Module 12: Non-financial reporting in practice

Question 1

Sustainability reporting can be divided into two types?

Answer 1

• The impact on the business of environmental and social issues
• The impact of the business on the environment and society

Question 2

What are the key environmental issues facing businesses today?

Answer 2

• Climate change
• Resource depletion and sustainable sourcing
• Embracing the circular economy - minimising waste and pollution
• Biodiversity conservation

Question 3

What are the three key responses countries have committed to in the Paris Agreement?

Answer 3

• Mitigation
• Adaptation
• Finance

Question 4

When directors are preparing disclosures they are required to:

Answer 4

• Refer to the principles in the IFRS sustainability disclosure standards
• Refer to the disclosure topics in the appropriate SASB standards
• Use their professional judgement in deciding what information is relevant, and how to best present that information

Question 5

What does Scope 1 emissions refer to?

Answer 5

Direct GHG emissions from owned or controlled sources

Question 6

What does scope 2 and 3 refer emissions to?

Answer 6

Scope 2- Emissions from the energy consumed by a business

Scope 3 - Emissions generated throughout the value chain by supplier, customers and staff

Question 7

What are directors required to do when they are preparing disclosures in accordance with IFRS Sustainability Disclosure Standards?

Answer 7

Refer to the detailed guidance in the Sustainability Accounting Standards

Question 8

The strategic report must include information relating to?

Answer 8

• The entity’s workforce
• Issues relating to social responsibility and relations with the community
• Human rights issues
• For PIE’s: anti corruption and anti-bribery matters