3.Principle 10 of Revised Code of Corporate Governance states that board of directors should have a clear

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3.Principle 10 of Revised Code of Corporate Governance states that board of directors should have a clear and focused policy on the disclosure of non-financial information, with emphasis on the management of economic, environmental, social and governance (EESG) issues of its business, which underpin sustainability. TRUE or FALSE

4.In the context of the GRI Standards, ‘due diligence’ refers to a process to identify, prevent, mitigate, and account for how an organization addresses its actual and potential negative impacts. TRUE OR FALSE.

5.Statement I. An organization preparing a report in accordance with the GRI Standards uses this Standard, GRI 103: Management Approach, to report its management approach for each material topic. Statement II. GRI is an independent multi-stakeholder initiative which has developed guidelines for sustainability reporting. Which of the following statements is/are true?

6.Among the PLCs submitting stand-alone reports, the most widely referenced or adopted sustainability reporting standard was the Global Reporting Initiative (GRI) Standards. TRUE OR FALSE.

7.This is a system consisting of procedures, roles and rules for receiving complaints and providing remedy.

8.SEC’s requirement on sustainability reporting will help companies assess and manage their contributions towards the attainment of the 2030 United Nations Sustainable Development Goals (UN SDGs) and the Philippine Development Plan 2017-2022 or Ambisyon Natin 2045. TRUE OR FALSE.

9.In the long-run, SEC wants to implement sustainability reporting to all corporations in a comply or explain approach first. TRUE or FALSE.

10.Under security practices disclosures, it discusses how the security personnel are trained to protect the establishment where the organization is located and the organization itself. TRUE OR FALSE.

11.S1. The report contains the level of information required by stakeholders but avoids excessive and unnecessary detail is a test of clarity. S2. The report and its information can be compared on a month-to-month basis is a test of comparability. Which of the following statements is/are false?

12.TRUE OR FALSE. The purpose of the management approach can be to avoid, mitigate, or remediate negative impacts, or to enhance positive impacts.

13.________________ are tribal peoples in independent countries whose social, cultural and economic conditions distinguish them from other sections of the national community, and whose status is regulated wholly or partially by their own customs or traditions or by special laws or regulations.

14.If, in exceptional cases, an organization preparing a sustainability report in accordance with the GRI Standards cannot report a required disclosure, the organization shall provide in the report a reason for omission that: Statement I. describes the specific information that has been omitted. Statement II. specifies one of the following reasons for omission, including the required explanation for that reason. Which of the following statements are required to disclose?

15.Under general disclosures, the following needs to be disclosed under Organizational Profile except:Single choice.

A. Supply chain

B. Markets served

C. Remuneration policies

D. External iniatives