Climate reporting pitfalls

Why might organisations be reluctant to place limits on the scope of their ESG efforts?

Most organisations have little understanding of what ESG encompasses

They do not want to commit to a particular set of targets

Most organisations are too optimistic about their ESG capabilities

It would acknowledge that they cannot act ambitiously on every issue

Why might a board want to carry out an ESG materiality assessment?

To improve the business's reputation

All of the other answers

To reduce the cost of capital

To improve the business's ESG score

Why can ESG frameworks be problematic?

The number of targets generated can be overwhelming

They give a false idea of an organisation's commitment to ESG

Most businesses do not understand the scope of targets

Most businesses are not interested in achieving the targets

Who should sustainability reporting and disclosures be aimed at?

The public

Regulators

All stakeholders

Shareholders

Why is the list of ESG metrics so exhaustive?

Organisations that lack commitment will still be able to claim some ESG credentials

ESG tries to cater for multiple audiences

There is not yet a clear framework for what ESG actually covers

Too many stakeholders have had an input in establishing ESG metrics

What did Teneo's review of sustainability reports find?

Most companies did not understand what ESG involves

Most companies focused on breadth rather than depth of ESG targets

Most companies focused on shareholder concerns

Most companies missed their ESG targets

Which of the following statements is true? Statement 1, companies may focus on their sustainability efforts to mask underperformance in other areas. Statement 2, companies may focus on their suppliers' sustainability records to distract from their own inaction

Statement 1 is true

Neither statement is true

Both statements are true

Statement 2 is true

In implementing ESG, what mistakes do companies often make?

They ignore what their competitors are doing

They lump all ESG-related areas into one category

They do not employ ESG consultants

They wait for their competitors to take action

Why might executive incentives for ESG goals fail?

Financial reward should not be related to sustainability

Many give bonuses for activities that should already be happening

Team members will resent leaders receiving bonuses

Bonuses have been proven not to improve sustainability

Before a materiality assessment is undertaken, which of the following must first be understood?

All the other answers

Whether you need to incentivise innovation

How you will manage risks

How you will determine ethical imperatives

Climate reporting pitfalls

Why might organisations be reluctant to place limits on the scope of their ESG efforts?

Why might a board want to carry out an ESG materiality assessment?

Why can ESG frameworks be problematic?

Who should sustainability reporting and disclosures be aimed at?

Why is the list of ESG metrics so exhaustive?

What did Teneo's review of sustainability reports find?

Which of the following statements is true? Statement 1, companies may focus on their sustainability efforts to mask underperformance in other areas. Statement 2, companies may focus on their suppliers' sustainability records to distract from their own inaction

In implementing ESG, what mistakes do companies often make?

Why might executive incentives for ESG goals fail?

Before a materiality assessment is undertaken, which of the following must first be understood?

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