S1 Sustainability reporting standards

The IFRS Sustainability Disclosure Standard that sets general requirements for sustainability-related financial information is:

• 1 IFRS 18
• 2 IAS 1
• 3 IFRS S1
• 4 IFRS S2

Under IFRS S2, a company's gross Scope 1 emissions are:

• 1 Emissions from purchased electricity
• 2 Emissions from suppliers
• 3 Direct emissions from sources the company owns or controls
• 4 Emissions from product use by customers

Scope 1 is 12,000 tonnes, Scope 2 is 8,000 and Scope 3 is 80,000 tonnes of CO2e. Revenue is $200m. Emissions intensity per $ million of revenue is:

• 1 60 tonnes
• 2 20 tonnes
• 3 100 tonnes
• 4 500 tonnes

The sustainability information required by IFRS S1 is reported for:

• 1 Only the parent company
• 2 The industry
• 3 The same reporting entity and period as the financial statements
• 4 Any entity chosen by management

Which of the following is a physical climate risk?

• 1 A carbon tax
• 2 A shift in consumer preferences
• 3 New disclosure laws
• 4 Damage to a factory from flooding

The primary users of general purpose sustainability-related financial disclosures are:

• 1 Investors, lenders and other creditors
• 2 Regulators only
• 3 Employees only
• 4 Customers

A framework that requires an entity to report both its impact on people and the environment and the effect on its own value is based on:

• 1 Performance materiality
• 2 Financial materiality only
• 3 Double materiality
• 4 Clearly trivial thresholds