1. The current status of sustainability reporting today could be classified as such:
   1. Firms act ethically by meeting regulatory demands to avoid punitive and reputation damages
   2. Most firms have systematic alignment of mission, strategy, and CSR, which are fully integrated into their financial and non-financial objectives (i.e., core values)
   3. Firms voluntary report about their responsibilities following a major crisis in their industry as a form of PR/crisis management
   4. Many firms have corporate shared values that they express as a way to manage risk and signal moral responsibility

2. Clarion Bank and Trust (CBT) is a local bank based in a small town in the American Midwest. The towns only other bank, a branch of a large multinational, recently closed. One of the following CSR topics is substantially more likely to be highly material for CBT than the others. Identify this topic.

1. Biodiversity impacts
2. Child and forced labor
3. Air pollution
4. Workplace health and safety
5. Access and affordability

3. Garner Pharmaceuticals is a Canadian drug company that manufactures eye medications. One of the following CSR topics is substantially more likely to be highly material for Garner than the others. Identify this topic.
   1. Fuel management and transportation
   2. Child and forced labor
   3. Air pollution
   4. Product quality and safety
   5. Biodiversity impacts