CEP CEP Climate Change Strategy & Carbon Management

Question 1

What does 'Scope 1' greenhouse gas emissions refer to under the GHG Protocol?

Accepted Answer

Direct emissions from owned or controlled sources

Answer

Indirect emissions from purchased energy

Answer

Value chain emissions from suppliers

Answer

Emissions from product end-of-life disposal

Question 2

Which international agreement established legally binding emissions reduction targets for developed nations and introduced carbon market mechanisms?

Accepted Answer

Kyoto Protocol

Answer

Paris Agreement

Answer

Montreal Protocol

Answer

Copenhagen Accord

Question 3

What is a 'Science-Based Target' (SBT) in the context of corporate climate strategy?

Accepted Answer

An emissions target aligned with the level of decarbonization required to meet Paris Agreement temperature goals

Answer

Any internally set emissions reduction goal

Answer

A target validated by a company's internal science team

Answer

A regulatory minimum set by the EPA

Question 4

Which carbon accounting methodology distinguishes between market-based and location-based approaches for Scope 2 emissions?

Accepted Answer

GHG Protocol Scope 2 Guidance

Answer

TCFD framework

Answer

ISO 14064

Answer

CDP disclosure standard

Question 5

What is 'carbon neutrality' as typically defined in corporate climate commitments?

Accepted Answer

Balancing the amount of carbon emitted with an equivalent amount offset or removed

Answer

Achieving zero Scope 1 emissions through operational changes only

Answer

Reducing all three scopes of emissions to absolute zero

Answer

Purchasing renewable energy certificates equal to total electricity use

Question 6

What is a 'transition risk' in climate-related financial risk assessment per TCFD recommendations?

Accepted Answer

Financial risk arising from the shift to a lower-carbon economy, such as policy changes or technology shifts

Answer

Physical damage to assets from extreme weather events

Answer

Legal liability from environmental contamination

Answer

Supply chain disruption from natural disasters