ESG Glossary
Definition
A temporary allowance that lets a company report less in its first years under a new reporting standard, while its data and processes catch up. Common reliefs include reporting only on climate at first, skipping comparative figures for the previous year, publishing the sustainability report after the financial statements, and leaving out Scope 3 emissions for a period. IFRS S1 and IFRS S2 include reliefs like these, and regulators that adopt the standards can extend them for local companies.
In Context
“We used the Scope 3 transition relief for our first two sustainability reports, which gave us time to collect real data from our top 40 suppliers.”
Related terms
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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.