Certified ESG Analyst CESGA Exam 2025 Prep Test
Bank Covering 150 Correctly Answered Questions
from Modules 1-7| CESGA Exam Module WITH
MOST TESTED QUESTIONS GRADED A+
THE CERTIFIED ESG ANALYST (CESGA) EXAM ASSESSES KNOWLEDGE ACROSS CORE ESG
MODULES INCLUDING STRATEGIC INTEGRATION, RISK ANALYSIS, SUSTAINABLE FINANCE,
AND REGULATORY STANDARDS. THIS RESOURCE INCLUDES 150 VERIFIED QUESTIONS WITH
CORRECT ANSWERS FROM MODULES 1 THROUGH 7, PROVIDING A COMPREHENSIVE
REVIEW FOR 2025 CANDIDATES. IDEAL FOR PROFESSIONALS PREPARING FOR ESG
CERTIFICATION AND ADVANCED SUSTAINABILITY ANALYSIS.
Which of the following statements are steps for integrating environmental, social, and corporate
governance factors in analysis and valuation?
A) Assessing the impact of material factors across the whole fundamental
analysis
B) Identifying financial material ESG issues
C) Quantifying the impacts in the financial forecasting and valuation exercise
a) A and B but not C
b) B and C but not A
c) A and C but not B
d) A, B and C - CORRECT ANSWER-d)
Which of the following is not a main market driver related to sustainable finance?
a) Investor demand
b) Global challenges
c) Data availability
d) Accidents - CORRECT ANSWER-d)
What has happened to carbon emissions from fossil fuels since 1990?
a) Carbon emissions have increased
b) Carbon emissions have significantly decreased
c) Carbon emissions have slightly decreased
,d) Carbon emissions have remained at the same level - CORRECT ANSWER-a)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the most likely risk
event on the world?
a) Extreme weather
b) Weapons of mass destruction
c) Asset bubbles
d) Water crisis - CORRECT ANSWER-a)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the most likely risk
event on the world?
a) Extreme weather
b) Natural disasters
c) Biodiversity loss
d) Climate action failure - CORRECT ANSWER-a)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the risk event with
the greatest impact on the world?
a) Extreme weather
b) Natural disasters
c) Infectious diseases
d) Climate action failure - CORRECT ANSWER-c)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the risk event with
the greatest impact on the world?
a) Climate action failure
b) Cyberattacks
c) Water crises
d) Infectious diseases - CORRECT ANSWER-d)
Which of the following topics is not a Sustainable Development Goal (SDG)
a) Climate Action
,b) Gender Equality
c) End Population Growth
d) No Poverty - CORRECT ANSWER-c)
In light of global risks and challenges, corporations need to consider and incorporate:
a) Double materiality and environmental materiality
b) Financial materiality
c) Dynamic materiality
d) Double materiality - CORRECT ANSWER-d)
Which three questions are asked to define an SDI decision tree?
A) Does the financed activity contribute significantly to the SDGs?
B) Are business practices consistent with sustainable development objectives?
C) Does the company contribute to a positive transformation in its industry through its sustainable
business practices?
D) Does the company cause a Principal Adverse Impact?
a) A, B & C
b) A, B & D
c) B, C & D
d) A, C & D - CORRECT ANSWER-a)
Which graph represents correctly the relation between weighting and performance?
a) Equal weighted SDI-index (EW) versus benchmark
b) Equal weighted SDI-index (EW) versus Value weighted SDI-index (VW)
c) Equal weighted SDI-index (EW) versus Risk/Return/SDG/SDI-Index
d) Equal weighted SDI-index (EW) versus Tracking SDI-index (Tracking) - CORRECT ANSWER-a)
Which graph is related to the Risk Management issues?
a) Equal weighted SDI-index (EW) versus GHG index
b) Value weighted SDI-index (VW) versus carbon footprint
, c) Tracking SDI-index (Tracking) versus turnover
d) Risk/Return/SDG SDI-index versus benchmark - CORRECT ANSWER-d)
Among the main reasons for investors to join initiatives in the sustainability areas are...
a) Active commitment, public awareness raising, to gain a competitive advantage, information and
knowledge gathering and prevent regulation
b) Active commitment, lobbying, to gain a competitive advantage, information and knowledge
gathering and to prevent regulation
c) Active commitment, population growth, philanthropy, information and knowledge gathering and
to prevent regulation - CORRECT ANSWER-a)
Which of the following statements is false?
a) The UNPRI is a voluntary initiative with a clear focus on the promotion of sustainable and
responsible investment
b) The UNPRI does not require a commitment to the six principles, only five of them
c) UNPRI requires a mandatory annual reporting by signatories
d) UNPRI was launched by a group of large global, insitutional investors - CORRECT ANSWER-b)
How many of the United Nations Principles for Responsible Investment does an investor need to
commit to?
a) Half of them
b) 4 of them
c) 5 of them
d) 6 of them - CORRECT ANSWER-d)
Over the years, what has been the variation of the PRI signatories?
a) Degrowth
b) Stability
c) High increase
d) No variation - CORRECT ANSWER-c)
Does PRI monitor the number of signatories and the number of asset owners?
Bank Covering 150 Correctly Answered Questions
from Modules 1-7| CESGA Exam Module WITH
MOST TESTED QUESTIONS GRADED A+
THE CERTIFIED ESG ANALYST (CESGA) EXAM ASSESSES KNOWLEDGE ACROSS CORE ESG
MODULES INCLUDING STRATEGIC INTEGRATION, RISK ANALYSIS, SUSTAINABLE FINANCE,
AND REGULATORY STANDARDS. THIS RESOURCE INCLUDES 150 VERIFIED QUESTIONS WITH
CORRECT ANSWERS FROM MODULES 1 THROUGH 7, PROVIDING A COMPREHENSIVE
REVIEW FOR 2025 CANDIDATES. IDEAL FOR PROFESSIONALS PREPARING FOR ESG
CERTIFICATION AND ADVANCED SUSTAINABILITY ANALYSIS.
Which of the following statements are steps for integrating environmental, social, and corporate
governance factors in analysis and valuation?
A) Assessing the impact of material factors across the whole fundamental
analysis
B) Identifying financial material ESG issues
C) Quantifying the impacts in the financial forecasting and valuation exercise
a) A and B but not C
b) B and C but not A
c) A and C but not B
d) A, B and C - CORRECT ANSWER-d)
Which of the following is not a main market driver related to sustainable finance?
a) Investor demand
b) Global challenges
c) Data availability
d) Accidents - CORRECT ANSWER-d)
What has happened to carbon emissions from fossil fuels since 1990?
a) Carbon emissions have increased
b) Carbon emissions have significantly decreased
c) Carbon emissions have slightly decreased
,d) Carbon emissions have remained at the same level - CORRECT ANSWER-a)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the most likely risk
event on the world?
a) Extreme weather
b) Weapons of mass destruction
c) Asset bubbles
d) Water crisis - CORRECT ANSWER-a)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the most likely risk
event on the world?
a) Extreme weather
b) Natural disasters
c) Biodiversity loss
d) Climate action failure - CORRECT ANSWER-a)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the risk event with
the greatest impact on the world?
a) Extreme weather
b) Natural disasters
c) Infectious diseases
d) Climate action failure - CORRECT ANSWER-c)
According to the World Economic Forum (WEF) 2021 Global Risk Report, what is the risk event with
the greatest impact on the world?
a) Climate action failure
b) Cyberattacks
c) Water crises
d) Infectious diseases - CORRECT ANSWER-d)
Which of the following topics is not a Sustainable Development Goal (SDG)
a) Climate Action
,b) Gender Equality
c) End Population Growth
d) No Poverty - CORRECT ANSWER-c)
In light of global risks and challenges, corporations need to consider and incorporate:
a) Double materiality and environmental materiality
b) Financial materiality
c) Dynamic materiality
d) Double materiality - CORRECT ANSWER-d)
Which three questions are asked to define an SDI decision tree?
A) Does the financed activity contribute significantly to the SDGs?
B) Are business practices consistent with sustainable development objectives?
C) Does the company contribute to a positive transformation in its industry through its sustainable
business practices?
D) Does the company cause a Principal Adverse Impact?
a) A, B & C
b) A, B & D
c) B, C & D
d) A, C & D - CORRECT ANSWER-a)
Which graph represents correctly the relation between weighting and performance?
a) Equal weighted SDI-index (EW) versus benchmark
b) Equal weighted SDI-index (EW) versus Value weighted SDI-index (VW)
c) Equal weighted SDI-index (EW) versus Risk/Return/SDG/SDI-Index
d) Equal weighted SDI-index (EW) versus Tracking SDI-index (Tracking) - CORRECT ANSWER-a)
Which graph is related to the Risk Management issues?
a) Equal weighted SDI-index (EW) versus GHG index
b) Value weighted SDI-index (VW) versus carbon footprint
, c) Tracking SDI-index (Tracking) versus turnover
d) Risk/Return/SDG SDI-index versus benchmark - CORRECT ANSWER-d)
Among the main reasons for investors to join initiatives in the sustainability areas are...
a) Active commitment, public awareness raising, to gain a competitive advantage, information and
knowledge gathering and prevent regulation
b) Active commitment, lobbying, to gain a competitive advantage, information and knowledge
gathering and to prevent regulation
c) Active commitment, population growth, philanthropy, information and knowledge gathering and
to prevent regulation - CORRECT ANSWER-a)
Which of the following statements is false?
a) The UNPRI is a voluntary initiative with a clear focus on the promotion of sustainable and
responsible investment
b) The UNPRI does not require a commitment to the six principles, only five of them
c) UNPRI requires a mandatory annual reporting by signatories
d) UNPRI was launched by a group of large global, insitutional investors - CORRECT ANSWER-b)
How many of the United Nations Principles for Responsible Investment does an investor need to
commit to?
a) Half of them
b) 4 of them
c) 5 of them
d) 6 of them - CORRECT ANSWER-d)
Over the years, what has been the variation of the PRI signatories?
a) Degrowth
b) Stability
c) High increase
d) No variation - CORRECT ANSWER-c)
Does PRI monitor the number of signatories and the number of asset owners?
