Full ESG Glossary

  • Value Chain Emissions

    Emissions generated in the upstream and downstream activities associated with a company’s operations.

  • Upstream Emissions

    Emissions from the production of purchased goods and services.

  • UNGC (United Nations Global Compact)

    A voluntary initiative to implement universal sustainability principles.

  • Task Force on Climate-related Financial Disclosures (TCFD)

    Provides a framework for companies to disclose climate-related financial risks.

  • Sustainability Reporting

    The practice of disclosing organizational performance towards sustainable development.

  • Scope 4 Emissions (Avoided Emissions)

    Emissions reductions that occur outside of a company’s own or controlled value chain.

  • Scope 3 Emissions

    All other indirect emissions that occur in a company’s value chain.

  • Scope 2 Emissions

    Indirect emissions from the generation of purchased electricity.

  • Scope 1 Emissions

    Direct emissions from owned or controlled sources.

  • SBTi (Science Based Targets initiative)

    Encourages businesses to set emission reduction targets in line with climate science.

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