Terms

Question 1

Shareholders vs Stakeholders

Answer 1

Shareholders - has equity
Stakeholders - affected by business (people, things, or place), 2nd 3rd degree, such as suppliers

Question 2

CSR

Answer 2

Corporate Social Responsibility

Question 3

Net Zero

Answer 3

The term net zero means achieving a BALANCE between the carbon EMITTED into the atmosphere, and the carbon REMOVED from it. This balance – or net zero – will happen when the amount of CARBON we add to the atmosphere is no more than the amount removed.

In some cases, emissions refers to emissions of all greenhouse gases, and in others it refers only to emissions of carbon dioxide (CO2).

Question 4

Paris Agreement

Question 5

Scope 1, 2, 3

Question 6

Externalities

Answer 6

An externality is a cost or benefit that is caused by one party but financially incurred or received by another.

Externalities can be negative or positive

A negative externality is the indirect imposition of a cost by one party onto another.

Question 7

UNDP

Answer 7

United Nations Development Programme

Question 8

(Carbon) Offsetting

• offset/credit

Answer 8

Carbon offsetting is a carbon trading mechanism that enables entities such as governments or businesses to compensate for (i.e. “offset”) their greenhouse gas emissions by investing in projects that reduce, avoid, or remove emissions elsewhere.

One carbon offset or credit represents a reduction, avoidance or removal of one tonne of carbon dioxide or its carbon dioxide-equivalent (CO2e).

Question 9

FUN :D

What is 1 tonne of CO2 equivalent to? (random examples)

Answer 9

A flight back from Paris to New York

Driving 6,000 km in a diesel car

120,000 smartphones charged”

Driving 5 cars in a year
10 km/l or 22 MPG