Reporting, Materiality and Corporate Sustainability

Vocabulary flashcards covering key terms related to corporate sustainability, reporting, materiality, and their implications in business strategy.

Corporate Sustainability

The management of a company's operations in a manner that promotes economic development while protecting the environment and contributing to social equity.

Materiality

The principle that guides the importance of an issue or information in the reporting context, used to determine what is necessary for a company's stakeholders.

Lifecycle Assessments (LCA)

A systematic analysis of the environmental impact of a product or service throughout its entire lifecycle, from extraction of resources to disposal.

Greenwashing

The practice of companies misleading consumers about the environmental benefits of a product or service.

Voluntary Reporting

Optional disclosures that are not legally required, focusing on non-financial metrics such as sustainability initiatives.

Mandatory Reporting

Legally required disclosures that follow standardized formats and are enforced by regulatory bodies.

Carbon Accounting

A method for measuring the amount of carbon emitted by an organization as part of its sustainability reporting.

ESG Disclosure

Reporting on Environmental, Social, and Governance factors, which are critical for investors and stakeholders concerned with sustainable and ethical business practices.

Sustainability Standards

Established norms and guidelines that organizations aim to follow in order to measure their performance in terms of sustainability.

Planetary Boundaries

A framework outlining the limit within which humanity can operate safely to avoid destabilizing the Earth's environmental systems.

Biodiversity Intactness Index (BII)

A measure of the extent to which biological communities retain their original composition and diversity.