Glossary – for a little more clarity
Welcome to our CarbonBlock Glossary.
Website Glossary
- CarbonBlock: Our innovative SaaS platform designed to automate the procurement of sustainability data from supply chains, facilitating Net Zero goals.
- Net Zero: The state where a company’s carbon emissions are balanced by carbon removal, offsetting, or reduction strategies, resulting in no net emissions.
- GHG Emissions: Greenhouse Gas Emissions, which include carbon dioxide (CO2) and other gases that contribute to climate change.
- Sustainability: The practice of conducting business in a way that meets current needs without compromising the ability of future generations to meet their needs.
- Supply Chain: The network of organizations, individuals, activities, and resources involved in producing and delivering a product or service to consumers.
- Data Analysis: The process of examining, cleaning, transforming, and interpreting data to discover meaningful insights and patterns.
- Machine Learning: A subset of artificial intelligence (AI) that uses algorithms to enable systems to learn and make predictions or decisions based on data.
- Interoperability: The ability of different systems, platforms, or networks to work together and exchange data seamlessly.
- ERP (Enterprise Resource Planning): Integrated software systems that manage various aspects of a business, including production, inventory, and financials.
- PDM/PLM (Product Data Management/ Product Lifecycle Management): Software systems used to manage product data, design, and development processes.
- Serverless Infrastructure: A cloud computing model where the cloud provider manages the infrastructure, allowing developers to focus solely on code.
- Data Privacy Standards: Regulations and compliance frameworks, such as GDPR (General Data Protection Regulation), designed to protect individuals’ personal data.
- Hotspots: Areas within a supply chain where environmental or sustainability issues are most pronounced and need attention.
- ESTAINIUM: An external sustainability platform for data sharing and collaboration.
- CATENA-X: A network for cross-company data exchange in the automotive industry.
- PACT: A standardized data format for efficient data exchange.
- Small and Medium-sized Enterprises (SMEs): Companies with a limited number of employees and lower revenue compared to larger corporations.
- PCF (Product Carbon Footprint): PCF is a measure of the total greenhouse gas emissions caused directly and indirectly by a product throughout its life cycle. It includes emissions from raw material extraction, production, transportation, use, and disposal. Calculating the PCF helps organizations understand and mitigate the environmental impact of their products.
- CCF (Corporate Carbon Footprint): CCF measures the total greenhouse gas emissions directly and indirectly associated with the activities of an organization. It encompasses emissions from operations, supply chains, and other business-related activities. Analyzing the CCF aids companies in developing strategies to reduce their overall carbon footprint.
- GHG (Greenhouse Gas): Gases that trap heat in the Earth’s atmosphere, contributing to global warming and climate change.
- CO2-Emissions: Carbon dioxide emissions, commonly referred to as CO2 emissions, represent the release of carbon dioxide into the atmosphere, often as a result of human activities such as burning fossil fuels. Monitoring and reducing CO2 emissions are critical components of sustainability efforts and combating climate change.
- Primary Data: Information that is collected firsthand, directly from its source. This data is original, unprocessed, and obtained through methods such as surveys, interviews, observations, or experiments. Primary data is valuable for its authenticity and relevance to specific research or analysis.
- Secondary Data: Data that has been collected by someone other than the user. It is pre-existing and often comes from sources like research studies, reports, or publicly available databases. Secondary data is useful for gaining insights without the need for new data collection but may lack the specificity of primary data.
- Scope 1, 2, and 3 Emissions: Categories used to classify GHG emissions in an organization’s carbon footprint:
- Scope 1: Direct emissions from owned or controlled sources (e.g., on-site fuel combustion).
- Scope 2: Indirect emissions from purchased electricity, heat, or cooling.
- Scope 3: Indirect emissions from the entire value chain, including suppliers, customers, and transportation.
- ESG (Environmental, Social, and Governance): A set of criteria used to evaluate a company’s impact on society and the environment, as well as its governance practices.
- CSRD (Corporate Sustainability Reporting Directive): European legislation aimed at enhancing corporate sustainability reporting, promoting transparency, and aligning standards.
- CSDDD (Corporate Sustainability Due Diligence Directive): adopted on February 23, 2022, the CSDDD mandates businesses to address the adverse impacts of their operations and value chains, integrating human rights and environmental considerations across Europe and beyond.
- Biodiversity: The variety of life on Earth, including the variety of plant and animal species, their genetic differences, and the ecosystems they form.
- SaaS (Software as a Service): A cloud computing model that delivers software applications over the internet, eliminating the need for users to install, maintain, and update the software locally. SaaS applications are typically accessed through a web browser, providing users with flexibility and ease of use.
- SBTi (Science Based Targets initiative): The Science Based Targets initiative was established in 2015 to help companies to set emission reduction targets in line with climate sciences and Paris Agreement goals.
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