Avail High Hit Rate ESG-Investing Practice Exams Free to Pass ESG-Investing on the First Attempt
Avail High Hit Rate ESG-Investing Practice Exams Free to Pass ESG-Investing on the First Attempt
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CFA Institute Certificate in ESG Investing Sample Questions (Q235-Q240):
NEW QUESTION # 235
Philanthropy is most likely associated with:
- A. shareholder engagement
- B. corporate social responsibility
- C. impact investing
Answer: B
Explanation:
Philanthropy is most likely associated with corporate social responsibility (CSR).
Impact investing (A): Impact investing focuses on generating social or environmental impact alongside financial returns. While philanthropy can be a form of impact investing, it is more commonly linked to CSR.
Shareholder engagement (B): This involves shareholders actively engaging with companies to influence their ESG practices. Philanthropy is not a direct form of shareholder engagement.
Corporate social responsibility (C): CSR encompasses a company's efforts to contribute positively to society, including philanthropic activities such as donations and community involvement.
Reference:
CFA ESG Investing Principles
Definitions and distinctions between CSR, impact investing, and shareholder engagement
NEW QUESTION # 236
Which of the following ESG approaches is an investor in sovereign debt most likely to apply?
- A. Exclusionary screening
- B. Stewardship interaction
- C. Active engagement
Answer: A
Explanation:
Sovereign debt investors typically applyexclusionary screeningas a primary ESG approach. Unlike corporate bond investors, sovereign debt investors have limited direct engagement opportunities with governments.
Therefore, they often use exclusionary screening to filter out countries with poor ESG performance, such as those involved in human rights violations, corruption, or weak environmental policies.
For example, many sustainable bond funds exclude investments in countries with poor governance indicators (e.g., high corruption, low press freedom) or those that fail to meet international environmental agreements such as the Paris Agreement.
References:
* Principles for Responsible Investment (PRI) Report on ESG in Sovereign Debt
* World Bank ESG Sovereign Bond Guidelines
* MSCI ESG Government Ratings Methodology
========
NEW QUESTION # 237
The social factor most widely incorporated by institutional investors in their analysis is:
- A. health and safety.
- B. trade association.
- C. executive pay.
Answer: A
Explanation:
Health and safety is a critical social factor for institutional investors as it impacts a company's reputation, legal risks, and operational efficiency. (ESGTextBook[PallasCatFin], Chapter 4, Page 209)
NEW QUESTION # 238
Alignment of an investment manager's performance against a long-term ESG investor's objectives is best achieved by which of the following?
- A. Engaging in a monitoring dialogue frequently
- B. Benchmarking against the market
- C. Early reporting of deviations from the expected investment process or style
Answer: C
Explanation:
Early reporting of deviations from the expected investment process helps ensure that any misalignment between the manager's actions and the investor's long-term ESG objectives can be addressed proactively.
(ESGTextBook[PallasCatFin], Chapter 9, Page 518)
NEW QUESTION # 239
Which of the three ESG factors is most often taken into consideration by traditional investment analysts?
- A. Social
- B. Governance
- C. Environmental
Answer: B
Explanation:
Traditional investment analysts most often take into consideration governance factors among the three ESG factors. Governance factors are typically viewed as critical to the operational and financial stability of a company.
Corporate Governance: Governance factors include the structures and processes for the direction and control of companies, such as board composition, executive compensation, audit practices, and shareholder rights.
These elements are directly linked to a company's accountability and integrity.
Risk Management: Effective governance practices help mitigate risks related to fraud, mismanagement, and regulatory non-compliance. Analysts focus on governance to ensure that the company is managed in a way that protects shareholders' interests and enhances long-term value.
Performance Indicators: Strong governance is often correlated with better financial performance and reduced volatility. Companies with robust governance structures are perceived as more reliable and are thus more attractive to traditional investment analysts.
References:
MSCI ESG Ratings Methodology (2022) - Highlights the importance of governance factors in traditional financial analysis and their impact on company performance.
ESG-Ratings-Methodology-Exec-Summary (2022) - Discusses the emphasis on governance factors by investment analysts due to their direct link to corporate stability and performance.
NEW QUESTION # 240
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