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Glossary

Circular economy
The circular economy is an economic system that seeks to design out waste through continual use of resources. To do this, circular systems involve reuse, repair, refurbishment and recycling, minimizing resource use and reducing waste, pollution and carbon emissions.

CO₂e
CO₂e stands for carbon dioxide equivalent and is a term to describe different greenhouse gases in a common unit. CO₂e signifies the amount of CO₂ that would have the equivalent global warming impact for any type of greenhouse gas.

Code of Conduct
A Code of Conduct is a set of principles, values, standards or rules of behavior that guide the decisions, procedures and systems of an organization in order to -respect human rights and environmental standards.

CSR
Corporate Social Responsibility (CSR) is a business approach that contributes to sustainable development by delivering economic, social and environmental benefits for all stakeholders. The purpose of CSR is to drive change towards sustainability.

EcoVadis
EcoVadis is an independent ratings platform used by organizations of all shapes and sizes to assess CSR and sustainable procurement practices.

EKPI
EKPI stands for Environmental Key Performance Indicator and describes indicators that measure important environmental objectives, such as energy use, waste generation and VOC emissions.

Emission calculation approach
A location-based method reflects the average emissions intensity of grids on which energy consumption occurs, whereas a market-based method reflects emissions from electricity that companies have purposefully chosen.

Functional Sustainability
Functional sustainability is what the coating system does for the overall sustainability of the object it coats. A functionally sustainable coating system helps with challenges in our society, such as pollution or energy generation. It adds to the product lifetime and/or its energy efficiency; it reduces material use or improves the well-being of people coming in contact with it.

GHG
GHG stands for greenhouse gas and describes a gas that absorbs and emits radiant energy. Greenhouse gases cause the greenhouse effect and are therefore responsible for climate change.

GHG Protocol
The Greenhouse Gas (GHG) Protocol provides standards for accounting and reporting, sector guidance, tools and training. It represents a global framework for measuring and managing emissions.

GRI
The Global Reporting Initiative (GRI) is a global, network-based non-profit organization that publishes the world’s most commonly-used guidelines on sustainability reporting.

LCA
A life-cycle assessment or analysis calculates the environmental impact of a product or service at every stage of its manufacture, use and disposal.

Material Sustainability
Material sustainability indicates how sustainably a coating system is made – from its component raw materials, to its processing and manufacture. Coatings are considered materially sustainable when they are derived from sustainably mined minerals that are not scarce in nature. They must be free from persistent and/or toxic substances and based on renewable or recycled organic raw materials. They are manufactured with minimal climate impact.

Scope 1, 2 and 3 emissions
Scope 1 emissions are direct emissions from owned or controlled sources. Scope 2 emissions are indirect emissions from the generation of purchased energy. Scope 3 emissions are all indirect emissions (not included in Scope 2) that occur in the value chain.

SDGs
In late 2015, the United Nations published 17 global Sustainable Development Goals, to be achieved by 2030. The SDGs are a call to action for all countries to promote prosperity while protecting the planet.

TRIR
TRIR is the Total Recordable Incident Rate and a key EHS metric. It is the total number of recordable incidents (TRI) per 100 full-time workers during a one-year period.

UN Global Compact
The Global Compact is an initiative of the United Nations and is based on ten principles for responsible action by companies.

VOC
Volatile organic compounds (VOC), are chemicals that have a high vapor pressure at room temperature. This high vapor pressure results from a low boiling point, which causes large numbers of molecules to evaporate into the surrounding air,
a trait known as volatility.

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