Certified Environmental Social and Governance Analyst (CESGA) EFFAS Practice Test

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Prepare effectively for the CESGA EFFAS Exam. Study with comprehensive quizzes featuring flashcards and multiple-choice questions. Each question comes with hints and explanations to enhance understanding and readiness.

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What activity did the International Business Council (IBC) engage in during 2019?

It promoted an international conference on sustainability in Paris.
It set up a sustainability board.
It hired Mark Carney as president.
It launched an initiative to identify a core set of material ESG metrics.

The correct answer is: It launched an initiative to identify a core set of material ESG metrics.

The International Business Council (IBC) engaged in an important initiative in 2019 aimed at fostering corporate transparency and accountability regarding Environmental, Social, and Governance (ESG) factors. By launching an initiative to identify a core set of material ESG metrics, the IBC sought to standardize the measurement of sustainability practices across different sectors. This initiative was significant because it aimed to provide companies and investors with a consistent framework to assess and communicate ESG performance, thereby improving comparability and promoting sustainability as a fundamental business practice. The initiative reflects the growing recognition of the need for clear and consistent metrics in the ESG space, which is essential for informed decision-making by investors, stakeholders, and consumers alike.