CFA协会ESG考试题库第三章 ESG题库习题集
Chapter 3 Environmental Factors 模拟试题41-50
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41. What is the recommended approach for evaluating the non-financial performance of large companies?
a) Incorporating financial modeling techniques
b) Using the EU’s Non-Financial Reporting Directive
c) Adopting an international risk management framework
d) Relying solely on financial statements
42. What are the potential benefits of analyzing material environmental risks for investors?
a) Improved financial ratios and profitability
b) Enhanced risk mitigation strategies
c) Increased comparability between companies
d) All of the above
43. What potential action do central banks and the Bank for International Settlements warn they may have to take?
a) Intervene as climate rescuers of last resort
b) Implement stricter carbon pricing mechanisms
c) Influence investor sentiment towards low-carbon sectors
d) Create a global carbon offsetting market
44. How can predictable policy measures help address investment risks?
a) By encouraging divestment from high-carbon sectors
b) By promoting real-world emission reductions
c) By eliminating the need for risk mitigation strategies
d) By increasing availability of low-carbon assets
45. Apart from climate change, what other environmental issues are mentioned as investment opportunities?
a) Circular economy and technological innovation
b) Green and ESG-related products
c) Blue economy
d) All of the above
46. What potential impact pathways from environmental factors to financial ratios are mentioned?
a) Impact on asset valuation and profitability ratios
b) Impact on liquidity and solvency ratios
c) Impact on revenue growth and market share ratios
d) All of the above
47. What does the “shades of green” methodology aim to determine for green or sustainability bonds?
a) The level of government support for the projects
b) The long-term vision of a climate-resilient and low-carbon future
c) The financial returns of the projects for investors
d) The impact of the projects on biodiversity conservation
48. Why is it important for the financial system to understand climate change risks and opportunities?
a) To maximize short-term financial returns
b) To comply with regulatory requirements
c) To support the transition to a less carbon-intensive economy
d) To attract government funding for sustainable projects
49. How does the document suggest including environmental factors in financial modeling?
a) By using scenario analysis and risk management techniques
b) By conducting surveys across infrastructure projects
c) By relying on historical financial data only
d) By analyzing macroeconomic indicators
50. What factors determine the actual deployment of technology for decarbonization?
a) Technical potential and availability of alternatives
b) Economic feasibility and social preferences
c) Government subsidies and tax incentives
d) All of the above
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