ESG-Investing無料問題集「CFA Institute Certificate in ESG Investing」

質問 1

An investment in a fund developing low-cost community housing is best categorized as:

（A）positive alignment.

（B）impact investing.

（C）thematic investing.

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 2

A bond issued to fund projects that provide a clear benefit to the environment best describes a:

（A）transition bond.

（B）green bond.

（C）sustainability-linked bond.

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 3

Creating long-term stakeholder value by implementing a strategy that focuses on the ethical, social, environmental, cultural and economic dimensions of doing business is best described as:

（A）triple bottom line accounting.

（B）corporate sustainability.

（C）corporate social responsibility.

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 4

Information for use in ESG tools can be collected directly via:

（A）company communications.

（B）third-party reports.

（C）news articles.

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 5

Impact investment funds most likely align their portfolios with:

（A）OECD Guidelines for Multinational Enterprises.

（B）ESG frameworks that are norms-based.

（C）Sustainable Development Goals.

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 6

The Sustamalytics database is most likely used for:

（A）creating an ESG benchmark

（B）manager ESG assessment

（C）company ESG assessment.

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 7

When accounting for a critical weakness in a company's environmental management process, an analyst using a discounted cash flow (DCF) valuation model should:

（A）not change the cost of capital.

（B）increase the cost of capital.

（C）decrease the cost of capital.

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 8

According to the Global Sustainable Investment Alliance (GSIA), as of 2020, the largest sustainable investment strategy globally is:

（A）ESG integration

（B）exclusionary screening

（C）corporate engagement and shareholder action

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 9

With respect to ESG integration in private equity, which of the following is most likely a challenge an investor may face?

（A）Reporting frameworks that do not account for the relative lack of transparency found in private markets relative to public markets

（B）Lack of strategy and long-term orientation from private equity managers

（C）Lack of capacity within the investee company to fulfill ESG reporting requirements

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 10

Exclusionary screening:

（A）employs a given ESG rating methodology to identify companies with better ESG performance relative to its industry peers.

（B）is the oldest and simplest approach within responsible investment.

（C）reduces portfolio tracking error and active share.

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 11

Which of the following ESG megatrends relates to issues around human rights, including free speech, and tensions between big social media companies and sovereign nation-states that point in the direction of a possible new ordering of societal power?

（A）Demographic changes and wealth inequality

（B）Technological innovation

（C）Emerging markets and urbanization

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 12

Jevon's paradox refers to a situation where improvements in efficiency are offset by increased:

（A）consumption of the product.

（B）spending on sectors where emissions are harder to abate.

（C）waste.

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 13

Which of the following is a challenge in ESG integration?

（A）ESG disclosures that lack comparability across companies

（B）Standardized disclosures in audited financial statements that hinder differentiated analysis

（C）Excessive company-level ESG reporting that overwhelms investors

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 14

The consulting firm McKinsey & Company includes transparency as part of which of the following dimensions of an asset manager's investment approach?

（A）Public reporting

（B）Tools and processes

（C）Resources and organization

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 15

ESG philosophy can be embedded within an investment mandate to determine:

（A）the asset owner's strategic asset allocation only

（B）the asset owner's tactical asset allocation only

（C）both the asset owner's tactical and strategic asset allocations

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 16

Which of the following steps in the ESG rating process is most likely the earliest source of the dispersal of opinions between different ESG rating agencies?

（A）Gathering of a set of data points for the identified ESG indicators

（B）Determination of weighting and scoring methodologies

（C）Identification of ESG factors

正解：C 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 17

According to the UK Investor Forum which of the following is a key success factor for effective engagement?

（A）Clear leadership with appropriate relationships, skills and knowledge

（B）Transparency on conflicts of interest

（C）Regulatory approval of the collaboration

正解：A 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

質問 18

For engagement strategies to deliver meaningful results in a cost-effective and time-effective manner, investors must:

（A）frame the engagement topic into a broader discussion around strategy and avoid discussing long-term financial performance with a company's board

（B）identify which company in their portfolio is most in need of engagement

（C）raise all possible concerns with the company which has the most risk in their portfolios

正解：B 解答を投票する

解説: (JPNTest メンバーにのみ表示されます)

ESG-Investing 無料問題集「CFA Institute Certificate in ESG Investing」

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