Pass Guaranteed CFA Institute - ESG-Investing - Certificate in ESG Investing Newest Valid Test Topics
Pass Guaranteed CFA Institute - ESG-Investing - Certificate in ESG Investing Newest Valid Test Topics
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Tags: Valid ESG-Investing Test Topics, Interactive ESG-Investing Questions, Hottest ESG-Investing Certification, Current ESG-Investing Exam Content, Latest ESG-Investing Exam Review
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CFA Institute ESG-Investing Exam Syllabus Topics:
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CFA Institute Realistic Valid ESG-Investing Test Topics Quiz
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CFA Institute Certificate in ESG Investing Sample Questions (Q396-Q401):
NEW QUESTION # 396
Negative screening of tobacco-related companies is best grouped into which of the following basic categories?
- A. Universal exclusion
- B. Conduct-related exclusion
- C. Idiosyncratic exclusion
Answer: A
Explanation:
Tobacco companies are commonly excluded from portfolios using universal exclusion criteria, which apply broadly to all companies involved in certain controversial industries. (ESGTextBook[PallasCatFin], Chapter 1, Page 6)
NEW QUESTION # 397
A company reduces water usage and increases usage of more expensive resources after regulations become more stringent. This most likely impacts:
- A. operating expenditure
- B. revenues
- C. provisions
Answer: A
Explanation:
When a company reduces water usage and increases the use of more expensive resources due to more stringent regulations, this directly impacts its operating expenditure (OPEX). Here's a detailed breakdown:
Regulatory Compliance:
As regulations become stricter, companies often need to adopt new technologies or practices that may be more costly. This increase in cost is directly related to the day-to-day operations of the company, affecting operating expenditures.
For example, implementing water-saving technologies or switching to sustainable raw materials that are more expensive than traditional ones will raise the ongoing costs associated with production.
Impact on Revenues:
While reducing water usage and adhering to stricter regulations can have long-term benefits for the company, such as improved sustainability ratings and possibly higher market valuation, these changes do not typically have an immediate direct impact on revenues. Revenues are more directly influenced by sales and market demand.
Impact on Provisions:
Provisions are set aside for future liabilities or losses, such as environmental remediation costs or legal disputes. While stricter regulations might eventually lead to increased provisions, the immediate impact of switching to more expensive resources affects operating expenditure first.
CFA ESG Investing Reference:
The CFA ESG Investing curriculum highlights the importance of understanding how regulatory changes can affect various aspects of a company's financials. Operating expenditure is often highlighted as the most immediately impacted area when companies adapt their operations to comply with new environmental standards.
NEW QUESTION # 398
A common characteristic of the EU Paris-Aligned Benchmarks and the EU Climate Transition Benchmarks is that they both:
- A. require a reduction in carbon emissions intensity in the starting year.
- B. permit only green investments.
- C. permit fossil fuel investments as part of a transition process.
Answer: A
Explanation:
Both the EU Paris-Aligned Benchmarks and the EU Climate Transition Benchmarks require an initial reduction in carbon emissions intensity in the starting year, to ensure alignment with climate goals and the Paris Agreement. (ESGTextBook[PallasCatFin], Chapter 3, Page 153)
NEW QUESTION # 399
Which of the following is most likely a reason for concern regarding the quality of a company's ESG disclosures?
- A. There is written commitment to improve future ESG disclosure
- B. The inclusion of audited ESG data
- C. Competitors have stronger disclosure standards
Answer: C
Explanation:
One of the main concerns regarding the quality of a company's ESG disclosures is the comparison to competitors' standards. If a company's competitors have stronger and more transparent disclosure standards, it can indicate that the company may be lagging in its ESG practices and reporting quality. This can affect investors' perception of the company's commitment to ESG principles and may highlight potential risks associated with the company's operations.
According to the CFA ESG Investing curriculum, ESG data can often be incomplete, unaudited, and incomparable between companies due to different reporting methodologies. The lack of standardized reporting can make it challenging for investors to assess and compare ESG performance accurately.
References:
* "ESG data can be incomplete, unaudited, unavailable, or incomparable between companies due to different reporting methodologies. This makes assessment of ESG factors impossible in certain situations".
NEW QUESTION # 400
ESG engagement is a two-way dialogue to share perspectives between:
- A. senior executives and board of directors
- B. investors and investees
- C. asset owners and fund managers
Answer: B
Explanation:
ESG engagement is a two-way dialogue to share perspectives between investors and investees.
Engagement Definition: ESG engagement involves active communication between investors (e.g., asset managers, shareholders) and investees (e.g., companies) to discuss ESG issues and improve sustainability practices.
Purpose: The goal is to influence company behavior, enhance ESG performance, and align business practices with sustainable investment objectives. This dialogue allows both parties to share perspectives, address concerns, and work towards common goals.
Two-Way Communication: Effective ESG engagement requires open and ongoing communication, ensuring that both investors and investees contribute to the conversation and decision-making process.
CFA ESG Investing Reference:
The CFA Institute's guidance on ESG engagement highlights the importance of two-way dialogue between investors and investees to foster better ESG practices and drive positive change in corporate behavior.
NEW QUESTION # 401
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