ESG Glossary


UN SDG - The Sustainable Development Goals (SDGs) are a collection of 17 interlinked global goals designed to be a "blueprint to achieve a better and more sustainable future for all"

Net Zero

Net Zero - cutting greenhouse gas emissions to as close to zero as possible (UN)

Human rights

Human rights - Human rights are rights inherent to all human beings, regardless of race, sex, nationality, ethnicity, language, religion, or any other status (UN)

Global Reporting Initiative (GRI)

Global Reporting Initiative (GRI) - an international independent standards organization

Circular Economy

The circular economy is a model of production and consumption, which involves sharing, leasing, reusing, repairing, refurbishing and recycling existing materials and products as long as possible (EU)


MiFID II - Markets in Financial Instruments Directive, MiFID II is a legislative framework instituted by the European Union to regulate financial markets in the bloc and improve protections for investors.


Greenwashing - Using marketing or misleading information to lead stakeholders to believe in its green image

Corporate Social Responsibility (CSR)

Corporate Social Responsibility (CSR) - a management concept whereby companies integrate social and environmental concerns in their business operations and interactions with their stakeholders (UN)

Greenhouse gases (GHG)

Greenhouse gases (GHG) - Gases that trap heat in the atmosphere, including carbon dioxide, methane, nitrous oxide, and the fluorinated gases


Biodiversity is all the different kinds of life you’ll find in one area—the variety of animals, plants, fungi, and even microorganisms like bacteria that make up our natural world (WWF)

Carbon footprint

A measure of the total greenhouse gas emissions produced by an individual, group, or entity

Carbon intensity

The carbon intensity of electricity is the number of grams of carbon dioxide (CO2) it takes to make one unit of electricity at one kilowatt per hour (kW/hour)

Carbon neutrality

Carbon neutrality means having a balance between emitting carbon and absorbing carbon from the atmosphere in carbon sinks (EU)

Article 6, 8 & 9 funds

Classification under the EU’s Sustainable Finance Disclosure Regulation (SFDR) framework for disclosure of investment funds’ sustainability characteristics