ESG Glossary
Definition
The ways climate change, and the world’s response to it, could affect a company’s business. Risks include physical damage from extreme weather and the costs of moving to a low-carbon economy, such as carbon pricing or changing customer demand. Opportunities include new low-carbon products, lower energy costs and access to green finance. IFRS S2 and other climate reporting standards ask companies to report the ones that could affect their cash flows, access to finance or cost of capital.
In Context
“Our rooftop solar programme cut power bills by 18%, so we reported it as a climate-related opportunity and investors asked to see the rollout plan.”
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FAQs
Data security
We take data security very seriously. ECO-OS uses enterprise-grade security measures, including encryption, secure data storage, regular security audits, and compliance with leading industry standards. Your sensitive ESG data remains private, secure, and confidential at all times.
Do you provide implementation support?
Absolutely! Our professional services team is among the most talented and experienced in the business. They provide hands-on implementation support, systematically guiding your team every step of the way. From initial data discovery and onboarding of users to training and integration, our experts ensure your team rapidly closes gaps and creates new value with ECO-OS.
Do you also support Scope 3 reporting?
Of course. ECO-OS provides an end to end solution for Scope 3 emissions following the guidance of the GHG Protocol. A suite of tools unique to our platform simplifies the complex task of communicating, collecting and aggregating your supply chain data, helping you clearly understand your full value chain emissions and devise actionable reduction programs.
What international standards and frameworks are supported by ECO-OS?
ECO-OS supports alignment with major global ESG reporting frameworks, including CSRD, the GHG Protocol, California SB 253 and SB 261, the UN Global Compact, the UN SDGs, and other leading international standards.