Title: Quiz Assessment

Q: What are advantages for a firm to conduct a life cycle assessment?
- To identify processes or material flows relevant for the environmental impact of a product. (correct)
- To assess the environmental impact of a novel product providing new benefits to the user. (LCA typically evaluates the impact per functional unit and hence does not consider potential increase in consumption level induced by a product with new benefits to the users (e.g. rebound effect).)
- To assess and localize environmental risks resulting from products or firm activities. (LCA typically only looks at a baseline ignoring unlikely but possible accidents, which would be relevant to assess risk. However, LCA can help to identify potential “risky” processes and material flows.)
- To develop different measures to reduce the environmental impact of a firm. (LCA allows to assess and compare different measures, but the actual process of developing potential measures requires goes beyond LCA and include product and business model development.)

Q: Which statement about the stakeholder perspective is correct?
- Stakeholders participate on the financial gains or losses of a firm. (This answer defines a shareholder. Stakeholders are any group or individual who affect or are affected by the achievement of an organization’s objectives.)
- Latent stakeholders are characterized by high power, urgent claims and legitimated actions. (Latent stakeholders only fulfill one of the three criteria. Those who fulfill all three are definitive stakeholders.)
- NGOs are watchdogs attacking and influencing firms with very low corporate sustainability commitment. (NGOs can also influence firms with high corporate sustainability through strategic alliances. Moreover, firms with high sustainability commitment are more receptive and vulnerable to NGO critique.)
- The stakeholder perspective does not replace but complement the LCA perspective. (correct)

Q: Which statement about the sustainability reporting is correct?
- Sustainability reports are for shareholders what financial reports are for stakeholders. (It is the other way around: sustainability reports are for stakeholders.)
- Sustainability reports are written for stakeholders, but without their participation. (Sustainability reports allow firms to include stakeholder views and recognize potential for optimization.)
- Sustainability reports should focus on issues with high relevance for stakeholder assessment. (Sustainability reports should focus on issues with high materiality, not just stakeholder relevance.)
- Sustainability reports should not focus on issues with high relevance for stakeholders, but low significance for sustainability. (correct)

Q: Which answer best represents Unilever's overall aim of its sustainability efforts?
- Provide people with better quality of life and produce higher yields for the company.
- Reduce waste, alleviate poverty and and develop an inclusive model of growth.
- Motivate the employees of the company to support corporate sustainability and gaining the trust of stakeholders and partners in the value chain.
- All of the above. (correct)