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CESGA Exam 2025 | Certified Environmental, Social, and Governance Analyst, Exams of Environmental Management

Long Island University (LIU) - University CenterEnvironmental Management

The CESGA Exam 2025 is a comprehensive certification for aspiring Certified Environmental, Social, and Governance Analysts. This document provides an in-depth overview of key topics critical for the exam, including ESG integration in investment decisions, corporate governance, and sustainability reporting standards. It delves into the implications of energy and ecological transitions, exploring both risks and opportunities such as those presented by new market entrants and the impact of regulatory scandals like Diesel-Gate. The document emphasizes the significance of the Society Relationship Pillar, analyzing the roles of states and supranational organizations. It also highlights the Technical Expert Group (TEG) on Sustainable Finance's guidelines for asset managers and advisors on integrating sustainability risks.

Typology: Exams

2024/2025

Available from 06/30/2025

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CESGA Exam 2025 | Certified Environmental, Social, and
Governance Analyst | Featuring Topics such as ESG
Integration in Investment Decisions, Corporate
Governance, and Sustainability Reporting Standards
Which of the following are the risks and/or opportunities regarding Energy and
Ecological transition? ---------CORRECT ANSWER------------------New entrants
-Diesel-Gate: risks or opportunities depending on car manufacturers; increase in
CO2 emissions with more gasoline cars
What is analyzed in the Society Relationship Pillar? ---------CORRECT ANSWER-------
-----------States
-Supranational organizations
The Technical Expert Group (TEG) on Sustainable Finance... ---------CORRECT
ANSWER-----------------Intends to clarify how asset managers, insurance
companies, and investment or insurance advisors should integrate sustainability
risks
What activities are considered as the second step for a quantitative analysis? ------
---CORRECT ANSWER------------------Assessing the impact of material financial
factors on securities in their portfolio(s) and investment universe.
-Adjusting financial forecasts and/or valuation models appropriately
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Download CESGA Exam 2025 | Certified Environmental, Social, and Governance Analyst and more Exams Environmental Management in PDF only on Docsity!

CESGA Exam 2025 | Certified Environmental, Social, and

Governance Analyst | Featuring Topics such as ESG

Integration in Investment Decisions, Corporate

Governance, and Sustainability Reporting Standards

Which of the following are the risks and/or opportunities regarding Energy and Ecological transition? ---------CORRECT ANSWER------------------New entrants

  • Diesel-Gate: risks or opportunities depending on car manufacturers; increase in CO2 emissions with more gasoline cars What is analyzed in the Society Relationship Pillar? ---------CORRECT ANSWER------- -----------States
  • Supranational organizations The Technical Expert Group (TEG) on Sustainable Finance... ---------CORRECT ANSWER-----------------Intends to clarify how asset managers, insurance companies, and investment or insurance advisors should integrate sustainability risks What activities are considered as the second step for a quantitative analysis? ------ ---CORRECT ANSWER------------------Assessing the impact of material financial factors on securities in their portfolio(s) and investment universe.
  • Adjusting financial forecasts and/or valuation models appropriately

Globally, which of the following SRI strategies saw the most prominent increase in absolute terms of AuM (assets under management) between 2016 and 2020? ----- ----CORRECT ANSWER-----------------ESG Integration What topics can environmental assessment be based on? ---------CORRECT ANSWER------------------Use of natural resources

  • Waste management
  • Biodiversity. Which statement about UN PRI signatories is correct? ---------CORRECT ANSWER--- --------------The number of UN PRI signatories has seen its most prominent annual increase from 2019 to 2021. Which of the following does not cause difficulties in relation to data quality? ------- --CORRECT ANSWER-----------------Implemented internal controls. The speed of ESG integration is... ---------CORRECT ANSWER-----------------Low despite the comprehensive and high-level commitment of investors and policy makers.

What should investors do in order to understand the quality of transparency on ESG? ---------CORRECT ANSWER------------------ focus on improving the understanding of how an issuer is managing ESG

  • create plans on how to manage ESG risks and value-creation opportunities in the absence of comprehensive and comparable issuer disclosure What is the main critique concerning Social Impact Bonds? ---------CORRECT ANSWER-----------------they may be an expensive method of operating social programs Is the Non-financial information directive 2014/95/UE relevant for the regulation of management dialogue ---------CORRECT ANSWER-----------------No According to Arabesque, which activity is engaged in at the top level score --------- CORRECT ANSWER-----------------combining features into easy-to-use S-Ray scores The legislative package under the EU Commission Action Plan on Sustainable Finance includes a unified EU classification system known as... ---------CORRECT ANSWER-----------------Taxonomy, including harmonised criteria fir determining whether an economic activity is environmentally sustainable and a basis for future establishment of standards and a label of sustainable financial products

Which are the topics of implementation & support services? ---------CORRECT ANSWER------------------Timely delivery of screened universes and portfolios

  • Ongoing monitoring for compliance The Revised Shareholder Rights Directive 2017/828 EC was relevant for the regulation of engagement and voting at the EU level. What is NOT a consequence of this directive ---------CORRECT ANSWER-----------------Strengthening shareholders' rights and decreased transparency on proxy advisors Do companies usually favour individual forms of ESG engagement or collective forms of ESG engagement? ---------CORRECT ANSWER-----------------They usually favour individual forms of ESG engagement Which of the following is an example of discount due to additional capital expenditure? ---------CORRECT ANSWER-----------------Upgrade equipment to improve energy performance. Two priorities for the sociological transition in the automotive sector are: --------- CORRECT ANSWER------------------Urbanization (traffic jams)
  • Risk aversion, judicialization
  • New consumption practices: level of emissions, vehicle electrification, autonomous cars, car-sharing or car-pooling... Which is the last step for Sustainalytics? ---------CORRECT ANSWER-----------------To combine the exposure to unmanageable risks and manageable risks that are unaddressed. Which is the ultimate objective in the asset-allocation decision? ---------CORRECT ANSWER-----------------Assessing relative attractiveness of asset classes. There are several global milestones in the ESG mainstreaming process. What is NOT one of them? ---------CORRECT ANSWER-----------------Rio Declaration on Green Finance What strategy is considered to pursue ESG opportunities? ---------CORRECT ANSWER-----------------Impact Investing What are the key features of Impact Investing? ---------CORRECT ANSWER------------ ------The investor's commitment to measure the social and environmental performance of underlying investments
  • The investor's commitment to report the social and environmental performance of underlying investments

Which elements are necessary for assessing the business risk profile? --------- CORRECT ANSWER-----------------Liquidity Litigation Costs Capital Structure Investment decision making is based on... ---------CORRECT ANSWER----------------- raw data available in the market and produced by companies What does the first set of standards require under the CSRD proposal cover? ------ ---CORRECT ANSWER-----------------the full range of sustainability matters:

  • environment
  • social
  • government
  • cross-cutting standards Which of the following KPIs of the European Federation of Financial Analysts Societies (EFFAS) Commission on ESG is NOT classified as long-term viability? ------ ---CORRECT ANSWER-----------------ESG 24 - contribution to political parties

According to the KPMG Survey of Corporate Responsibility Reporting 2020... ------- --CORRECT ANSWER-----------------N100 companies are acknowledging climate change as a financial risk Which activities should the portfolio manager perform, using the Dashboard, in order to determine areas of analysis? ---------CORRECT ANSWER------------------ Understanding which ESG information is important for their investment process

  • Using the right Front-office system Regarding the role of ESG, what is part of macro-research? ---------CORRECT ANSWER------------------ higher female participation in work
  • demand for social services Advantage of raw data ---------CORRECT ANSWER-----------------= transparency Are there geographic differences in terms of usefulness of ESG integration --------- CORRECT ANSWER-----------------no Regarding composition and nomination, what is expected from an effective board? ---------CORRECT ANSWER------------------ majority of independent directors in nomination comittee
  • public policy on diversity

Which ESG strategy is biased towards small-medium sized companies? --------- CORRECT ANSWER-----------------sustainability themed investments In terms of Climate Overlap EFRAG - ISSB - SEC --> what is the Climate Disclosure Strategy? ---------CORRECT ANSWER-----------------Governance Which two of the sentences below about the CSRD are correct ---------CORRECT ANSWER------------------The CSRD will amend the NFRD of 2014.

  • The CSRD will improve the accessibility of information