Test Course
Attempt #2: Chin Ning Tan
- Start date
- 22 November 2024, 3:19 PM
- Completion
- This attempt is completed
- Duration
- 3 minutes 49 seconds
- Outcome
- Pass
- Total score
- 10 out of 10
What is the main purpose of using the GRI framework for sustainability reporting?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| To reduce operational costs | ||
| To enhance the company’s brand value | ||
| To provide a standardized way to report environmental, social, and governance impacts | ||
| To meet local government requirements |
Which principle ensures that a company reports only the most relevant topics in its GRI report?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| Comparability | ||
| Stakeholder Inclusiveness | ||
| Materiality | ||
| Transparency |
How does GRI promote comparability in sustainability reporting?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| By encouraging narrative storytelling | ||
| Through alignment with local legislation | ||
| By providing uniform reporting standards | ||
| By limiting customization options |
Why is stakeholder engagement crucial in GRI reporting?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| It guarantees customer satisfaction | ||
| It improves product quality | ||
| It identifies topics that matter most to stakeholders | ||
| It helps reduce employee turnover |
What distinguishes GRI from other sustainability reporting frameworks?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| Focus on future goals rather than current impacts | ||
| Emphasis on environmental performance only | ||
| Requirement for both qualitative and quantitative disclosures | ||
| Certification of all sustainability reports |
What is the key focus of the 2024 GRI standards update?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| Increasing penalties for non-compliance | ||
| Replacing all previous standards with new ones | ||
| Expanding topics to cover climate action and human rights more comprehensively | ||
| Mandating real-time sustainability reporting |
How does GRI encourage continuous improvement?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| By allowing companies to skip annual reports | ||
| Through regular audits by GRI officials | ||
| By helping companies track and improve their performance over time | ||
| By limiting the amount of data disclosed |
Which concept under GRI allows alignment with frameworks like the UN Sustainable Development Goals (SDGs)?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| Stakeholder Inclusiveness | ||
| Limited Applicability | ||
| Alignment with Other Standards | ||
| Closed Reporting Model |
What is report in reference with GRI Standards means?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| Reporting only on internal operations | ||
| Conducting independent verification of financial data | ||
| Addressing every standard in the GRI framework | ||
| Limiting the report to 10 pages |
Why do companies choose to follow GRI standards voluntarily?
| Choice | Correct answer | Attempt answer |
|---|---|---|
| To enhance credibility through recognized reporting frameworks | ||
| To increase market competition | ||
| To demonstrate commitment to transparency and sustainability | ||
| To replace financial reporting requirements |