SBR Sustainability, presentation and developments

IFRS S1 requires disclosure of sustainability-related risks and opportunities that could reasonably be expected to affect the entity's:

• 1 Share count
• 2 Audit fee
• 3 Prospects, including cash flows, access to finance and cost of capital
• 4 Tax charge only

The four core content areas of IFRS S1 and IFRS S2 are:

• 1 Plan, do, check and act
• 2 Governance, strategy, risk management, and metrics and targets
• 3 Inputs, outputs, outcomes and impacts
• 4 Assets, liabilities, income and expenses

Scope 2 greenhouse gas emissions are:

• 1 Direct emissions from owned sources
• 2 Indirect emissions from purchased electricity, steam, heating or cooling
• 3 All value chain emissions
• 4 Emissions from employee travel only

Which statement about IFRS 18 is correct?

• 1 It removes the statement of cash flows
• 2 It requires income and expenses to be classified into operating, investing, financing, income taxes and discontinued operations
• 3 It replaces IFRS 9
• 4 It applies only to banks

A transition risk in the climate-related context is:

• 1 A rise in sea level
• 2 A flood damaging a factory
• 3 A heatwave
• 4 A carbon tax that raises the cost of a company's inputs

Management-defined performance measures under IFRS 18 are:

• 1 Allowed only in the directors' report
• 2 Not allowed to be disclosed
• 3 Subtotals of income and expenses used in public communications that are not specified by IFRS
• 4 Required by IFRS 8

A company's sustainability report states that it is 'carbon neutral' but its calculation excludes most of its value chain. Which concern does this raise?

• 1 None, as Scope 3 is optional in all cases
• 2 Too much detail
• 3 Misleading information, because the claim is not faithfully represented
• 4 An excess of disclosure

Under IAS 1 and the Conceptual Framework, information is material if:

• 1 It is audited
• 2 Omitting, misstating or obscuring it could reasonably be expected to influence decisions of primary users
• 3 It is more than 5 percent of profit in all cases
• 4 It is disclosed in the notes