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The impact of sustainability on value
Glossary - What does it all mean?
Company carbon declarations Carbon neutral offsetting emissions with payments either to avoid a reduction in emissions or remove carbon from the atmosphere
Net zero carbon means that a company removes as much carbon as it emits Carbon negative means that a company is removing more carbon than it emits each year
Science based targets are targets adopted by companies to reduce greenhouse gas (GHG) emissions. They are considered “science-based” if they are in-line with what the latest climate science says is necessary to meet the goals of the Paris Agreement - to limit global warming to well-below 2°C above pre-industrial levels and pursue efforts to limit warming to 1.5°C.
Circular economy means everything has value, and nothing is wasted. In simple terms, it can be explained as ‘make, use, remake’ as opposed to ‘make, use, dispose’.
Net zero carbon building - the World GBC definition of a net zero carbon building is a building that is highly energy efficient and fully powered from on-site and/or off-site renewable energy sources.
Net zero carbon in construction when the amount of carbon emissions associated with a building’s product and construction stages up to practical completion is zero or negative, through the use of offsets or the net export of on-site renewable energy.
Net zero carbon in operation when the amount of carbon emissions associated with the building’s operational energy on an annual basis is zero or negative. A net zero carbon building is highly energy efficient and powered from on-site and/or off-site renewable energy sources, with any remaining carbon balance offset.
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