ESG

Environmental, social, and governance: a holistic framework that measures the sustainable and ethical behaviour of a business. The criteria ensure that a business is being socially responsible and held accountable, which is in the best interest of shareholders and potential investors.

CSR

Corporate Social Responsibility is a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders.

CSR is generally understood as being the way through which a company achieves a balance of economic, environmental and social imperatives while at the same time addressing the expectations of shareholders and stakeholders.

GHGs

Greenhouse gases are the gases in an atmosphere that trap heat, raising the surface temperature of astronomical bodies such as Earth. Unlike other gases, greenhouse gases absorb the radiations that a planet emits, resulting in the greenhouse effect.

Net Zero

Net zero refers to the balance between the amount of greenhouse gas that's produced and the amount that's removed from the atmosphere. It can be achieved through a combination of emission reduction and emission removal.

Carbon neutral

Although 'net zero' and 'carbon neutral' are often referred to interchangeably, and both result in CO2 being removed from the environment, the two terms are not the same. The term ‘carbon neutral’ is usually used for businesses, referring to their ambition to limit any increase in future carbon emissions, while using offsets to neutralise existing emissions.

Scope 3 emissions

Scope 3 (GHG) emissions are the result of activities from assets not owned or controlled by the reporting organization, but that the organization indirectly affects in its value chain. An organisation's value chain consists of both its upstream and downstream activities.

SDGs

The Sustainable Development Goals aim to transform our world. They are a call to action to end poverty and inequality, protect the planet, and ensure that all people enjoy health, justice and prosperity. In 2015, all the countries in the United Nations adopted the 2030 Agenda for Sustainable Development. It sets out 17 Goals, which include 169 targets.

EMAS

Eco-Management and Audit Scheme or Environmental Management and Audit

Scheme (EMAS) is an international standard for environment management systems. The goal of the standard is to enable organizations to assess, manage and continuously improve their environmental performance.

F&A sector

Fishing and aquaculture (part of the agri-food sector) are economic sectors that encompass all activities from the capture or cultivation/rearing of living aquatic resources to their sale.

Supply chain

A supply chain is a network of individuals and companies that are involved in creating a

product and delivering it to the consumer. Links on the chain begin with the producers of the raw materials and they end when the van delivers the finished product to the user.

Blockchain

A blockchain is a list of transactions that anyone can view and verify. The term is most used with reference to cryptocurrencies.

Blockchain allows all parties in a supply chain to access the same data, potentially reducing communications or data transfer issues. Less time to be spent on data confirmation and more time can be spent on providing goods and services quality, cutting prices, or both

SWOT Analysis

SWOT analysis is a strategic analysis tool for use in context analysis. The acronym refers to the domains it considers: Strengths, Weaknesses, Opportunities and Threats. It combines an assessment of the strengths and weaknesses of an organisation, geographical area or sector with assessment of the opportunities and threats posed by the environment.

RACI Chart

In business and project management, a RACI matrix (responsible, accountable, consulted, and informed) is a model that describes the participation by various roles in completing tasks or deliverables for a project or business process. It is used for clarifying and defining roles and responsibilities in cross-functional or departmental projects and processes.

WRA

Workstreams break down large projects into smaller parts. These workstreams are highly focused - with their own goals and objectives - and making it easier to plan, monitor and execute their activities. Workstream Resource Allocation (WRA) makes it easier to pinpoint resource needs at specific points in the larger project and allocate people efficiently. This reduces the risk of overallocation or underutilisation of resources.

Greenwashing

Greenwashing (aka eco-washing) presents a significant obstacle to tackling climate change. By misleading the public to believe that a company or other entity is doing more to protect the environment than it is, greenwashing promotes false solutions to the climate crisis that distract from and delay concrete and credible action.

LCA

Life-cycle assessment is a process of evaluating the effects that a product has on the environment over the entire period of its life thereby increasing resource-use efficiency and decreasing liabilities. It can be used to study the environmental impact of either a product or the function the product is designed to perform.

Double materiality

Single materiality refers to how climate and other ESG risks and opportunities impact an organisation’s financial performance and position. In contrast, double materiality considers both the effects an organisation has on the climate and environment and the potential impact of these factors on its financial performance.

Sources: Climate Partner, United Nations, Biodev, National Grid, Wikipedia, US Environmental Protection Agency, Investopedia, NIH, EU, European Environment Agency, World Health Organization,