Sustainability Reporting
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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 (B)</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 (D)</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 (C)</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 (C)</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 (B)</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 (C)</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. (A)</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 (C)</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 (B)</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 (C)</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 (D)</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 (A)</p> Signup and view all the answers
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