Knowledge Check

Question 1

Which of the following is true about the Corporate Sustainability Reporting Directive (CSRD)?

The CSRD mandates digital sustainability reporting for improved accessibility.

Companies are required to report on both the impact of sustainability issues on financial performance and the impact of their operations on society and the environment.

The CSRD only applies to companies previously covered by the Non-Financial Reporting Directive (NFRD).

For the first time, the CSRD requires an assurance process for reported sustainability information.

Question 2

What are the requirements under the CSRD for companies in terms of sustainability reporting?

Adherence to detailed sustainability reporting standards developed by EFRAG.

Expanded scope to include all large companies and those listed in regulated markets within the EU.

Provide only financial data related to sustainability issues is mandatory.

Disclosure of how sustainability issues affect the financial status and how operations impact society and the environment.

Question 3

Identify the correct statements about the advancements introduced by the CSRD.

Companies can opt out of the assurance process for sustainability information if they are small or medium-sized enterprises.

The advancement under the ESRS initiative is to provide a centralized digital platform for accessing company sustainability data.

For the first time, CSRD increases the number of businesses required to provide detailed sustainability information.

Sustainability reporting under CSRD includes digital reporting requirements for better usability and accessibility.

Submitting your answers...

Final Quiz