Online Access Free ESRS-Professional Exam Questions

Which of the following statements about the EU's Corporate Sustainability Reporting Directive (CSRD) and its predecessor, the Non-Financial Reporting Directive (NFRD), are correct? Select all options that apply.

• A.The NFRD mandated external assurance for sustainability information in all Member States.
• B.The NFRD required all companies in the EU to include a non-financial statement in their annual reports.
• C.The NFRD applied to large public-interest entities with 500 or more employees, such as listed companies, credit institutions, and insurance undertakings.
• D.The CSRD was introduced to address the limitations of the NFRD in scope and reporting requirements.
• E.The NFRD replaced the CSRD to expand reporting requirements and organization coverage.

Which of the following can organizations use to identify actual and potential IROs during Step B of the double materiality assessment process? Select all options that apply.

• A.Due diligence processes
• B.Financial materiality thresholds
• C.Feedback from stakeholders
• D.The list of sustainability matters in ESRS 1 AR 16

What are the two categories of stakeholders identified in the ESRS?

• A.Affected stakeholders and users of sustainability statements.
• B.Primary and secondary stakeholders.
• C.Internal and external stakeholders.

Which of the following best describes the purpose of Step A in the double materiality assessment process?

• A.Conduct a financial materiality assessment.
• B.Understand the organization's context, activities, and stakeholders.
• C.Report the outcomes of the materiality assessment.
• D.Identify specific disclosure requirements to report.

Which activities are part of Step A: Understanding the Context in the double materiality assessment process?
Select all options that apply.

• A.Mapping the organization's value chain
• B.Analyzing the legal and regulatory landscape
• C.Developing a list of material risks and opportunities
• D.Engaging with affected stakeholders to gather input