Non-Financial Reporting Quiz

Quiz Questions

• 1.
  The Global Reporting Initiative (GRI) reporting frameworks are considered to be the world’s most widely used sustainability reporting standards. In what year was the GRI founded?

  • A.
    1979
  • B.
    2007
  • C.
    1997
• 2.
  The IFRS S1 & S2 Sustainability Disclosure Standards were developed in conjunction with which body?

  • A.
    SASB
  • B.
    EFRAG
  • C.
    ISSB
• 3.
  IFRS S2 covers general disclosure requirements for an organisation, True or False?

  • A.
    True
  • B.
    False
• 4.
  Which of these countries is not considering the adoption of the IFRS framework?

  • A.
    United Kingdom
  • B.
    Brazil
  • C.
    Denmark
• 5.
  The European Financial Reporting Advisory Group (EFRAG) created how many Topical Standards for the Corporate Sustainability Reporting Directive (CSRD)?

  • A.
    12
  • B.
    10
  • C.
    13
• 6.
  Which disclosure framework requires companies to undertake a double materiality assessment?

  • A.
    CSRD
  • B.
    IFRS
• 7.
  The EU Omnibus Edition proposes several changes to CSRD to reduce reporting burden, which of the changes below have been proposed?

  • A.
    Reduction in number of reporting data points
  • B.
    Increased company size thresholds
  • C.
    The removal of Scope 3 emissions reporting
• 8.
  In India, the Securities Exchange Board of India (SEBI) has produced two reporting frameworks for a company’s own disclosure and a disclosure on their supply chain. The Business Reporting Sustainability Standards (BRSR) Core framework relates specifically to the reporting entity, true or false?

  • A.
    True
  • B.
    False
• 9.
  What does the recently introduced TNFD reporting framework stand for?

  • A.
    Taskforce for Non-financial Disclosures
  • B.
    Taskforce for Nature-related Financial Disclosures
  • C.
    Treaty for Naturalised Forest Disclosures
• 10.
  Countries based outside of the European Union will not be required to report under CSRD, true or false?

  • A.
    True
  • B.
    False

Quiz Outcomes

• 1.
  Result 1
• 2.
  Result 2