Pensions World SA CPD Assessment Q4 2020

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Trustee Tutor: Issue 4 – ESG Framework

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Name

Surname

SA ID Number

Company Name

FPI Memberhip Number (if available, otherwise type "no number")

Contact number

E-mail address

ASSESSMENT FORM

1. ESG stands for:

a. Energy, Society and Government.

b. Environmental, Social and Governance.

c. Equator principals, Social impact and Good stewardship.

d. None of the above.

2. The article “Who cares wins” was the foundation for developing the Principles for Responsible Investment (PRI) in 2006.

a. True

b. False

3. Socially Responsible Investing (SRI):

a. Is based on ethical and moral criteria.

b. Uses negative screening.

c. Is where investors don’t invest in companies that produce or invest in alcohol, tobacco, gambling and weapons.

d. All of the above.

4. ESG investing:

a. Takes into account that a company operates within a broader economic system and society as a whole.

b. Assumes that a company’s impact on the environment and the way it treats its employees will have an impact on its long term sustainability.

c. Factors in that good governance will automatically lead to better profits.

d. a and b only.

5. Which of the following is not a principle contained in the PRI?

a. We recognise the circumstances and relationships that hold a potential for conflicts of interest and proactively manage these when they occur.

b. We will incorporate ESG issues into investment analysis and decision making processes.

c. We will work together to enhance our effectiveness in implementing the Principles.

d. We will seek appropriate disclosure on ESG issues by the entities in which we invest.

6. Which of the following provides a framework for all types of governing bodies to implement (directors, trustees of retirement funds, non-profit organisations, etc) to embed the practices of good governance in their management and decision making?

a. PRI

b. CRISA

c. King III & IV

d. SDG’s

7. Which of the following statements is incorrect.

a. In terms of Regulation 28, prudent investing should give appropriate consideration to any factor which may materially affect the sustainable long term performance of a fund’s assets, including factors of an environmental, social and governance character.

b. The FSCA’s GN 1 of 2019 does not require a fund to reflect in its IPS how its general investment philosophy and objectives seeks to ensure the sustainability of its assets.

c. In terms of CRISA, an institutional investor should incorporate sustainability considerations, including environmental, social and governance, into its investment analysis and investment activities as part of the delivery of superior risk-adjusted returns to the ultimate beneficiaries.

d. The UN SDS’s are global goals set as a universal call to action to end poverty, protect the planet and ensure that all people enjoy peace and prosperity by 2030.

8. Retirement fund trustees are able to become signatories to the PRI.

a. True

b. False

9. The issues faced by trustees when implementing Socially Responsible Investing are:

a. A clear legislative framework, conflicts of interest and reasonable benefit expectations of members.

b. The impact of COVID-19, the government’s possible intention to set prescribed mandatory investment limits and the depth of research analytics available to investment consultants.

c. The availability of large meaningful projects, reliable data and information on ESG investment opportunities and the belief that fiduciary duties are focused on maximising returns for members.

d. None of the above.

10. Which statement is incorrect: In the termESG, the ...

a. E refers to using solar and wind energy.

b. S refers to equal pay for male and female executives.

c. G refers to directors disclosing conflicts of interest.

d. SRI refers to all of the above.

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Verification

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ASSESSMENT FORM

Thank you for completing the assessment. Once you click on the "Submit Assessment" button below, your answers will be sent for verification and scoring.You will also receive an email containing your answers submitted.

Thank you for completing the assessment. Once you click on the "Submit Assessment" button below, your answers will be sent for verification and scoring.

You will also receive an email containing your answers submitted.