20 June 2023

Sustainability reporting faces challenges

Multiple-choice questions: In order to be awarded CPD units you must answer the following five random questions correctly. If you fail the test, please reread the article before attempting the questions again.

  1. When do the European Sustainability Reporting Standards start to come into force?

  2. Which of the following statements is correct? Statement 1, many of the European Sustainability Reporting Standards are voluntary. Statement 2, all of the European Sustainability Reporting Standards are mandatory.

  3. What concern about the standards has been raised by the European Sustainability Investment Forum?

  4. How much does the European Commission calculate that the changes to the standards could save preparers?

  5. Which directive does the Corporate Sustainability Reporting Directive replace?

  6. Which EU companies will be covered by the Corporate Sustainability Reporting Directive in the first stage of implementation?

  7. Which of the following statements is correct? Statement 1, listed non-EU companies must report under the Corporate Sustainability Reporting Directive. Statement 2, non-EU companies with a large EU subsidiary must report under the Corporate Sustainability Reporting Directive.

  8. Which of the following is not an area covered by the European Sustainability Reporting Standards?

  9. What has been a criticism of the European Sustainability Reporting Standards?

  10. Which of the following statements is correct? Statement 1, the revised standards introduce the concept of double materiality. Statement 2, the revised standards require companies to examine the ESG position of suppliers.

1 Unit