CSRD Essentials
What the acronym CSRD stands for
The Corporate Sustainability Reporting Directive
These standards focus on multi-stakeholder impacts
GRI
This tangible measure quantifies emissions directly produced by a company.
What is/are Scope 1 emissions?
This type of assurance is currently required under CSRD
What is reasonable assurance?
This economic system prioritizes profit and private ownership of resources.
What is capitalism?
The time horizons that CSRD requires companies to report over
What are short-term, medium-term, and long-term?
The SASB organizes its standards by this key company characteristic
What is industry?
This measure, calculated in liters, is commonly used to report water usage.
What is total water withdrawn?
This type of assurance provides higher confidence to stakeholders
What is limited assurance?
This economist argued that the sole responsibility of a business is to maximize profits.
Who is Milton Friedman?
The type of assurance currently required by CSRD
What is limited assurance?
SASB standards were adopted by this international group
What is the ISSB (International Accounting Standards Board)?
This measure, often expressed as a percentage, tracks employee departures over a given period
What is employee turnover?
This board sets international standards for sustainability assurance
What is the IAASB (International Auditing and Assurance Standards Board)?
This U.S. historical period saw the rise of corporate monopolies and minimal government regulation.
What is the Gilded Age (~1870-1900)?
CSRD requires companies to engage in this practice to help enhance transparency, comparability, and accessibility of sustainability reporting
What is digital tagging?
The starting point for using the GRI standards
What is GRI 101 Foundation?
Reporting the total water withdrawn in liters from high risk water basins is more closely aligned with this sustainability reporting framework.
What is GRI?
The international standard on insurance engagements
What is ISAE 3000?
A term that describes the tendency for managers to prioritize short-term profits over long-term value?
Manager/Managerial short-termism
This organization developed the European Sustainability Reporting Standards (ESRS) aligned with CSRD
What is EFRAG (European Financial Reporting Advisory Group)?
The 6 levels of the SASB standards
What are sectors, industries, sustainability dimensions, general issue categories, disclosure topics, and accounting metrics?
This intangible measure represents the trust stakeholders place in a company’s sustainability efforts
What is Stakeholder Confidence
The U.S. assurance standard for GHG reporting
What is SOP 13-1?
A term for what happens when capitalism is unable to account for externalities like pollution.
What is market failure?