ESG - Climate change related risk quiz!
ESG and Climate Change Risk Quiz
Test your knowledge on Environmental, Social, and Governance (ESG) criteria and the impact of climate change on financial risk. This engaging quiz features 10 thought-provoking questions designed to challenge your understanding and raise awareness about these critical issues.
- Understand key terms and concepts
- Learn about regulations and frameworks
- Explore the implications of climate change on investments
What ESG criteria does customer & product responsibility come under?
E
S
G
What percentage of customers said they would use sustainable finance products if there more accessible (according to PA research with 3500 consumers)?
65%
53%
70%
45%
What is climate change mitigation?
Refers to the efforts to reduce or prevent GHG emissions. e.g., business opportunities associated with mitigation include renewable energy
Being compliant with regulatory requirements where disclosures are mandatory
Means anticipating the adverse effects of climate change and take appropriate action to minimize damage they can cause
Mitigating the risk is the S elements of ESG
What is stress testing?
Testing the bank against various hypothetical scenarios that may be direct result of climate change?
To ensure the bank have factored in the non-financial risk that comes with climate change
Having a look at current year reveneue to ensure they take into account loss that is to be observed due to climate change
When did SFDR come into force?
Aug 2020
March 2021
Dec 2021
Jan 2022
When was TCFD founded?
2018
2015
2020
2019
Which one of the elements is not a key pillar of TCFD reporting?
Governance
Risk and opportunities
Strategy
Metrics and targets
Is unsuccessful investment in new technologies a physical risk?
Yes
No
Climate risk will impact across the risk taxonomy, therefore will be integrated into the taxonomy through the existing frameworks and policies for the risk types - what is this commonly termed?
Multilateral risk
Cross-cutting risk
Transverse risk
Which statements apply to transition risk? (3)
Organization's can be exposed to both acute and chronic climate risks. These can result in direct losses
Refers to financial loss resulting from the process of moving towards a lower-carbon and more environmentally sustainable economy
Technology is a part of transition risk
Company’s relationships with its own employees
Changing consumer sentiment regarding climate issues can lead to reputation and liability risks for the bank as a result of scandals caused by the financing of environmentally controversial activities
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