Which of the following are the TCFD recommended disclosures:a) Governance: Disclose the organization's governance around climate-related risks and opportunities.b) Strategy: Disclose the actual and potential impacts of climate-related risks and opportunities on the organization's businesses, strategy and financial planning where such information is material.c) Risk Management: Disclose how the organization identities, assesses and manages climate-related risks.d) Metric and Targets: Disclose the metrics and targets used to assess and manage relevant climate-related risks and opportunities where such information is material.Group of answer choicesd) onlyAll of the abovea), b) and d) only

Which of the following reporting standards is specifically focussed on giving guidance on how companies should report their management of climate change risk? a. IIRC b. TCFD c. GRI d. SASB

The TCFD, the G20, and central banks all over the world are concerned about which of the following kinds of climate-related risk?Group of answer choicesReputational riskGovernment and regulatory riskDirect risksAcute risksPhysical risksChronic risksTransition risksIndirect risksGovernment and regulatory riskInvestor riskBalance sheet risksCorporate governance and board riskLitigation risksAll listed options

The ISSB recently made several decisions that further clarify the role and evolution of the SASB Standards in response to extensive market feedback received on the draft IFRS Sustainability Disclosure Standards, General Sustainability-related Disclosures (IFRS S1) and Climate-related Disclosures (IFRS S2):– The ISSB confirmed that industry-specific disclosures are required and, in the absence of specific IFRS Sustainability Disclosure Standards, companies must consider the SASB Standards to identify sustainability-related risks, opportunities and appropriate metrics.– The ISSB will enhance the international applicability of the SASB Standards and continue SASB Standards projects handed over by the VRF as foundational work in 2023. In other words, the ISSB is not just preserving the SASB Standards, it is updating and improving them to provide a solid footing when companies use them when applying the new IFRS Sustainability Disclosure Standards. As part of that process, a group of ISSB members—chaired by Jeff Hales, former Chair of the SASB Standards Board—has been established and tasked with developing recommendations for the ISSB related to the maintenance, evolution and enhancement of the SASB Standards. The group will develop drafts of the required exposure drafts of amendments to the SASB Standards and, after considering the stakeholder feedback, drafts of the final amendments. The ISSB as a full board will consider the recommendations of this group in ISSB meetings (which are public) and ratify the exposure drafts and, subsequently the final amendments prepared by the group. The comment period for the exposure drafts will be the same as for those related to IFRS Sustainability Disclosure Standards.– Some commenters said the industry-based climate-related topics and metrics that the ISSB had adopted from the SASB Standards in the appendix to its exposure draft need further market exposure and improvements to be applied globally. There were also concerns that smaller companies and markets newer to climate reporting need time to get ready for those industry-specific disclosures. In a strong response to this feedback, the ISSB, while confirming the requirement for industry-specific climate information to be disclosed, decided to classify this appendix as examples of disclosures that could be provided, with the intention to make these disclosures mandatory in the future, subject to further consultation. This will give the ISSB more time to consider the need to improve these industry-based climate-related metrics and companies more time to prepare.– The ISSB decided to clarify and improve the Illustrative Guidance on S1. This important though sometimes overlooked guidance explains how preparers can identify sustainability-related risks and opportunities and the metrics to disclose material information about them – a two-step process. S1’s Illustrative Guidance will also be expanded to show how a company spanning multiple industries can use the SASB Standards in that two-step process.

Companies that persist in treating climate change solely as a corporate social responsibility issue rather than a business problem will risk the most significant consequences. Which of the following is part of a strategic approach for corporations to internalise externalities: Group of answer choicesVarious frameworks on reporting can't be used as they don't demonstrate the variations of ESG issues.Each company's approach should be the same as the environmental issues are global, not company-specific.Companies need to anticipate the ways that climate change may directly affect their businesses.

Which of the following does not require disclosure in an entity’s accounting policy note?Group of answer choicesthe fact that the entity has adopted the accruals basis of accountingthe measurement bases used in the preparation of the financial statementsthe financial reporting framework applied in the preparation of the financial statementsa description of the key accounting policies of the entity