Deck 17: Sustainability Reporting

Question 1

Which of the following is NOT a reason why a company would prepare a sustainability report?

A) Increasing the return to shareholders
B) Demonstrating a commitment to managing the environment
C) Increasing the company's reputation
D) Improvement of management reports

Answer 1

A

Question 2

Which statement regarding the Carbon Disclosure Project (CDP)is not true?

A) The CDP is a project seeking to understand the climate change exposure of assets used by organisations.
B) The CDP lists companies that are the highest achiever in reducing energy and emissions.
C) The CDP annual survey includes information regarding climate change strategies,energy and emission reduction targets and emission performance information.
D) The CDP is a project seeking to require companies to report climate change strategies.

Answer 2

D

Question 3

Sustainability reporting refers to:

A) environmental,social and economic performance.
B) reporting on carbon emissions.
C) maximising the net returns to shareholders.
D) maximising the net profits of the organisation.

Answer 3

A

Question 4

Which of the following is NOT an example of capital that reflects on an organisation's impact and wealth?

A) Human capital
B) Working capital
C) Social capital
D) Natural capital

Question 5

Which of the following are Social GRI performance indicators?
(i)Investment: total number and percentage of significant investment agreements and contracts that include human rights clauses or that underwent human rights screening.
(ii)Occupational health and safety: type of injury and rates of injury,occupational diseases,lost days and absenteeism,and total number of work related fatalities,by region and by gender.
(iii)Compliance: monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations.

A) (i)and (ii)only
B) (i)and (iii)only
C) (ii)and (iii)only
D) (i), (ii)and (iii)

Question 6

Which of the following is NOT a reason for having sustainability reports audited?

A) To provide improved reported process
B) To improve the quality of the information in sustainability reports
C) It is a requirement of Australian accounting standards
D) To increase the credibility of sustainability reports

Question 7

Which of the following are Environmental GRI performance indicators?
(i)Emissions: direct greenhouse gas emissions.
(ii)Compliance: monetary value of significant fines and total number of non-monetary sanctions for non-compliance with environmental laws and regulations.
(iii)Products and services: percentage of products sold and their packaging materials that are reclaimed,by category.

A) (i)and (ii)only
B) (i)and (iii)only
C) (ii)and (iii)only
D) (i), (ii)and (iii)

Question 8

Which of the following is NOT a recent trend in sustainability reporting?

A) Corporate responsibility reporting helps companies grow their business and increase its value.
B) Corporate responsibility reporting has been combined with financial reporting.
C) Corporate responsibility reporting provides financial value.
D) Corporate responsibility reporting guarantees that dividends will be paid to shareholders.

Question 9

An organisation has direct control over the amount of emissions it creates through:

A) its use of fuel to operate machinery.
B) outsourcing printing activities.
C) use of electricity supplied by an electrical company.
D) no means;an organisation does not have direct control over emissions.

Question 10

Measurement and reporting of climate change related information is of use to stakeholders to:

A) evaluate the level of dividend they may receive.
B) understand the impact of the business operations on the environment.
C) identify and evaluate sustainability issues.
D) measure the impact of the business operations on the environment.

Question 11

Which of the following is NOT disclosed in sustainability reports?

A) Assessments of the impact on the local community
B) Policies and practices regarding sourcing from local suppliers
C) Initiatives to reduce greenhouse gas emissions
D) Accounting policies and estimates

Question 12

Integrated reporting:

A) includes a sustainability report regarding energy reduction and greenhouse emissions in an organisation's annual report.
B) is an additional report to be prepared by organisations as required by accounting standards.
C) reflects the commercial,social and environmental setting in which the organisation operates.
D) is additional information regarding energy emissions included in the direct report of an organisation's annual statement.

Question 13

The stakeholder engagement process does NOT involve:

A) engaging stakeholders to identify and understand sustainability issues.
B) determining the relevance of sustainability issues.
C) stakeholders in identifying and evaluating sustainability issues.
D) reporting sustainability issues to shareholders.

Question 14

The Global Reporting Initiative sets out:

A) guidelines of how to reduce carbon emissions.
B) principles to measure and report measures used to reduce carbon emissions.
C) principles to measure and report economic,environmental and social performance.
D) how organisations should behave ethically in regards to carbon emissions.

Question 15

The direct approach to the calculation of greenhouse emissions:

A) measures the energy used and emissions generated at the source.
B) uses the measurement of energy used and emissions generated at the source by an external independent body.
C) uses information from global sources to determine the average energy used and emissions generated.
D) uses default energy content and emission factors determined by an external body.

Question 16

For which item is the Global Reporting Initiative not useful?

A) Demonstrating how the organisation is influenced by expectations about sustainable development
B) Sustaining the level of dividends to shareholders
C) Comparing performance within an organisation
D) Assessing sustainability performance

Question 17

Which of the following statements regarding integrated reporting is NOT true?

A) Integrated reporting is an additional report included in the annual financial reports of an organisation.
B) An integrated report does not only report on the organisation's stewardship of its financial capital.
C) Integrated reports focus only on the most material information.
D) Integrated reporting includes short-term,medium-term and long-term considerations.

Question 18

Disclosure of information in sustainability reports is determined by:

A) the organisation who is reporting.
B) accounting standards.
C) Australian Securities Industry Commission.
D) company law reporting requirements.

Question 19

Which of the following is an environment performance indicator?

A) Policy,practices and spending on locally based suppliers
B) Direct economic value generated
C) Energy consumption within the organisation
D) Development and impact of infrastructure investments and services supported

Question 20

Which of the following is an economic performance indicator?

A) Direct energy consumption by a primary energy source
B) Percentage of products sold and their packaging materials that are reclaimed
C) Total direct and indirect gas emissions
D) Development and impact of infrastructure investments and services supported

Question 21

Which of the following is not an objective of integrated reporting?

A) To provide information about an organisation's future prospects,its risks and its plans for the future
B) To demonstrate how the organisation's performance is linked to its organisational activities and the environment in which it operates
C) To disclose the strategies undertaken to ensure divided returns to shareholders
D) To disclose the strategies and objectives of the organisation