EER Glossary of Terms
|
Term |
Definition |
|---|---|
|
CDP |
Carbon Disclosure Project |
|
CDSB |
Climate Disclosures Standards Board |
|
corporate responsibility |
An entity's responsibility to those groups and individuals that it can affect or have an impact on, i.e. its stakeholders, and society at large. |
|
CRD |
Corporate Reporting Dialogue |
|
EER |
Extended External Reporting |
|
ESG |
Environmental, Social & Governance |
|
ESG reporting (environmental, social and governance) |
Refers to the three central factors in measuring the sustainability and ethical impact of an entity. These help determine future financial performance in terms of return and risk. |
|
FASB |
Financial Accounting Standards Board |
|
FMA |
Financial Markets Authority |
|
FMC reporting entity |
An entity required to report under the terms of the Financial Markets Conduct (FMC) Act 2013 |
|
FSB |
Financial Stability Board |
|
GAAP |
Generally-accepted Accounting Practice. XRB’s accounting standards based on GAAP offer uniformity in how companies report their financial performance. |
|
General Purpose Financial Reports |
A set of general-purpose financial statements including a balance sheet, income statement, statement of owner's equity/retained earnings, and statement of cash flows. |
|
GRI |
Global Reporting Initiative |
|
GRI Standards |
The first global standards for sustainability reporting. They feature a modular, interrelated structure, and represent the global best practice for reporting on a range of economic, environmental and social impacts. |
|
IASB |
International Accounting Standards Board |
|
IFAC |
International Federation of Accountants |
|
IFRS |
International Financial Reporting Standard |
|
IFRS Standards |
International Financial Reporting Standards—usually called IFRS—are standards issued by the IFRS Foundation and the International Accounting Standards Board (IASB) to provide a common global language for business affairs so that company accounts are understandable and comparable across international boundaries. |
|
<IR> |
Integrated Reporting |
|
IIRC |
International Integrated Reporting Council |
|
integrated reporting |
The integrated representation of an entity's performance in terms of both financial and other value-relevant information. |
|
ISO |
International Standards Organisation |
|
management commentary |
A narrative report from management that relates to financial statements prepared in accordance with XRB accounting standards. |
|
management discussion and analysis |
A section within an entity’s report where executives analyse the company's performance, including a discussion of compliance, risks, and future plans, such as goals and new projects. |
|
materiality |
A concept or convention within auditing and accounting relating to the importance or significance of an amount, transaction, or discrepancy. |
|
non-financial information |
A process of gathering and disclosing data on non-financial aspects of an entity’s performance— including environmental, social, employee and ethical matters, and defining measurements, indicators and sustainability goals based on the company's strategy. |
|
non-financial reporting |
The disclosure of an entity’s social, environmental and human rights information. |
|
non-GAAP financial information |
Alternative indicators of net worth where an entity's earnings are adjusted to exclude certain items, e.g. earnings before interest and taxes (EBIT); earnings before interest, taxes, depreciation, and amortisation (EBITDA). |
|
NZX |
New Zealand Stock Exchange |
|
SASB |
Sustainability Accounting Standards Board |
|
SDGs |
The United Nation's 17 Sustainable Development Goals |
|
sustainability reporting |
A report that gives information about and entity’s economic, environmental, social and governance performance. |
|
TCFD |
Taskforce on Climate-related Financial Disclosures |
|
UNGC |
United Nations Global Compact |
|
WBCSD |
World Business Council for Sustainable Development |