Glossary
Sustainability can be overwhelming due to complex jargon. We've simplified it to guide you through.
Reporting acronyms
ESG
Environmental Social Governance: a framework that measures a business's impact on the environment, society, and how accountable it is
CSR
Corporate Social Responsibility: a business practice that considers the impact of a company's actions on society and the environment
CSRD
Corporate Social Responsibility Directive: a European Union (EU) law that requires companies to report on their environmental and social impacts
CRP
Carbon Reduction Plan: a roadmap that outlines how an organisation will reduce its carbon emissions
PPN 06/21
Public Procurement Notice June 2021: An accessible template for a carbon reduction plan for public contracts
ISO 14001 certification
An international standard that helps organisations manage their environmental responsibilities and reduce their impact on the environment
TFCD
Task Force on Climate-Related Financial Disclosures: A framework for large companies to disclose climate-related risks and opportunities
SECR
Streamlined Energy and Carbon Reporting: a mandatory reporting framework for energy and carbon emissions, for large businesses in the UK
EPR
Extended Producer Responsibility: a policy that holds procures responsible for their products' entire lifecycle, businesses must report on packaging waste data to do this
SBTI
Science-Based Target Initiative: emission reduction goals aligned with the latest climate science
B-Corp
B-Corporation Accreditation: a certification for businesses meeting high social, environmental, and transparency standards
Impact Assessment
An evaluation of the environmental, social, and economic impacts of a business decision or project
Carbon Credits
Each carbon credit represents the right to emit 1 tonne of CO2e, these are used in emissions trading systems (e.g. EU emissions trading scheme) to track emissions and incentivise reductions. Individuals or organisations can also purchase voluntary credits to offset carbon footprints
LCA
Life Cycle Assessment: an analysis of the environmental impact of a product throughout its entire lifecycle, from raw material extraction to disposal
Sustainability decoded
Renewable Energy
Sourced from naturally replenished resources such as wind, solar, and hydro
Circular Economy
A business model that aims to keep materials in use for as long as possible by reusing, repairing, refurbishing, recycling, and sharing products and materials
Greenwashing
Misleading claims about a product, service, or company being environmentally friendly
SDG
Sustainable Development Goals: 17 global goals set by the United Nations to achieve a better and more sustainable future by 2030
Triple Bottom Line
A sustainability framework focusing on three aspects: people, planet, and profit
Value Chain
The full range of activities required to bring a product or service from conception to delivery and disposal
Supply Chain
A process from the initial point to when an end-user consumes the product
Decarbonisation
The process of reducing carbon emissions from activities or products
CLT
Carbon Literacy Training: education that equips individuals with knowledge and skills to act on climate change, reducing carbon footprints and promoting sustainability
Recycling
The collecting and processing a material to be used again (rather than ending up in a landfill)
Cut the Carbon Jargon
Climate change
The long term shifts in temperatures and weather patterns
GHG
Greenhouse gases are the gases in the earths atmosphere that traps heat
CO2e
Carbon Dioxide Equivalent (CO2e) a way of measuring and comparing all greenhouse gases and expressing them in one common unit
Carbon footprint
The amount of carbon emitted by an individual or organisation in a given period of time, or the amount of carbon emitted during the manufacture of a product
Carbon scopes
The carbon scopes are a way of categorising the different kinds of emissions a company creates in its own operations and in its wider 'value chain'
- Scope 1: Direct emissions from owned or controlled sources.
- Scope 2: Indirect emissions from purchased energy.
- Scope 3: All other indirect emissions in a company's value chain.
Carbon budget
A finite amount of carbon that can be emitted into the atmosphere before warming will exceed specific temperature thresholds
Carbon offsetting
A way of compensating for emissions by participating in, or funding, efforts to take CO2 out of the atmosphere. Paying another party, somewhere else, to save emissions equivalent to those produced by your activity
Baseline
The year against which countries or organisations measure their target decrease of emissions
Net zero
The overall balance between emitting and absorbing carbon in the atmosphere
Carbon neutral
When the emissions produced are offset by carbon credits or natural carbon sinks