pg. 1 Certified ESG Analyst CESGA Exam 2025 Prep Test Bank Covering 350 Correctly Answered Questions from Modules 1-7| CESGA Exam Module 1-7 Each Module Contains 50 Questions With 100% Correct Answers Contents CESGA Module 1 .......................................................................................................................... 1 CESGA Module 2 ........................................................................................................................ 12 CESGA Module 3 ........................................................................................................................ 26 CESGA Module 4 ........................................................................................................................ 37 CESGA Module 5 ........................................................................................................................ 48 CESGA Module 6 ........................................................................................................................ 63
CESGA Module 1 According to the GSIA, how are assets classified with reference to each sustainable investment strategy?
a) Only as global
b) Depending on article 8 or 9 SFDR
c) Per region and globally
d) As relating to the six environmental objectives of the EU Taxonomy
c) There are several global milestones in the ESG mainstreaming process. Which of the following events is NOT one of them?
a) United Nations General Assembly agrees the 2030 Agenda for Sustainable
Development and the Sustainable Development Goals (SDGs)
b) Rio Declaration on Green Finance
c) EU Action Plan on Sustainable Finance EU High-Level Expert Group (HLEG)
on sustainable finance
d) EU Green Deal
b) Corporate Social Responsibility "is the responsibility of enterprises for their impacts on society". Who provided this definition?
a) European Commission 1 / 4
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b) World Economic Forum
c) Global Reporting Initiative
d) UN Principles of Responsible Investment (UN PRI)
a) Looking at ESG Ratings, which of the following sentences is correct?
a) They are developed by research and rating providers that evaluate a set of
indicators
b) They are made up of issues with different weights, but the weights are the same
in every industry
c) They are built on the basis of the same indicators for all industries in order to
have a better comparability between companies in different industries a) The Sustainalytics research is focused on ESG risks and takes into account the industry classification in compiling the score. Which of the following is a correct step in this process?
a) The first step is the identification of all ESG issues that are likely to have a
significant impact on the value of the company
b) In a second step, the company's exposure is divided in manageable and
unmanageable risk
c) The third step identifies which manageable risks are addressed
d) All mentioned steps are correct
d) Which of the following indicators does not use RepRisk to describe employee relations?
a) Forced labor and social discrimination
b) Child labor and poor employment conditions
c) Discrimination in employment
d) Executives' compensation
d) Which of the following statements is false?
a) S&P has acquired Robeco SAM
b) Moody's has acquired Viego Eiris 2 / 4
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c) Fitch has acquired ISS
d) Morningstar has acquired Sustainalytics
c) Which is one of the objectives of the alliances in terms of use of ESG data?
a) Joint work towards taxonomy of the HLEG in order to have a common language
of sustainable finance
b) Joint work towards green bond standard of the HLEG in order to have a
common language of sustainable finance
c) Joint work towards delegated acts of the HLEG in order to have a common
language of sustainable finance a) In 2018 the speed of ESG integration was...
a) Low despite the comprehensive and high-level commitment of investors and
policy makers
b) Fast thanks to the comprehensive and high-level commitment of investors and
policy makers
c) Fast despite the low-level commitment of investors and policy makers
d) Low because of the low-level commitment of investors and policy makers
a) According to Friede (2019), which is the most prominent group of barriers to ESG integration?
a) Organizational set-up
b) Lack of investor education/knowledge
c) Absence of clear standards and definitions
d) Perceived lack of a business case
d) According to empirical evidence based on surveys of perception of ESG and performance...
a) Since 2017 the perception of ESG and performance has increased
b) Since 2017 the perception of ESG and performance has been stable
c) There is no empirical evidence about the better performance of ESG investments
d) Since 2017 the perception of ESG and performance has decreased 3 / 4
pg. 4 a) When looking at ESG and performance...
a) A good ESG performance cannot lead to better Corporate Financial Performance
(CFP)
- 90% of all studies find a non-negative correlation between ESG performance
and corporate financial performance (CFP)
c) ESG does not affect operational metrics or financial performance
b) Which of the following sentences is false?
a) Many studies suggest that a good ESG performance cannot lead to better
Corporate Financial Performance (CFP)
- 50% of studies exhibit a significant positive relation between ESG-CFP
- 90% of studies find a non-negative ESG-CFP (Corporate Financial
(Corporate Financial Performance)
Performance) relationship
d) ESG impacts operational metrics and financial performance
a) Which of the following sentences is false?
a) Several drivers explain the growth of the ESG market
b) There is clear empirical evidence for the business, social and environmental
rationale of ESG investing
c) The whole value chain is influenced by ESG
d) The ESG-Corporate Financial Performance (CFP) is most likely to be distorted
by publication biases, methodological weaker studies or analyses published in social issues-oriented journals d) Which of the following sentences is true?
a) Demand for ESG measures is increasing
b) There is a lack of empirical evidence for the business, social and environmental
rationale of ESG investing
c) Only one driver explains the growth of the ESG market climate change
a)
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