Last Updated: Jun 11, 2026
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1. Select all the correct steps for conducting a double materiality assessment based on the ESRS.
A) Compare the identified material topics with the list in ESRS 1 Application Requirement 16.
B) ESRS 2 requires the use of IRO-1 to report on the organization's process for identifying impacts, risks, and opportunities.
C) SBM-3 outlines disclosure requirements on the material impacts, risks, and opportunities resulting from the materiality assessment.
D) Double materiality assessments are not required for organizations following the ESRS.
E) Only financial materiality should be considered when conducting the assessment.
F) Entity-specific disclosures must be developed only for impacts covered by ESRS.
2. Which department is primarily responsible for providing employee-related data such as headcount, turnover, and health and safety statistics?
A) Marketing
B) Health and Safety
C) Compliance
D) Human Resources
3. Indicate whether the following statement is true or false.
All EU Member States decided that only statutory financial auditors are allowed to conduct the assurance of the sustainability statement, excluding other audit firms or Independent Assurance Service Providers.
A) False
B) True
4. Which of the following elements is recommended for inclusion in the sustainability statement under ESRS 2, based on Appendix F of ESRS 1?
A) A list of Disclosure Requirements that have been complied with
B) A table summarizing financial performance
C) A specific structure prescribed by the ESRS
D) Only sector-specific Disclosure Requirements
5. Which activities are part of Step A: Understanding the Context in the double materiality assessment process?
Select all options that apply.
A) Analyzing the legal and regulatory landscape
B) Mapping the organization's value chain
C) Engaging with affected stakeholders to gather input
D) Developing a list of material risks and opportunities
Solutions:
| Question # 1 Answer: A,B,C | Question # 2 Answer: D | Question # 3 Answer: A | Question # 4 Answer: A | Question # 5 Answer: A,B,C |
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