Practice Test Geeks(CEP) Certified Environmental, Social, and Governance (ESG) Planner Practice Test
← All CEP Flashcard Decks

Environmental Risk Assessment & Management Flashcards

7 cards from real CEP practice questions. Tap to flip, then mark Knew It or Still Learning — missed cards come back until you master them.

Read the first 7 Environmental Risk Assessment & Management flashcards as text

  1. In environmental due diligence, a Phase I ESA is designed to identify:

    Answer: Recognized Environmental Conditions (RECs) through records review and site reconnaissance

    A Phase I ESA identifies Recognized Environmental Conditions through historical records review, regulatory database searches, and visual site inspection without collecting environmental samples.

  2. The TCFD framework categorizes transition risks from climate change into which main categories?

    Answer: Policy/legal, technology, market, and reputational risks

    TCFD defines transition risks as arising from policy/legal changes, technology shifts, evolving market conditions, and reputational impacts associated with the transition to a lower-carbon economy.

  3. When applying the EPA's Superfund removal/remedial action framework, which action addresses immediate threats while longer-term remediation is planned?

    Answer: Removal Action

    Removal actions under CERCLA address immediate or short-term threats at contaminated sites while the longer-term remedial process (RI/FS and ROD) is being developed.

  4. Biodiversity risk in ESG assessments is most directly linked to which of the following frameworks?

    Answer: TNFD – Taskforce on Nature-related Financial Disclosures

    The TNFD provides a framework for organizations to assess, manage, and disclose nature-related risks and opportunities, including biodiversity loss.

  5. A company's 'residual risk' after implementing environmental controls is best described as:

    Answer: The risk that remains after all feasible risk management measures have been applied

    Residual risk is the remaining level of risk after all applicable risk controls, mitigation measures, and treatments have been implemented.

  6. Under the Resource Conservation and Recovery Act (RCRA), the 'cradle-to-grave' principle applies to:

    Answer: Hazardous waste from generation through ultimate disposal

    RCRA's cradle-to-grave system tracks hazardous waste from the point of generation through transportation, treatment, storage, and final disposal to ensure environmental protection throughout.

  7. In scenario analysis for climate-related environmental risk, a '1.5°C pathway' scenario is used to assess:

    Answer: Transition risks and opportunities from policies and market changes needed to limit warming to 1.5°C

    A 1.5°C pathway scenario examines the transition risks (policy, technology, market) and opportunities that would arise from the aggressive decarbonization needed to limit warming to 1.5°C above pre-industrial levels.