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Write about the benefits of this certification
Reduced risk: Companies that implement GARP SCR can evaluate and manage climate change risks in their suppliers, vendors, and contract manufacturers. They are better able to assess potential impacts on their own operations and take action to mitigate those risks. In addition, they can identify opportunities to reduce emissions through supplier actions such as energy efficiency upgrades or waste diversion programs. GARP SCR Dumps is a global standard for certifying the skills of the professionals in the field of networking.
Improved supplier engagement: GARP SCR enables companies to engage with suppliers earlier in the sourcing process, building relationships that lead to more sustainable practices and better performance overall. This results in improved supplier performance and reduced risk for both parties over time.
More effective management process: The GARP SCR methodology provides companies with a structured approach for managing sustainability across their supply chains, so they can identify opportunities for improvement and set targets for reducing emissions from suppliers' operations.
GARP Sustainability and Climate Risk Sample Questions (Q98-Q103):
NEW QUESTION # 98
To align with industry trends, the risk team at a fashion merchandizing company evaluates the company climate risk framework. The risk team enhances the company climate risk framework by including a list of potential transition risks. Which of the following transition risks does the team most likely include in the framework?
- A. Lower costs for low-emission transport increases technology risk.
- B. An extreme heat wave decimating organic cotton farms increases policy risk.
- C. A newspaper report exposing falsified GHG emissions increases operational risk.
- D. Increased demand for sustainably-produced clothing increases market risk.
Answer: D
NEW QUESTION # 99
To improve sustainability, a railroad and transportation services company will revitalize its rail network by installing an operating system that reduces idle time. A reduction in idle time will decrease GHG emissions.
To finance this plan, the company will issue green bonds beginning in 2024. The company sustainability director develops sustainability objectives and eligibility criteria to communicate to investors.
The director is fulfilling which core component of the Green Bond Principles?
- A. Process for project evaluation and selection
- B. Reporting
- C. Use of proceeds
- D. Management of proceeds
Answer: A
NEW QUESTION # 100
An EU vehicle braking system manufacturer implements a new sustainability framework for SLBs to finance projects with environmental and social benefits. The company sustainability team prepares a new SLB and submits the bond to an external reviewer for assessment. The bond contains four KPIs:
1. Scope 1 CO2 emissions
2. Supplier engagement on GHG emission reduction
3. Percentage of renewable energy used
4. Percentage of women in managerial roles
The bond benchmark year is 2022 and the bond will mature in 2030 Which of the following SPTs did the reviewer find aligns with the core components of SLB Principles?
- A. Reduce emissions from purchased raw materials by 60% by 2030.
- B. Increase renewable energy use to 20% by 2035 and to 50% by 2050.
- C. Engage multiple suppliers to expand commitment to emission reduction targets by 30% by 2030.
- D. Increase women representation in managerial positions to 33% by 2025 and to 50% by 2030.
Answer: D
NEW QUESTION # 101
A European bank considers investing in an offshore wind farm project. A bank ESG analyst assists in the origination and execution of green and sustainable finance transactions to finance the project. The analyst recommends a loan to finance the project by gathering related materials on sustainability-linked loans (SLLs), green loans, and corresponding market trends.
Which of the following loans is the analyst likely to recommend?
- A. SLL because the total volume of SLLs exceeded that of green loans over the past 5 years.
- B. Green loan because in contrast to SLLs, green loans are rapidly being adopted by a variety of sectors and tied to numerous KPIs.
- C. Green loan because it offers greater flexibility of use than SLLs as green loans do not have loan usage reporting requirements.
- D. SLL because SLL issuance is highly concentrated in renewable energy projects and the power generation sector.
Answer: A
NEW QUESTION # 102
A multinational footwear company prepares its annual GHG inventory. The company sustainability director organizes data according to the GHG Protocol and prepares a set of recommended actions to lower company emissions.
Which action is the director most likely to recommend to reduce company Scope 3 emissions?
- A. Replace company vehicles powered by petrol with electric vehicles and plug-in hybrids.
- B. Upgrade air conditioning and other headquarters equipment to energy-efficiency models.
- C. Retrofit all existing manufacturing facilities with energy efficient standards.
- D. Switch to suppliers located closer to textile printing and product finishing facilities.
Answer: D
NEW QUESTION # 103
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