ISSB Metrics and Targets

Question 1

Under IFRS S2, which three Scope categories of greenhouse gas emissions must an entity disclose?

Accepted Answer

Scope 1, Scope 2, and Scope 3

Answer

Scope A, Scope B, and Scope C

Answer

Direct, Indirect, and Embedded

Answer

Operational, Supply Chain, and Product

Question 2

What measurement protocol does IFRS S2 designate as the primary basis for measuring greenhouse gas emissions?

Accepted Answer

The GHG Protocol Corporate Accounting and Reporting Standard

Answer

ISO 14064-1

Answer

The TCFD Measurement Framework

Answer

The CDP Science-Based Target Protocol

Question 3

Which of the following is a cross-industry metric required by IFRS S1 that all entities must disclose regardless of their sector?

Accepted Answer

GHG emissions by Scope

Answer

Water withdrawal by source

Answer

Employee fatality rate

Answer

Waste generated by type

Question 4

Under IFRS S2, what must an entity disclose when it has set a climate-related target?

Accepted Answer

The metric used to set and track progress, the target value, the target period, and a baseline period

Answer

Only the target value and the year it was set

Answer

The metric and the responsible executive only

Answer

The target value and the board approval date

Question 5

What does 'Scope 2' GHG emissions refer to under the GHG Protocol as referenced in IFRS S2?

Accepted Answer

Indirect emissions from the generation of purchased energy consumed by the entity

Answer

Direct emissions from owned or controlled sources

Answer

All other indirect emissions in the value chain

Answer

Emissions from employee commuting

Question 6

Under IFRS S2, if an entity is unable to obtain the information needed to include a Scope 3 category in its disclosure, what must it do?

Accepted Answer

Disclose that the information is unavailable and the reason why

Answer

Simply omit that Scope 3 category without explanation

Answer

Estimate the emissions using any reasonable method

Answer

Defer the disclosure to a supplementary report

Question 7

What are industry-based metrics under the ISSB framework primarily derived from?

Accepted Answer

SASB Standards

Answer

GRI Standards

Answer

CDP questionnaires

Answer

ISO 14001 requirements