{% extends "global/Page.html" %}

{% block title %}ESG Task{% endblock %}
{% block content %}

    <p>
        <strong>Instructions: Given you selected to work for Company A,
            you are required to read the following passage and answer comprehension questions.
            You must answer all questions prior to proceeding with the task.</strong> <br>
    </p>
    <hr>
    <p>
        Companies now disclose environmental social governance (ESG) reports.
        These reports include sustainable information and practices conducted by the company.
        According to the Value Reporting Foundation (VRF), investors are increasingly demanding sustainability
        information to improve their ability to achieve above-market returns, reduce risk and volatility,
        and improve environmental and social investment outcomes.
        Some literature shows that there is a positive relationship between sustainability performance and
        financial performance.
    </p>
    <p>
        According to a 2019 UN Global and Accenture study, approximately 94 percent of CEOs believe that sustainability
        issues are relevant to the future success of their business. In response, in 2019, approximately 90 percent
        of U.S. companies now voluntarily disclose an ESG report. Such voluntary ESG reports can adhere to voluntary
        sustainability reporting standards, such as Sustainability Accounting Standards Board (SASB) or Global
        Reporting Initiative (GRI). Relative to GRI, SASB standards provide industry-specific information on how
        to report environmental social, and governance information. SASB is designed with investors as the target
        audience. GRI, on the other hand, is industry agnostic with certain industry-specific information and targets
        all stakeholders. Companies who adhere to these standards can then obtain third-party assurance, which
        signals to users that the ESG report is reliable. However, based on 2019 S&P 500 reporting practices,
        only 29 percent of companies received external assurance for sustainability information.
    </p>
<br>
<hr>
<br>
<p><strong>Please answer the following questions based on the excerpt above.</strong></p>



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