Quiz for CERCLA Environmental Risk and ESG

What is a TSQ, for purposes of this webinar topic?

1. Prior to making a loan secured by commercial property, an initial ______________________ should be conducted during the application process.

1. Identification is a good first step in evaluating environmental risk is completing part one of the ASTM E1528 TSQ.

1. CERCLA imposes liability on parties responsible for, in whole or in part, the presence of hazardous substances on a property.

1. It is the responsibility of the Board of Directors and senior management to uphold a critical role in incorporating environmental considerations in the bank’s overall risk appetite, strategies and business plans.

1. Which of the following are examples of environmental risk translating to financial risk?

1. Small financial institutions and community sized banks shouldn’t worry about environmental financial risk.

1. In order to develop a risk management framework to manage environmental risks, the bank must develop systematic and consistent practices through ___________ and ____________.

1. Which of the following are examples of an environmental risk program?

1. The requirements of the Interagency Guidance on Climate Related Financial Risk Management, which was issued in October 2024, only applies to financial institutions over $100 billion in total consolidated assets.