Compliance Dictionary

CO2 neutrality means that a company has taken measures to capture or remove the same amount of CO2 from the atmosphere as the company produces.

CO2 is a type of carbon gas found in natural resources such as fossil fuels. All forms of energy production, such as central heating, electricity, water, which are based on fossil fuels, emit greenhouse gasses calculated as CO2e.

ESG is the substitute for Corporate Social Responsibility (CSR) and stands for the three central areas in which companies operate with sustainable, responsible business practices.

An emission factors is a tool to quantify the environmental impact of GHG emissions.

A systematic approach to reducing emissions within Real Estate

Greenwashing is the common term for false sustainability claims or marketing by a company.

The Paris Agreement dates back to the international summit in Paris in 2015, where it was agreed to reduce the temperature by 2 degrees.

Scope 1, 2 and 3 cover direct and indirect Greenhouse Gas (GHG) Emissions.

Sustainability is the way we ensure the longevity of our business, care for the earth, and respect human and labour rights.

The UN SDGs provide the international framework and ambitions for sustainable progress.

Energy Performance Certificates provide an overview of buildings’ energy efficiency.

The GreenHouse Gas Protocol (GHGP) is the most highly regarded standard for reporting CO2e emissions.

The Science Based Targets Initiative is an international, private sector-driven organization that encourages companies to commit to science-based targets to ensure a strong collaborative effort.

The TCFD sets international standards for implementing financial sustainability disclosure.

PCAF applies the principles of the GHG Protocol to, for example, the financial and commercial real estate sectors.

The Corporate Sustainability Reporting Directive expands the obligations and scope of sustainability reporting for EU companies.

The aim of this Directive is to promote sustainable and responsible corporate action and to anchor human rights and environmental aspects in the business activities and corporate governance of companies.

The EU taxonomy creates a common language and set of standards to define what is actually green and sustainable.

The Energy Efficiency Directive sets standards for energy use in buildings and thus secures digital data.

The Energy Performance of Buildings Directive sets minimum standards and harmonization of energy performance certificates in the EU.

The EU Green Deal is the medium- and long-term framework to first achieve a 55% CO2 reduction in 2030 and to become CO2 neutral in 2050.

The ESRS sets new standards for ESG reporting and works as an extension of the CSRD.

The Markets in Financial Instruments Directive II (MiFiD II) requires financial advisors to assess the investor's preferences and match them with the advisor's recommended investments.

The Sustainable Finance Action Plan is the key driver for the EU's transition to zero net CO2 emissions in 2050.

The Sustainable Financial Disclosure Regulation sets out sustainability reporting requirements for financial market participants in the EU.

The Danish Climate Act is Denmark's legal obligation to achieve a 70% reduction in CO2 by 2030.

The Consumer Ombudsman has written a Quick Guide to help companies navigate the world of green marketing.

Companies can receive penalties of up to €2 million or 4% of ARR under the Danish Marketing Act.

The Danish Annual Accounts Act § 99a is the Danish implementation of the EU requirements on sustainability reporting.