, quantify, and manage greenhouse gas emissions.

Accepted Answer

The answer of The Greenhouse Gas ______, a partnership between...

Question 13

Water ______ tools measure water use, polluted water discharge, and water- related business risks across a variety of geographic contexts and industry sectors.

Accepted Answer

The answer of Water ______ tools measure water use, polluted...

Question 14

Information is ______ if there is a substantial likelihood that a reasonable investor would consider it important to an investment decision.

Accepted Answer

The answer of Information is ______ if there is a...

Question 15

The Global ______ Initiative (GRI) provides comprehensive sustainability disclosure frameworks for organizations to promote economic, environmental, and social sustainability.

Accepted Answer

The answer of The Global ______ Initiative (GRI) provides comprehensive...

Question 16

What issues should a company consider before responding to an advocacy organization's request for information about its sustainability performance?

Accepted Answer

The answer of What issues should a company consider before...

Question 17

How does the Corporate Knight's Global 100 List use the Global Reporting Initiative to rank companies by sustainable performance?

Accepted Answer

The answer of How does the Corporate Knight's Global 100...

Question 18

How does PUMA's Environmental Profit & Loss natural capital accounting tool use life-cycle assessment? Include all four steps of the life-cycle assessment process.

Accepted Answer

The answer of How does PUMA's Environmental Profit & Loss...

Question 19

Describe groundwater footprinting and the state of global groundwater resources.

Accepted Answer

The answer of Describe groundwater footprinting and the state of...

Question 20

How does the SEC's MD&A analysis influence corporate disclosure obligations? Include an explanation of materiality.

Accepted Answer

The answer of How does the SEC's MD&A analysis influence...

Quiz 5: Metrics, Tools, and Reporting: The Role of Finance and Accounting

The majority of companies that report sustainability performance in the S&P 500 use the ______ framework, which is the most widely used sustainability reporting framework in the world.

The World Resources Institute and the World Business Council for Sustainable Development partnered to develop the ______, an accounting tool used to understand, quantify, and manage greenhouse gas emissions.

Greenhouse gas ______ is a tool for organizations to determine the quantity and source of carbon dioxide emissions.

______ analysis is used to quantify impacts on climate change, air quality, water resources, forests, fisheries, and soil quality, among other environmental mediums.

Water ______ tools measure water use, polluted water discharge, and water- related business risks across a variety of geographic contexts and industry sectors.

The World Resources Institute developed ______, an online global database of local and global water risk indicator metrics and reporting standards.

The analytical tool that assesses the impacts of groundwater withdraws is called groundwater footprint, defined as the area required to sustain groundwater use and groundwater-dependent ______.

A manufacturing company decides to report its greenhouse gas footprint. The indirect emissions resulting from electricity consumption, generated by the electricity provider to fulfill the manufacturer's demand forecasts, are an example of ______ Emissions.

A factory that emits carbon dioxide decides to report its greenhouse gas footprint. Their direct emissions from internal operations are an example of ______ Emissions.

A retail company decides to report its greenhouse has footprint. The emissions caused by suppliers of the manufacturing company that fabricates the products the retailer sells, are an example of ______ Emissions.

The Information-Driven Sustainable Business Model uses a continual process of monitoring and ______ information that enables a company to be responsive to stakeholder concerns and environmental considerations while meeting its own performance goals.

The Greenhouse Gas ______, a partnership between the World Resources Institute and the World Business Council for Sustainable Development, is an accounting tool used to understand, quantify, and manage greenhouse gas emissions.

Water ______ tools measure water use, polluted water discharge, and water- related business risks across a variety of geographic contexts and industry sectors.

Information is ______ if there is a substantial likelihood that a reasonable investor would consider it important to an investment decision.

The Global ______ Initiative (GRI) provides comprehensive sustainability disclosure frameworks for organizations to promote economic, environmental, and social sustainability.

What issues should a company consider before responding to an advocacy organization's request for information about its sustainability performance?

How does the Corporate Knight's Global 100 List use the Global Reporting Initiative to rank companies by sustainable performance?

How does PUMA's Environmental Profit & Loss natural capital accounting tool use life-cycle assessment? Include all four steps of the life-cycle assessment process.

Describe groundwater footprinting and the state of global groundwater resources.

How does the SEC's MD&A analysis influence corporate disclosure obligations? Include an explanation of materiality.