ContentsChapter 8 - Glossary<strong>2012</strong> <strong>Responsible</strong> <strong>Business</strong> <strong>Report</strong> -CHAPTER 8CDGIKNORSUGlobal <strong>Report</strong>ing Initiative (GRI)The Global <strong>Report</strong>ing Initiative (GRI)is a non-profit organization thatworks towards a sustainable globaleconomy by providing sustainabilityreporting guidance. For more onGRI, see www.globalreporting.org/Pages/default.aspxISO 14000Also ISO 14001:2004. ISO 14001is a management standard forenvironmental managementsystems (EMS). The InternationalOrganization for Standardization(ISO) has many other standardsdealing with specific environmentalissues. ISO 14001:2004 providesa framework for a holistic, strategicapproach to the organization’senvironmental policy, plans andactions. A related standard (ISO14064) specifies principles andrequirements at the organizationlevel for quantification and reportingof greenhouse gas emissions andremovals. Official website: www.iso.orgISO 26000Also ISO 26000:2010. ISO26000:2010 provides guidanceto all types of organizations,regardless of their size orlocation, on: concepts, termsand definitions related to socialresponsibility; the background,trends and characteristics ofsocial responsibility; principlesand practices relating to socialresponsibility; the core subjectsand issues of social responsibility;integrating, implementing andpromoting socially responsiblebehaviour throughout theorganization and, through itspolicies and practices, within itssphere of influence; identifyingand engaging with stakeholders;and communicating commitments,performance and other informationrelated to social responsibility. ISO26000:2010 is intended to assistorganizations in contributing tosustainable development. Officialwebsite: www.iso.org.Kyoto ProtocolThe Kyoto Protocol is aninternational agreementlinked to the United NationsFramework Convention on ClimateChange (UNFCC). The majorfeature of the Kyoto Protocol isthat it sets binding targets for 37industrialized countries and theEuropean community for reducinggreenhouse gas (GHG) emissions.More official information: unfccc.int/kyoto_protocol/items/2830.phpNo n-GovernmentOrganization (NGO)A Non-GovernmentOrganization (NGO) is a legalentity created by private persons ororganizations with no participation orrepresentation of any government.OffsettingOffsetting is the practiceof companies financingprojects that avoid, reduce orcapture greenhouse gas emissions.The alternative is to purchase andretire “pollution rights” from carboncap-and-trade markets.<strong>Responsible</strong> <strong>Business</strong>A responsible companyshould have in place amanagerial system to integrateethical, human rights, social andenvironmental concerns into its corestrategy and business operations.<strong>Responsible</strong> <strong>Travel</strong> ManagementAn integrated approach that allowsorganizations to enable corporatemobility in a cost-effective mannerwhile providing for the environment,staff and the broader community.Social ResponsibilityResponsibility of an organizationfor the impacts of itsdecisions and activities on societyand the environment.Sphere of InfluenceRange/extent of political, contractual,economic or other relationshipsthrough which an organization hasthe ability to affect the decisionsor activities of individuals ororganizations.StakeholderIndividual or group that has aninterest in any decision or activity ofan organization.Stakeholder EngagementActivity undertaken to createopportunities for dialogue betweenan organization and one or moreof its stakeholders, with the aim ofproviding an informed basis for theorganization’s decisions.Sustainable Development1] For a company, initiating asustainable development effortmeans reconciling businessdevelopment and financialperformance with social andenvironmental responsibilities.That’s what’s called CorporateSocial Responsibility or <strong>Responsible</strong><strong>Business</strong>. It involves integratinghuman resources, environmental,Copyright © 2013 <strong>CWT</strong>88
ContentsChapter 8 - Glossary<strong>2012</strong> <strong>Responsible</strong> <strong>Business</strong> <strong>Report</strong> -CHAPTER 8CDGIKNORSethical and corporate citizenshipconcerns into the company’sbusiness and its relations with itsstakeholders. See also CorporateSustainability and <strong>Responsible</strong><strong>Business</strong>.2] Development that meets theneeds of the present withoutcompromising the ability of futuregenerations to meet their ownneeds.United Nations GlobalCompact (UNGC)The UN Global Compactis a strategic policy initiative forbusinesses that are committed toaligning their operations and strategieswith ten universally acceptedprinciples in the areas of humanrights, labour, environment and anticorruption.By doing so, business,as a primary driver of globalization,can help ensure that markets,commerce, technology and financeadvance in ways that benefit economiesand societies everywhere. Formore on the UN Global Compact,visit the website www.unglobalcompact.org.United Kingdom Departmentfor Environment, Food andRural Affairs (Defra)Defra has published goodintroductory information on climatechange and greenhouse gasemissions on their website. The UKhas its own code of best practicesfor carbon offsetting and providesa method for carbon footprintanalysis. Climate related overview:https://www.gov.uk/government/organisations/department-forenvironment-food-rural-affairsUCopyright © 2013 <strong>CWT</strong>89
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