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Net Zero Glossary

Key Terms For UK Businesses To Know

Carbon abatement​

A process of reducing or removing greenhouse gas submissions, particularly carbon dioxide, from the atmosphere.​

Corporate Social Responsibility (CSR)​

This is a self-regulating business model that helps a company be socially accountable to itself, its stakeholders, and the public.​

Carbon accounting

The process of measuring, reporting and verifying an organization's greenhouse gas emissions, usually following international standards such as the GHG Protocol.

Environmental, social and governance

A way of judging a company by things other than its financial performance, for example its policies relating to the environment and how happy its employees are.

Carbon capture

The process of removing carbon dioxide from the atmosphere and storing it in a way that prevents it from entering the atmosphere, such as underground storage or utilization in industrial processes.

Net Zero

A state where the amount of greenhouse gases emitted by an organization or process is equal to the amount removed from the atmosphere. Achieving Net Zero is a critical goal for reducing the impact of human activity on the climate.

Carbon footprint

The total amount of greenhouse gas emissions produced by an organization, individual, product or service, usually measured in tonnes of CO2 equivalent.

Renewable energy

Energy derived from renewable sources such as wind, solar, hydropower or biomass, which do not deplete natural resources and produce lower carbon emissions compared to fossil fuels.

Carbon footprinting

The process of calculating an organization's carbon footprint, usually based on its energy consumption and other activities that generate emissions.

Science Based Targets initiative (SBTi)

This mobilises the private sector to take urgent climate action. By guiding companies in science-based target setting, we enable them to tackle global warming while seizing the benefits and boosting their competitiveness in the transition to a zero-carbon economy.

Carbon neutral

A state where an organization has achieved Net Zero emissions by balancing its carbon footprint through carbon offsetting or other methods.

Scope 1 emissions

Direct emissions from sources owned or controlled by the organization, such as emissions from on-site energy use or company vehicles.

Carbon offsetting

A process of balancing greenhouse gas emissions by investing in activities that reduce or remove emissions elsewhere, such as renewable energy projects, afforestation or reforestation.

Scope 2 emissions

Indirect emissions from the consumption of purchased electricity, heat or cooling, which are generated off-site.

Carbon reduction

The process of reducing greenhouse gas emissions from an organization or process through various methods, such as improving energy efficiency, switching to renewable energy, or implementing sustainable practices.

Scope 3 emissions

Indirect emissions that occur along the organization's value chain, such as emissions from transportation, upstream activities, or waste disposal.

Sustainability

The quality of causing little or no damage to the environment and therefore able to continue for a long time.

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