What Does External Assurance Mean in the Context of Sustainability

question 38

Multiple Choice

What does external assurance mean in the context of sustainability reporting?

• A) Insurance purchased to cover fines for environmental damage
• B) Hiring a third party to attest to the claims made in a sustainability report
• C) Hiring a third party to publicize the company's sustainability initiatives
• D) Hiring a third party to provide environmental consulting

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Definitions:

Net Present Value

A valuation method that calculates the present value of an investment's expected cash flows, minus the initial investment cost.

Monthly Interest Rate

The percentage of interest that is charged or earned on a loan or investment over a month's time period.

Credit Policy

A set of guidelines that a company follows to determine credit terms for customers, such as payment period and discount rates.

Discounted Price

Discounted Price refers to a price that has been reduced from the original or listed cost, often to accelerate sale or clearance or as part of promotional offers.