CCP ESG Frameworks & CSRD 3

Question 1

Which ESRS thematic standard specifically addresses climate change, including Scope 1, 2, and 3 GHG emissions?

Accepted Answer

ESRS E1

Answer

ESRS E1 covers climate change disclosures, requiring companies to report on transition plans, climate targets, and GHG emissions across all scopes.

Question 2

What is the primary purpose of the UN Global Compact's Ten Principles in an ESG context?

Accepted Answer

To provide a framework for businesses to align operations with human rights, labor, environment, and anti-corruption norms

Answer

The UN Global Compact's Ten Principles ask companies to align strategies and operations with universal principles on human rights, labor standards, environment, and anti-corruption.

Question 3

Under IFRS S2 (ISSB), which scenario analysis approach is explicitly recommended for assessing climate-related risks?

Accepted Answer

At least two climate scenarios, including a 1.5°C or 2°C scenario

Answer

IFRS S2 requires entities to use climate-related scenario analysis considering at least two scenarios, with one reflecting a low-emissions pathway consistent with the Paris Agreement.

Question 4

The 'S' in ESG frameworks typically encompasses which of the following reporting areas?

Accepted Answer

Labor practices, community impact, human rights, and product safety

Answer

The Social pillar in ESG frameworks covers topics such as labor conditions, human rights, community relations, and product safety throughout the value chain.

Question 5

How does the Integrated Reporting Framework (<IR>) differ from standalone sustainability reporting frameworks like GRI?

Accepted Answer

<IR> integrates financial and non-financial value creation in one concise report; GRI focuses on detailed sustainability disclosures

Answer

The <IR> Framework by IIRC aims to communicate how an organization creates value across six capitals in a concise integrated report, while GRI focuses on detailed sustainability impact disclosures.

(CCP) Certified Climate Change Professional Practice Test

(CCP) Certified Climate Change Professional Practice Test

CCP ESG Frameworks & CSRD 3