Welcome to ExamTopics
ExamTopics Logo
- Expert Verified, Online, Free.
Mail Us [email protected]
Menu

Unlimited Access

Get Unlimited Contributor Access to the all ExamTopics Exams!
Take advantage of PDF Files for 1000+ Exams along with community discussions and pass IT Certification Exams Easily.
Garp Discussions

Exam SCR topic 1 question 23 discussion

Actual exam question from GARP's SCR
Question #: 23
Topic #: 1
[All SCR Questions]

At an international finance bank, a lack of staff clarity regarding sustainability, climate, and ESG definitions led to overlapping and inefficient initiatives. To minimize inefficiencies, the sustainability department develops new terminology for use across the bank.
What should the department include in this new terminology?

  • A. Sustainability issues fall exclusively within climate change impacts.
  • B. ESG and sustainability risks are completely interchangeable.
  • C. ESG risks are broader than all sustainability risks.
  • D. Sustainability should include all governance and social risks.
Show Suggested Answer Hide Answer
Suggested Answer: C 🗳️
by goodforme at March 5, 2023, 3 a.m.

Comments

Chosen Answer:
This is a voting comment (?) , you can switch to a simple comment.
Switch to a voting comment New
Submit Cancel
goodforme
Highly Voted 1 year, 1 month ago
Selected Answer: D
Sustainability should include all governance and social risks.
upvoted 10 times
...
Ramki_Looking_For_Answerkey
Most Recent 4 days, 19 hours ago
C is wrong. Sustainability is the broadest category
upvoted 1 times
...
MatMat2023
6 months, 1 week ago
Sustainability includes social and environmental risks. ESG includes environmental, social AND governance. Hence, ESG is broader than Sustainability.
upvoted 1 times
...
kavvv
6 months, 2 weeks ago
Selected Answer: D
Sustainability is a broad category; ESG, or measuring the environmental, social, and governance performance of firms, often by financial counterparties, sits within sus-tainability. (p.30)
upvoted 2 times
...
CASS74
7 months ago
Selected Answer: C
Governance is not part of sustainability. The Turnbull report and Cadbury report precede Sustainability in corporations.
upvoted 1 times
...
sbrudersohn
1 year ago
Selected Answer: C
I'd choose C. Why not D? 1. (2.1) "Investors and financial institutions, for their part, practice sustainability through the ESG policies.." 2. (2.2) "Sustainability...encompasses social and environmental awareness, and it seeks to ensure that economic activity does not harm either society or the broader environment." My comment: it refers to social and environmental instead of social and governance.
upvoted 3 times
...
Karnitschnig
1 year ago
As far as I understand it Sustainability is the broadest of all these categories. It is not right to say ESG risks are broader than all sustainability risks. ESG is used mostly by the finance world, so I really don't think of it as that broad.
upvoted 2 times
...

Get IT Certification

Unlock free, top-quality video courses on ExamTopics with a simple registration. Elevate your learning journey with our expertly curated content. Register now to access a diverse range of educational resources designed for your success. Start learning today with ExamTopics!

Start Learning for free
Community vote distribution
A (35%)
C (25%)
B (20%)
Other
Most Voted
A voting comment increases the vote count for the chosen answer by one.

Upvoting a comment with a selected answer will also increase the vote count towards that answer by one. So if you see a comment that you already agree with, you can upvote it instead of posting a new comment.

SaveCancel