Knowledge quiz

It's time to put what you've learned to the test, get 4 right to pass this unit.

A project manager is using the Our Initiatives app to enter a proposal for upgrading a factory's Heating, Ventilation, Air Conditioning (HVAC )system. The project has an upfront installation cost (CapEx) of $200,000. The primary benefit is a projected reduction in annual electricity costs (OpEx) of $40,000. While tracking the project ‘In Progress’ a few months later, the manager sees that the actual expenditures have reached $225,000 due to unforeseen installation complexities. Which of the following best describes the next action that the manager can take?

Choose the correct answer.

The manager should change the initiative's status to Failed immediately, as the actual expenditures have exceeded the planned CapEx.

The manager would update the actual expenditures field, which allows for a direct comparison against the initial financial plan to monitor the project's financial performance.

The manager will not take any action, in fact, the Sustainability Benefits would be automatically reduced because the financial cost of the project has increased.

The manager must delete the initiative and create a new one with the updated financial figures to ensure data accuracy.

A company wants to implement a new multi-year goal to increase its use of renewable energy by 50% by 2030, and also set a specific goal for the upcoming quarter. Which of the following actions would be required to accomplish this?

There are three correct answers.

Create the long-term 2030 goal using the Add Ambition feature in the Our Ambitions app.

Upload the quarterly goal data using the targets in the Manage Quantitative ESG Data app.

Define the target direction for the renewable energy metric as increase in the Manage Metrics app.

Create the quarterly goal using the Add Ambition feature in the Our Ambitions app.

Which of the following is a primary function of assigning a Lever to an initiative?

Choose the correct answer.

To calculate the financial CapEx and OpEx of the initiative.

To assign a responsible owner and contact person for the initiative.

To classify the initiative into a strategic category that aligns with broader sustainability goals.

To set the progress status of an initiative to In Progress or On Hold.

A sustainability manager is in the Our Ambitions app and tries to add a new ambition for the Total GHG Emissions metric. However, they cannot find this metric in the Related Sustainability Metric dropdown list. Which of the following is the most likely step they missed?

Choose the correct answer.

They missed to upload the target data in the Manage Quantitative ESG Data app.

They did not first activate the ambition setting for that specific metric in the Manage Metrics app.

They need to link an external dashboard to the ambition before the metric will appear.

They should have used the Drill Down feature to find the metric first.

Which of the following is a primary distinction between an ambition and a target?

Choose the correct answer.

Ambitions are created in the Manage Metrics app, while targets are created in the Our Ambitions app.

Ambitions represent long-term goals, while targets are short-term objectives.

Ambitions are always about decreasing a value, while targets can be about increasing or decreasing a value.

Ambitions can be tracked with a Drill Down feature, while targets cannot.