Report

CDP

Carbon Disclosure Project

CDP operates a global voluntary disclosure platform where your business can annually report its impact on and approach to climate, water and forests and receive a score from CDP.

CSRD

Corporate Sustainability Reporting Directive

An EU regulation requiring businesses to report on non-financial ESG information in line with the European Sustainability Reporting Standards. Replaces the Non-Financial Reporting Directive.

EFRAG

European Financial Reporting Advisory Group

EFRAG provides technical advice to the European Commission in the form of draft European Sustainability Reporting Standards.

ESG

Environmental, Social and Governance

A framework for businesses to use to consider their impact on, and the associated risks of, changing environmental, social and governance issues.

ESRS

European Sustainability Reporting Standards

The Standards issued by the European Financial Reporting Advisory Group that businesses must report against under the EU’s Corporate Sustainability Reporting Directive.

GHGs

Greenhouse Gases

The harmful gases that cause global warming.

GRI

Global Reporting Initiative

An international, independent standard organisation that operates 25 standards to help businesses, governments, and other organisations understand and communicate their impacts on issues such as climate change, human rights, and corruption.

IAASB

International Auditing and Assurance Standards Board

The International Auditing and Assurance Standards Board is an independent standards-setting body for auditing, quality control, review, other assurance, and related services. The IAASB has created a draft standard for the assurance of sustainability information.

IFRS

International Financial Reporting Standards Foundation

The International Financial Reporting Standards Foundation is an independent standards-setting body that sets the international standards for accounting and, more recently, sustainability reporting.

IFRS S1

The first of two sustainability focussed standards from the International Financial Reporting Standards Foundation: S1 General Requirements for Disclosure of Sustainability-related Financial Information

IFRS S1 requires businesses to disclose information about all sustainability-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term.

IFRS S2

The second of two sustainability focussed standards from the International Financial Reporting Standards Foundation: Climate-related Disclosures

IFRS S2 requires businesses to disclose information about climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, its access to finance or cost of capital over the short, medium or long term.

ISSB

International Sustainability Standards Board

The International Sustainability Standards Board was established by the International Financial Reporting Standards Foundation in 2021 to develop comprehensive sustainability reporting standards that meet the needs of investors and financial markets.

SBTi

Science Based Targets initiative

The Science Based Targets initiative is a partnership between CDP, the United Nations Global Compact, World Resources Institute and the World Wide Fund for Nature that guides companies in setting emissions reduction targets aligned with the science of the global goal of limiting warming to 1.5°C.

TCFD

Taskforce on Climate Related Financial Disclosure

The Taskforce on Climate-Related Financial Disclosure was established in 2015 to create an overarching framework for robust disclosure of climate related risks and opportunities, and approach to managing them.

TPT

Transition Plan Taskforce

The Transition Plan Taskforce was established by the UK Government in 2021 to create a gold standard for disclosure of Net Zero transition plans.

US SEC

United States Securities and Exchange Commission

The US Securities and Exchange Commission is a US federal agency that regulates securities markets and protects investors. It has released a ‘Proposed Rule’ that would require businesses to report in detail on climate-related matters.