Circular Economy Action Plan (CEAP): A plan proposed by the EU to transition towards a circular economy that is sustainable and promotes growth.
Corporate Sustainability Reporting Directive (CSRD): A proposed EU regulation that would require large companies to disclose information on their environmental, social and governance performance.
Design-Build-Operate-Maintain (DBOM): A project delivery method that involves a single entity being responsible for the design, construction, operation and maintenance of a project.
Do no significant harm (DNSH): A principle used in the EU’s Sustainable Finance Taxonomy to identify economic activities that could cause significant harm to the circular economy and disincentivize investment in such activities.
Drivers, Pressures, States, Impacts and Response (DPSIR) framework: A framework used to analyse and understand complex environmental problems.
European Sustainability Reporting Standard (ESRS): A set of reporting standards developed by the EU to standardize sustainability reporting for companies.
Global Reporting Initiative (GRI): An international organization that provides sustainability reporting standards and guidelines.
International Organization for Standardization (ISO): Responsible for developing and publishing international standards for various industries.
International Sustainability Standards Board (ISSB): An international organization responsible for developing sustainability reporting standards for businesses and organizations.
Joint Research Council (JRC): A research organization established by the European Commission to provide scientific advice and support for EU policies.
Life cycle assessments (LCA): A method used to evaluate the environmental impact of a product or service throughout its entire life cycle.
NACE codes: A coding system (‘Statistical classification of economic activities in the European Community’) used by the EU to classify economic activities.
Platform on Sustainable Finance (PSF): A platform established by the European Commission to develop and coordinate sustainable finance policies and initiatives.
Sustainable Finance Disclosure Regulation (SFDR): A regulation that requires financial market participants to disclose information on how sustainability risks are integrated into their investment decisions.
Sustainable finance taxonomy: A classification system that identifies and sets criteria for determining environmentally and socially sustainable economic activities and investments.
Technical screening criteria (TSC): Criteria used by the European Commission to determine whether economic activities contribute substantially to sustainability objectives.
Waste hierarchy: A prioritized framework that ranks waste management options from most to least desirable, emphasizing prevention, reduction, reuse, recycling and disposal as a last resort.
