ISSB Trivia 5

Question 1

Under IFRS S2, what greenhouse gas measurement protocol do companies use to measure GHG emissions?

Accepted Answer

GHG Protocol Corporate Standard

Answer

IFRS S2 requires entities to use the GHG Protocol Corporate Standard to measure their greenhouse gas emissions.

Question 2

What does IFRS S1 specify regarding the timing of sustainability disclosures relative to financial statements?

Accepted Answer

Sustainability disclosures must be published at the same time as financial statements

Answer

IFRS S1 requires that sustainability-related financial disclosures be published at the same time as the related financial statements.

Question 3

Which of the following is a physical climate risk category under IFRS S2?

Accepted Answer

Chronic risks such as rising sea levels and shifting precipitation patterns

Answer

IFRS S2 classifies physical climate risks as either acute (event-driven) or chronic (long-term shifts), with rising sea levels being a chronic physical risk.

Question 4

What is a 'transition risk' in the context of IFRS S2 climate disclosures?

Accepted Answer

Risks arising from the transition to a lower-carbon economy, such as policy changes

Answer

Transition risks are risks arising from society's transition to a low-carbon economy, including policy, legal, technology, market, and reputational risks.

Question 5

How many SASB industry standards are available for use with IFRS S1?

Accepted Answer

77 industry standards

Answer

SASB developed 77 industry-specific standards across 11 sectors that companies can reference under IFRS S1.

ISSB - International Sustainability Standards Board Practice Test

ISSB - International Sustainability Standards Board Practice Test

ISSB Trivia 5