Deck 11: Sustainability and Environmental Accounting

Question 1

An emissions trading scheme:

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

Answer 1

D

Question 2

Which of the following is NOT a use for sustainability reports prepare under the GRI framework?

A) Demonstrating organisational commitment to sustainable development
B) Comparing organisational performance over time
C) Measuring organisational performance with respect to laws
D) None of the above, i.e. they are all uses for sustainability reports under GRI

Answer 2

D

Question 3

The three parts of the triple bottom line are:

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

Answer 3

B

Question 4

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

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

Question 5

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

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

Question 6

Which of the following is NOT a Labour Practices and Decent Work performance indicator under GRI?

A) Workforce by gender
B) Assessment of product life cycle stages for health and safety risks
C) Education and training programs in place
D) None of the above, i.e. they are all Labour Practices and Decent Work performance indicators.

Question 7

Which of the following statements is most correct regarding Environmental, Social and Governance Reports?

A) They are becoming mandatory in an increasing number of countries
B) They are not currently required in any country
C) They are required as part of the IASB's accounting standards
D) Norway is leading the way with regards to requiring reporting

Question 8

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

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

Question 9

An EMS is a:

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

Question 10

Which of the following is an Environmental Performance Indicator under the GRI framework?

A) Rates of injury
B) Impacts of transport
C) Anti-corruption policies
D) None of the above

Question 11

As of 2012, the IASB project on Accounting for Carbon Emissions

A) Is complete with the release of IFRS 4
B) Is currently an Exposure Draft (ED133/A)
C) Is currently paused
D) Does not exist

Question 12

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

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

Question 13

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

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

Question 14

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

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

Question 15

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

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

Question 16

The Kyoto Protocol:

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

Question 17

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

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

Question 18

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

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

Question 19

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

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

Question 20

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

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