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Glossary

Insights

Glossary

Clear definitions of the sustainability, climate, and ESG terms that matter most — from CBAM and CSRD to SBTi and PCAF. Written by Semtrio's advisory team.

Are there any terms you don't recognise?

Browse A-Z

A

Annex-1 List (Türkiye ETS)

The Annex-1 list (EK-1) is the scope list of the Türkiye ETS Regulation. It sets out the covered activities using a three-part structure: activities covered unconditionally, activities covered above a capacity threshold, and combustion units at or above 20 MW total rated thermal input.

Regulation & Compliance

Article 6 (Paris Agreement)

Article 6 of the Paris Agreement sets the rules for countries to cooperate on cutting emissions through carbon markets, including trading mitigation outcomes and a UN-run crediting mechanism.

Carbon Markets

Assurance (Sustainability Reporting)

Assurance in sustainability reporting is an independent practitioner's examination of an organisation's sustainability disclosures, resulting in a published conclusion — at a limited or reasonable level — on whether the information is reliable and prepared in line with the applicable criteria.

ESG Reporting

Assurance Statement

An assurance statement is the formal report issued by an independent assurance provider that expresses its conclusion on whether sustainability or ESG information is fairly stated against defined criteria.

Ratings

Authorised Representative

An authorised representative is a person or entity established in the EU that a non-EU producer appoints to carry its EU regulatory obligations. Under the PPWR, a non-EU producer selling directly must appoint one in each member state where it places packaging.

Regulation & Compliance

B

B Corp Certification

B Corp certification is a third-party certification awarded by B Lab to companies that meet verified standards of social and environmental performance, make a legal commitment to consider all stakeholders, and disclose their results publicly.

Ratings

B Impact Assessment

The B Impact Assessment (BIA) is B Lab's free tool for measuring a company's social and environmental performance and the basis for B Corp Certification — now being superseded by B Lab's new standards, which replace the score with mandatory performance requirements.

Ratings

Banking and Borrowing (of Allowances)

Banking is carrying unused emission allowances forward to a later compliance period, while borrowing is using allowances allocated for a future period to meet a current obligation; together they give installations flexibility over time.

Carbon Markets
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Have a question we haven't defined yet?

If you're working through a regulatory framework or sustainability challenge and need clarity on a specific term or concept — our team is here to help directly.