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    Saturday, 12 July 2025, 8:55 AM
    Site: ESG Business Institute
    Course: ESG Business Institute (ESG Business Institute)
    Glossary: Glossary
    S

    Social Impact (ESG)

    Social criteria examine how it manages relationships with employees, suppliers, customers, and the communities where it operates.

    Social Responsibility

    Social responsibility is a moral framework where organizations and individuals strive to act for the greater good and avoid causing harm to society and the environment.

    https://www.humanrightscareers.com/issues/what-is-social-responsibility/

    Stakeholder Capitalism

    Stakeholder Capitalism is a system in which corporations are oriented to serve the interests of all their stakeholders. The key stakeholders are customers, suppliers, employees, shareholders, and local communities. Under this system, a company's purpose is to create long-term value and not to maximize profits and enhance shareholder value at the cost of other stakeholder groups.

    Link: https://tinyurl.com/4umf6f2r

    Standard

    ESG Standards provide specific, detailed, and replicable requirements for what should be reported for each topic, including metrics to measure your ESG initiatives.

    Supply Chain Due Diligence

    Supply chain due diligence is a process in which a company researches and investigates potential suppliers to identify any risks associated with those businesses. Typically these risks will range from legislative and governance issues to ethical and environmental concerns. For example, companies may need to ensure that the suppliers they work with are not involved in practices such as money laundering, child labor, human trafficking, corruption and bribery, and environmental damage.

    By implementing a supply chain due diligence policy, companies can identify any risks from working with different suppliers. Increasingly, supply chain due diligence is used to ascertain whether proposed suppliers align with the company's ESG goals and requirements. As a result of this due diligence, companies can then decide whether to work with specific suppliers and whether suppliers should be asked to take any corrective action before carrying out work for the company.

    Link: https://tinyurl.com/59nhhsd8

    Sustainability

    Sustainability means doing business without negatively impacting the environment, community, or society. United Nations Brundtland Commission defined sustainability as "meeting the needs of the present without compromising the ability of future generations to meet their own needs."

    Sustainability Roadmap

    The sustainability Roadmap guides companies in integrating sustainability-related goals and strategies across the organization.

    Sustainable Building

    The U.S. Environmental Protection Agency (EPA) defines sustainable building as the practice of creating structures and using processes that are environmentally responsible and resource-efficient throughout a building's life cycle—from siting to design, construction, operation, maintenance, renovation, and deconstruction.

    https://archive.epa.gov/greenbuilding/web/html/about.html
    U

    UNGC

    The United Nations Global Compact is a voluntary initiative based on CEO commitments to implement universal sustainability principles, undertake businesses and firms worldwide to adopt sustainable and socially responsible policies, and report on their implementation.

    United Nations Development Programme (UNDP)

    The United Nations Development Programme is a United Nations agency tasked with helping countries eliminate poverty and achieve sustainable economic growth and human development.

    Link: https://tinyurl.com/y4jss84z