S1 Sustainability reporting standards

Written by Saad Rahman (ACCA)

ACCA · New at Strategic Professional level · 7 questions

Name: ____________________   Date: ____________

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

   • A IFRS 18
   • B IAS 1
   • C IFRS S1
   • D IFRS S2

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

   • A Emissions from purchased electricity
   • B Emissions from suppliers
   • C Direct emissions from sources the company owns or controls
   • D Emissions from product use by customers

3. 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:

   • A 60 tonnes
   • B 20 tonnes
   • C 100 tonnes
   • D 500 tonnes

4. The sustainability information required by IFRS S1 is reported for:

   • A Only the parent company
   • B The industry
   • C The same reporting entity and period as the financial statements
   • D Any entity chosen by management

5. Which of the following is a physical climate risk?

   • A A carbon tax
   • B A shift in consumer preferences
   • C New disclosure laws
   • D Damage to a factory from flooding

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

   • A Investors, lenders and other creditors
   • B Regulators only
   • C Employees only
   • D Customers

7. 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:

   • A Performance materiality
   • B Financial materiality only
   • C Double materiality
   • D Clearly trivial thresholds