Glossary

What is Carbon Offset

Carbon offsetting involves individuals or legal entities compensating for their own greenhouse gas (GHG) emissions by financing projects that a) prevent the emission of the corresponding amount of GHG elsewhere or b) remove the corresponding amount of GHG from the atmosphere.

Understanding the difference between ESG and ESRS reporting

In the brave new world of sustainability, navigating reporting standards can be challenging. Two key frameworks, Environmental, Social, and Governance (ESG) and European Sustainability Reporting Standards (ESRS), often take center stage mainly for EU organizations aiming to enhance their sustainability efforts.

What is the difference between Sustainability and ESG

There is often confusion surrounding the distinction between ESG and Sustainability, with these terms frequently being used interchangeably.

What is CSRD - Corporate Sustainability Reporting Directive

The Corporate Sustainability Reporting Directive (CSRD) is a regulatory framework established by the European Union. Its primary purpose is to ensure that companies provide transparent, consistent, and comparable information about their sustainability activities and impacts.

What is the advantage of activity-based data

The Greenhouse Gas Protocol suggests two primary data methods for calculating emissions, those are called activity-based data and spend-based data. The choice of which data method to use depends on the purpose of the data collection (e.g. Estimations vs. Compliance), the type of data (e.g. Fuel, transport or purchases of goods) or the availability of data (e.g. from suppliers, internal systems, or databases).

What is ISAE-3000 Revised 3rd Party Attestation

If you’ve been with us for a while, you probably know that data integrity, accuracy and completeness are vital to what we do at Klappir. You may have also gotten word that we recently completed a third party attestation of our system description controls according to the ISAE-3000 (revised) standard. If you don’t know what that means, don’t worry, this short article is for you.

Understanding the Greenhouse Gas Protocol and Scopes 1, 2 and 3

In today's environmentally conscious world, understanding the Greenhouse Gas Protocol scopes is crucial for any organization committed to sustainability.

What is Double Materiality

In the ever-evolving landscape of corporate sustainability, the concept of materiality is becoming increasingly crucial. Materiality in sustainability reporting is all about determining which environmental, social, and governance (ESG) factors matter most to an organization and its stakeholders.

What is a Sustainability Platform

The Sustainability Platform is a cloud-based sustainability software solution designed and developed by Klappir to help organizations manage, measure, and improve their sustainability efforts. The Sustainability Platform is used to collect, track and analyze various aspects of environmental, social, and economic performance, with the goal of reducing negative impacts on the planet and society.

What is SFDR

Dive into the Sustainable Finance Disclosure Regulation, its significance in the financial sector and investors. How does SFDR provide clearer insights into ESG.

What is the NFRD

European Union Directive 2014/95/EU, the Non-Financial Reporting Directive (“NFRD”), is a legislative directive that has legally required certain large, listed companies in Europe to disclose sustainability related information in their annual reports.

What are the ESRS-standards

Central to the CSRD's mission is the implementation of the European Sustainability Reporting Standards (ESRS). The standards elevate sustainability reporting to the same level of significance as financial reporting.

What does ESG stand for

Environmental, Social, and Governance (ESG) refers to the three core pillars used to evaluate a company’s sustainability performance and societal impact. It provides a structured approach for organizations to measure and report on how their operations align with sustainable and ethical practices.

What is the EU taxonomy

The EU Taxonomy is at the forefront of the European Union's efforts to address climate change and promote a future. It serves as a classification system that aims to identify activities that are environmentally sustainable while also guiding investors and companies towards making responsible and eco conscious decisions.