Learn, Adapt, and Thrive in the Era of ESG
Environment,
Social &
Governance
Reference Book
A Guide to Key Terms in ESG & sustainability
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ESG is a framework used to assess a company's operations
based on their environmental, social, and governance
ESG performance, reflecting their sustainability and ethical
practices.
A widely adopted framework for sustainability reporting that
GRI provides guidelines for organizations to disclose their
environmental, social, and economic impacts transparently.
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SASB is a standard-setting body that develops industry-specific
SASB sustainability accounting standards for companies to disclose
financially material ESG (non-financial) factors.
UNGC is a global initiative encouraging businesses to adopt
UNGC sustainable practices aligned with ten principles covering
human rights, labor, environment, and anti-corruption.
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UNEP is one of the the UN's agencies focused on promoting
UNEP environmental sustainability through global advocacy, policies,
and cooperation.
TCFD is a framework providing guidelines for companies to
TCFD disclose climate-related financial risks and opportunities,
promoting better understanding and management of these
risks.
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CSRD is an European Union regulation mandating detailed
CSRD sustainability reporting by companies to improve transparency
and accountability on environmental and social issues.
SFDR is an EU regulation designed to enhance transparency
SFDR around sustainable investments by requiring financial market
participants to disclose sustainability risks.
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EU EU Taxonomy is a classification system developed by the EU
that defines criteria for determining whether an economic
activity is environmentally sustainable, supporting the transition
Taxonomy to a low-carbon economy.
BRSR is a mandatory reporting framework introduced by SEBI
BRSR for listed companies in India, requiring them to disclose their
ESG performance.
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EcoVadis is a global platform that evaluates and rates
EcoVadis companies on their environmental, social, and governance
practices to help improve sustainability performance.
Principles for PRI is a set of voluntary principles for integrating ESG factors
Responsible into investment decision-making, supported by the UN to
encourage responsible investment.
Investment
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An international standard offering guidance on social
ISO 26000 responsibility to help organizations operate in an ethical and
transparent manner.
A standard providing requirements for establishing an effective
ISO 14001 environmental management system (EMS),
organizations minimize their environmental impact.
helping
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Social A certification standard ensuring that workplaces meet high
Accountability social responsibility standards, including fair wages, safe
working conditions, and respect for workers' rights.
(SA) 8000
A set of 17 global goals designed to address challenges like
UN SDGs poverty, inequality, climate change, and environmental
degradation, aiming for a sustainable future by 2030.
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Global standards for financial reporting, with the IFRS
IFRS Foundation expanding to include sustainability disclosures
through the ISSB.
A global organization that develops standardized sustainability
ISSB reporting frameworks for consistent and comparable ESG
disclosures.
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An assurance standard providing guidelines for auditing and
ISAE 3000 providing assurance on non-financial information, including
ESG reports.
An international assurance standard specifically for verifying
ISAE 3410 the accuracy and completeness of greenhouse gas (GHG)
emissions statements.
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The concept of identifying which ESG issues are significant
Materiality enough to impact a company’s financial performance or
stakeholder interests.
Double A concept recognizing that ESG issues can affect both a
company's financial performance and the external impact the
Materiality company has on society and the environment.
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Stakeholder The process of involving individuals or groups affected by or
interested in an organization’s decisions or operations, ensuring
Engagement their concerns are addressed.
Socially An investment strategy that seeks both financial returns and
Responsible positive social or environmental impacts, considering ESG
factors in decision-making.
Investing
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Circular An economic model focused on reducing waste by reusing,
recycling, and regenerating materials throughout the product
Economy lifecycle.
Water The responsible use and management of water resources by
businesses and organizations to ensure sustainability and
Stewardship equitable access.
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The variety of life forms within an ecosystem, essential for
Biodiversity maintaining ecological balance and considered a key aspect of
environmental sustainability.
Supply Chain The practice of managing environmental, social, and ethical
impacts throughout a company’s supply chain to ensure
Responsibility responsible business practices.
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Human Rights A process companies use to identify, prevent, and mitigate their
adverse impacts on human rights throughout their operations
Due Diligence and supply chains.
Gender Ensuring fair treatment, opportunities, and outcomes for all
genders, typically as part of a company’s social responsibility
Equality initiatives.
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Diversity and Efforts to ensure diverse representation of backgrounds,
identities, and experiences, and creating an inclusive workplace
Inclusion where everyone feels valued.
Corporate The system of rules, practices, and processes by which a
company is directed and controlled, ensuring accountability
Governance and ethical behavior.
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Whistleblower A policy that protects employees who report unethical or illegal
activities within an organization, encouraging transparency and
Policy accountability.
Board A governance principle requiring a company’s board to include
independent directors who do not have conflicts of interest,
Independence ensuring impartial decision-making.
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Ethical The practice of ensuring that the products or materials a
company buys are sourced in a responsible and sustainable
manner, with consideration for social and environmental
Sourcing impact.
Labor The rights of workers to fair treatment, safe working conditions,
and the freedom to organize and bargain collectively.
Rights
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Fair A movement that aims to ensure producers in developing
countries receive fair wages and work under safe, ethical
Trade conditions.
Anti-Bribery A policy or practice designed to prevent corruption, bribery, and
unethical conduct in business operations.
Policy
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Sustainable The practice of sourcing goods and services in a way that
minimizes negative environmental and social impacts.
Procurement
Social The effect an organization’s actions have on society, often
assessed in terms of improving communities, livelihoods, or well-
Impact being.
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Human
Capital Managing and developing an organization's workforce to
maximize employee well-being, engagement, and productivity.
Management
A global index tracking the performance of companies with
DJSI strong ESG practices and sustainability leadership.
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Human Fundamental rights and freedom to which all individuals are
entitled, often protected under international law and company
Rights policies.
A certification for companies that meet rigorous standards of
B Corp social and environmental performance, accountability, and
transparency.
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Sustainable Managing the environmental, social, and economic impacts of
a company’s supply chain in a way that promotes sustainability.
Supply Chain
Responsible Marketing that is transparent, ethical, and mindful of the well-
being of consumers and the broader community.
Marketing
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Human The illegal exploitation of people through force, fraud, or
coercion for the purposes of forced labor or sexual exploitation.
Trafficking
Fair A wage that allows workers to meet their basic needs, maintain
a decent standard of living, and participate fully in society.
Wage
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Forced Labor performed under threat or coercion, often characterized
by exploitation and denial of freedom.
Labor
Child The employment of children in work that deprives them of their
rights to education, safety, and a healthy development.
Labor
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Workplace Practices and policies to protect workers from accidents,
injuries, and exposure to hazardous conditions in the workplace.
Safety
Decent Employment that provides fair wages, security, social
protection, and respect for workers' rights, while promoting a
Work safe and healthy working environment.
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Community Contributions made by a company to improve the social,
economic, and environmental well-being of the communities in
Investment which they operate.
Indigenous The rights of indigenous peoples to maintain their cultural
identity, traditional practices, and land, recognized
Rights
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