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Last Updated: Aug 09, 2026
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| Section | Weight | Objectives |
|---|---|---|
| Topic 1: ESRS Topic Standards – Governance (G) | 10% | - Stakeholder engagement and compliance - Corporate governance, ethics and anti-corruption |
| Topic 2: ESRS Topic Standards – Social (S) | 15% | - Workers in the undertaking, value chain and affected communities - Human rights, labor standards and social protection |
| Topic 3: Introduction to ESRS and Regulatory Context | 15% | - Scope and application of ESRS requirements - Overview of CSRD and ESRS - Relationship between GRI Standards and ESRS |
| Topic 4: ESRS Cross-Cutting Standards (ESRS 1 & ESRS 2) | 25% | - Governance, strategy and risk management - Measurement, reporting and assurance principles - General requirements and disclosures |
| Topic 5: ESRS Topic Standards – Environmental (E) | 15% | - Resource use and circular economy - Climate change, pollution, water and biodiversity |
| Topic 6: Double Materiality Assessment | 20% | - Principles and definitions of double materiality - Assessment methodologies and documentation - Process for identifying impacts, risks and opportunities |
1. 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 applied to large public-interest entities with 500 or more employees, such as listed companies, credit institutions, and insurance undertakings.
B) The NFRD required all companies in the EU to include a non-financial statement in their annual reports.
C) The NFRD mandated external assurance for sustainability information in all Member States.
D) The NFRD replaced the CSRD to expand reporting requirements and organization coverage.
E) The CSRD was introduced to address the limitations of the NFRD in scope and reporting requirements.
2. What must organizations disclose under the ESRS regarding their material impacts, risks, and opportunities?
Select all that apply.
A) Minimum Disclosure Requirements on policies, actions, and targets
B) Information outlined in the topical ESRS and sector-specific standards
C) The outcomes of their double materiality assessment
D) A general overview of their sustainability policies, even if unrelated to specific material matters
3. 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
4. Which of the following is included in the environmental section of the topical ESRS?
A) Disclosures relating to social impact and labor rights
B) Information about the organization's financial performance
C) Disclosures relating to environmental objectives defined in the EU Taxonomy
D) Data about corporate governance and board diversity
5. Which of the following correctly fills the gaps in the paragraph below?
The first set of the ESRS consist of several standards: The first group includes __________ General requirements and __________ General disclosures. These standards apply regardless of the specific sustainability topic being reported.
The next group includes ten __________ that cover various topics across the three dimensions of sustainable development. For example, ESRS E1 focuses on the environmental dimension, particularly climate change.
Finally, the last group includes the __________ which are currently under development.
A) ESRS 2; topical standards; sector-specific standards; ESRS 1
B) ESRS 1; ESRS 2; topical standards; sector-specific standards
C) ESRS 2; ESRS 1; topical standards; sector-specific standards
D) topical standards; ESRS 2; ESRS 1; sector-specific standards
Solutions:
| Question # 1 Answer: A,E | Question # 2 Answer: A,B,C | Question # 3 Answer: A,B,D | Question # 4 Answer: C | Question # 5 Answer: B |
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