Online Access Free ESRS-Professional Exam Questions

EcoFurniture Inc., an organization producing eco-friendly furniture, is conducting Step B of its double materiality assessment. During this step it identifies potential deforestation impacts in its upstream value chain due to its timber sourcing and reputational risks related to environmental standards compliance. Which of the following actions should EcoFurniture take during Step B to ensure a comprehensive assessment of its actual and potential IROs? Select all that apply.

• A.Screen sustainability matters listed in ESRS 1 AR 16 and compare them to its entity-specific sustainability matters.
• B.Use scientific research to validate sustainability trends and risks in the forestry sector.
• C.Conduct stakeholder engagement with local communities near timber supply locations.
• D.Ignore potential risks in the downstream value chain, as they are less material.

Which of the following statements best captures the shift introduced by the CSRD compared to the NFRD?

• A.The CSRD maintains the NFRD's voluntary approach to assurance, allowing organizations to select their own providers and define the assurance scope.
• B.The CSRD eliminates the need for sustainability reporting assurance entirely, simplifying compliance for organizations.
• C.The CSRD introduces mandatory assurance for ESRS reporting, with defined requirements for scope, standards, and providers.

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

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

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

What features define a digital reporting platform? Select all that apply.

• A.Structured data formats
• B.Interactive dashboards
• C.Manual data entry processes
• D.Real-time updates and compliance tools