Sustainability Reporting
15 Questions
2 Views

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Questions and Answers

What is the primary purpose of sustainability reporting?

  • To communicate performance and impacts on sustainability topics (correct)
  • To maximize profits for the company
  • To attract more investors
  • To comply with government regulations

    • Which of the following is a key aspect covered in sustainability reporting?

  • Environmental, social, and governance parameters (correct)
  • Employee salaries and benefits
  • Customer satisfaction ratings
  • Marketing strategies and sales figures

    • What is fundamental to creating a sustainable global economy and a thriving world?

  • Maximizing shareholder wealth
  • Expanding into new international markets
  • Reducing operational costs
  • Building and maintaining trust in businesses and governments (correct)

    • Which framework is the most widely adopted in sustainability reporting?

    <p>Global Reporting Initiative Standards</p> Signup and view all the answers

    What other forms of non-financial reporting are related to sustainability reporting?

    <p>Triple bottom line reporting and corporate social responsibility (CSR) reporting</p> Signup and view all the answers

    What does sustainability reporting enable companies to be more transparent about?

    <p>Their performance and impacts on sustainability topics</p> Signup and view all the answers

    What is a key benefit of sustainability reporting for stakeholders?

    <p>Greater insight into company performance beyond financials</p> Signup and view all the answers

    Why are decisions made by businesses and governments rarely based on financial information alone?

    <p>Because they consider risks and opportunities related to various factors</p> Signup and view all the answers

    What is fundamental to creating a sustainable global economy and a thriving world?

    <p>Building and maintaining trust in businesses and governments</p> Signup and view all the answers

    What are the decisions made by businesses and governments that have direct impacts on stakeholders based on?

    <p>Risks and opportunities related to various factors including sustainability topics.</p> Signup and view all the answers

    What is the primary aim of environmental accounting, as defined in the guidelines?

    <p>Maintaining a favorable relationship with the community</p> Signup and view all the answers

    How does environmental accounting help a company in relation to environmental conservation activities?

    <p>It identifies the cost of environmental conservation</p> Signup and view all the answers

    What is considered as environmental conservation according to the guidelines?

    <p>Prevention, reduction, and/or avoidance of environmental impact</p> Signup and view all the answers

    What are the environmental impacts mentioned in the guidelines?

    <p>Obstacles hindering the preservation of a favorable environment</p> Signup and view all the answers

    What is the purpose of providing the best possible means of quantitative measurement in environmental accounting?

    <p>To support the communication of results</p> Signup and view all the answers

    More Like This

    Use Quizgecko on...
    Browser
    Open
    Browser
    Browser