Ch05 Decoding the Governance component of ESG

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What is the purpose of B Corp Certification?

Measuring the financial impacts of sustainability

Aligning company practices with social goals (correct)

Aligning company practices with environmental goals

Ensuring human rights within the supply chain

Which tool provides global standards for sustainability reporting, including social considerations?

International Labour Organization (ILO)

B Corp Certification

Sustainability Accounting Standards Board (SASB) (correct)

CommunityMark

What does the Global Reporting Initiative (GRI) focus on?

Human rights within the supply chain

Global standards for sustainability reporting (correct)

Measuring financial impacts of sustainability

Measurement tool for community involvement

Which of the following tools measures the financial impacts of sustainability, including social considerations?

Sustainability Accounting Standards Board (SASB) Signup and view all the answers

How does the International Labour Organization (ILO) contribute to corporate governance standards?

By ensuring human rights within the supply chain Signup and view all the answers

Which internationally developed standards guide countries and organizations toward greater sustainability and corporate responsibility?

UN Sustainable Development Goals Signup and view all the answers

What is an example of a specific demand related to corporate governance standards?

Requiring companies to disclose board composition and executive pay Signup and view all the answers

Which organization's standards are commonly followed by many companies for sustainability reporting?

Global Reporting Initiative (GRI) standards Signup and view all the answers

What is a common theme in corporate governance related to balancing various stakeholders' needs?

Promoting transparency and accountability Signup and view all the answers

How has corporate social responsibility (CSR) reporting evolved over time?

It has become a routine practice at most large companies Signup and view all the answers

What is the most likely purpose of implementing controls in organizations?

To safeguard against companies cutting corners for profits Signup and view all the answers

Why do companies need to be managed according to standard norms and procedures?

To ensure ethical conduct and accountability Signup and view all the answers

What is one of the key focuses highlighted in the text regarding corporate governance?

Implementing a globally consistent risk assessment methodology tailored to local regulations Signup and view all the answers

What is an essential aspect of addressing customer concerns?

Monitoring for fraudulent activities and implementing fraud prevention systems Signup and view all the answers

What does the text suggest regarding potentially vulnerable customers?

Introducing dedicated case managers to provide personalized support Signup and view all the answers

What is a key aspect of promoting ethical business behavior?

Instilling a sense of responsibility in the corporate culture and incentivizing correct behavior Signup and view all the answers

What does the text recommend regarding digital transformation and customer feedback?

Introducing a customer-centric framework to enable digital transformation and improve real-time customer feedback metrics Signup and view all the answers

Ch05 Decoding the Governance component of ESG

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