Chapter 1

Question 1

What does the SMART acronym stand for?

Answer 1

Specific - clear statement, easy to understand
Measurable - successor failure can be quantified
Achievable - (read the question, does it give indication of whether it is achievable or not?)
Relevant - appropriate for the mission?
Timed - have a specific time period?

Question 2

Define a Mission Statement

Answer 2

Written communication of the mission to internal and external shareholders. Should not quantifiable or time-constrained.

Question 3

What are the main Greenhouse Gases?

Answer 3

Carbon dioxide
Methane
Nitrous oxide
Ozone

Question 4

What year does the UK commit to achieving net zero?

Answer 4

2050

Question 5

What is the difference between impacts and dependencies in regards to ESG?

Answer 5

Impacts consider how the decisions an organisation makes affect ESG issues e.g. waste, emissions, water usage.

Dependencies consider how ESG issues can affect the organisation’s ability to create and maintain value e.g. worker health, climatic conditions, regulation