Sustainability Accounting

Question 1

What is European Taxonomy?

Answer 1

=classification of economic activities that have a positive impact on the environment

Question 2

Aim of European Taxonomy ?

Answer 2

To transform the European economy by directing investment towards green activities.

Question 3

3 criterias needed to meet European taxonomy?

Answer 3

1) substantial contribution
2) no significant harm to the remaining environmental objectives
3)meet minimum social safeguards

Question 4

6 env. objectives defined by the European taxonomy ?

Answer 4

-climate change mitigation
- « « adaptation
-prétention of water resources
-transition to circular economy
-pollution prevention
-restoration of biodiversity

Question 5

What is materiality in the context of sustainability reporting?

Answer 5

Refers to the significance of environmental, social and governance issues to a company.

Question 6

What is single materiality?

Answer 6

Companies focus on issues that have a significant impact on their financial performance

Question 7

What is double materiality ?

Answer 7

Includes the impact of ESG but also the impact of the company on the external environment.

Question 8

Main goals of the European Green deal?

Answer 8

Aims to become the world’s first climate-neutral continent