The Power of And - Purpose and Profits

These flashcards cover key terms and concepts related to environmental, social, and governance (ESG) issues, corporate responsibility, sustainability reporting, and the frameworks that guide organizations in these areas.

Environment, Society, Government (ESG)

A framework for evaluating the impact of an organization on the environment, society, and governance issues.

Corporate Social Responsibility (CSR)

A voluntary approach where companies integrate social and environmental concerns into their business operations.

Greenhouse Pollution Pricing Act (GGPPA)

A Canadian law that establishes a national pricing framework for greenhouse gas emissions.

Triple Bottom Line (3BL)

An accounting methodology that evaluates a company's performance based on social, environmental, and financial metrics.

Integrated Reporting

An approach to corporate reporting that aims to provide insights about an organization’s strategy, governance, performance, and prospects in a reliable and comparable format.

Global Reporting Initiative (GRI)

An international independent organization that provides a framework for companies to report their sustainability impacts.

Sustainable Development Goals (SDG)

Seventeen goals established by the United Nations aimed at addressing global challenges and ensuring sustainable development.

Transparency

The principle that organizations should disclose information in a clear and accessible manner to stakeholders.

Stakeholder

Any individual or group that has an interest or concern in an organization, including employees, customers, investors, and the community.

Greenwashing

The practice of misleading consumers regarding the environmental practices of a company or the environmental benefits of a product or service.