L4M8 Outcome 4 ESG Flashcards
What does booming mean?
A term to describe when an economy is in rapid growth.
What is a bull market?
A market that is growing steadily. There are a lot of jobs and ESG companies will find it easier to recruit.
What is a bear market?
A market that is shrinking or in decline.
Which ISO helps to establish, implement, and maintain an information security management system (ISMS)?
ISO 27001
Which ISO is an international standard for environmental management systems (EMS)?
ISO 14001
What are the five aspects of ethics?
Define
Prevent
Detect
Respond
Evaluate
Explain what Define means?
Identify ethics and compliance risk.
Explain what Prevent means?
Prevent ethics and compliance issues.
Explain what Detect means?
Detect non-compliance.
Explain what Respond means?
Respond to allegations and violations.
What does Evaluate mean in the Ethics cycle?
Monitor and continue to improve.
What does RACI stand for?
Responsible, Accountable, Consulted and Informed
What is the purpose of the CIPS code of conduct?
- Outline actions and behaviours.
- Promotes ESG and responsible ethical sourcing & supply.
- Encourages concerns to be raised.
Enhance standing of profession and maintain integrity.
No unethical behaviour, professional, disclose conflicts of interest.
Promote the eradication of unethical business practices.
Regularly conduct due diligence and do CPD.
Enhance the proficiency and stature of the profession.
Gain knowledge through CPD and look at positive examples e.g. C&P.
Ensure full compliance with laws and regulations.
Look at C&P and Council too.
What are the four Ds in dealing with a conflict of interest?
Disclose, distance, delegate, and disassociate.
