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Saturday, 20 April 2024, 3:14 PM
Site: ESG Business Institute
Course: ESG Business Institute (ESG Business Institute)
Glossary: Glossary
1

1% for the planet

An international organization whose members contribute at least one percent of their annual revenue to environmental causes to protect the environment. The aim is to offer accountability, prevent greenwashing, and "certify reputable giving.

Link: https://tinyurl.com/2sjukekb
A

Anti-retaliation

An employee policy that prohibits retaliation and outlines the procedure for reporting retaliation.
B

Blue Washing

UNGC Blue washing is the practice of businesses signing up for the UN global compact and then using their affiliation with the UNGC to improve their image and divert attention away from their unethical business practices.

Broad-based Black Economic Empowerment (BBBEE)

Broad-Based Black Economic Empowerment (B-BBEE or BEE) is one of the initiatives aiming to target inequality and stimulate economic growth, promoting economic participation and equitable wealth distribution. Intrinsic to its technical name, BEE is a policy that is instrumental in broadening the nation's economic base. By promoting the economic elevation of black people, the approach works to uplift the previously disadvantaged, which will ultimately lead to socio-economic transformation.

The main objective of B-BBEE is the inclusion of black people (defined broadly as Africans, Indians, and Coloureds) in the economy, with a larger goal of national empowerment, targeting historically disadvantaged people such as black people, women, the youth, rural communities, and disabled people.

Link:https://tinyurl.com/y2kczyb2"
C

Carbon Credits

Carbon Credit is a generic term for any tradable certificate or permits representing the right to emit a set amount of carbon dioxide or the equivalent greenhouse gases. Carbon credits are generated from global projects that pull Greenhouse Gases (GHGs) out of the atmosphere or keep emissions from being released. One credit permits the emission of one ton of carbon dioxide or the equivalent of other greenhouse gases. Typically companies that have exceeded their carbon emission limit will be purchasing Carbon Credit to offset the GHG released by the organization.

Carbon Footprint

Carbon footprint is the total amount of greenhouse gases (including carbon dioxide and methane) generated by our actions. It can be from travel activity, electricity, or even how much we consume food.

Link: https://tinyurl.com/r5ms7r5b

Carbon Negative of Climate Positive

Both terms refer to a situation whereby a company removes or captures more CO2 from the atmosphere than it even emits. As a result, the company has negative carbon emissions and positively impacts the climate. 

Carbon Neutral

Carbon neutrality means balancing emitting and absorbing carbon from the atmosphere in carbon sinks. 

Carbon Offset

Carbon Offset is an action or activity (such as the planting of trees or carbon sequestration) that compensates for carbon dioxide or other greenhouse gases emission into the atmosphere.

Carbon Trading

Carbon Trading refers to buying and selling the right to produce carbon dioxide emissions so that people, countries, or companies who use a lot of fuel and electricity can buy rights from those that do not use so much.

Link: https://tinyurl.com/5n8wcyzy