TRUE OR FALSE

1. Sustainability information includes both financial and non-financial information.

2. Financial information is often more difficult to handle because there are generally no accepted reporting principles and the data can take many different forms.

3. SASB Standards capture information about corporate performance along five key dimensions of sustainability: the environment, social capital, human capital, business model and innovation, and business capital.

MCQ

1. The following attributes may serve as basis for "suitable criteria", except *

Objectivity

Measurability

Completeness

Materiality

The following are the beneficiaries of Sustainability Accounting Standards, except: *

Investors

Companies

Policymakers

Consumers

This factor assesses the likelihood that corporate performance on the topic will have a direct and measurable impact on near- or medium-term financial performance *

Financial Impacts & Risk

Industry Norms & Competitive Drivers

Opportunities for Innovation

Stakeholder Concerns & Social Trends

Which of the following statements in relation to sustainable development is not true? *

Sustainable development is defined as the development that meets the needs of present without compromising the ability of our future generations to meet their own needs.

Sustainability has the main objective of purely focusing on the natural environment.

Sustainable development of various countries and the entire world is the only solution left with mankind to survive for a longer period on Earth.

Sustainable development not only considers the protection of the environment but also the maintenance of economic viability as well as the social and ethical considerations.

This dimension relates to the perceived role of business in society, or the expectation that a business will contribute to society in return for a social license to operate. *

Leadership and Governance

Business Model and Innovation

Social Capital

Human Capital

These are industry-specific standards that are used to identify financially material sustainability issues. *

SASB

Sustainability Reports

Conceptual Framework

IASB

ESSAY

1. What is the purpose of SASB?

2. How does sustainability relate to ethical decision making and social responsibility?