Full ESG Glossary

  • Carbon Footprint

    The total greenhouse gas emissions caused directly and indirectly by an individual, organization, event, or product.

  • Carbon Neutral

    Achieved when the net carbon emissions associated with a business or activity are zero.

  • Carbon Negative

    When a business removes more carbon from the atmosphere than it emits, achieving a net negative carbon footprint.

  • Carbon Offset

    A reduction in emissions of carbon dioxide or other greenhouse gases made to compensate for emissions made elsewhere.

  • Carbon Pricing

    Charging emitters a fee for each ton of carbon dioxide they emit to encourage reduction in emissions.

  • Carbon Tax

    A tax levied on the carbon content of fuels to incentivize the reduction of carbon dioxide emissions.

  • CDP

    An organization that runs a global disclosure system for managing environmental impacts.

  • Circular Economy

    An economic system aimed at minimizing waste and making the most of resources.

  • Climate Risk

    Potential negative impacts of climate change on an organization’s operations and financial performance.

  • Base Year

    The specific year against which a company’s performance in reducing emissions is measured, crucial for tracking progress over time.

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