APPENDIX 2

ESG-Related Acronyms

The ESG industry has produced a veritable alphabet-soup of acronyms to describe its various initiatives. It is no exaggeration to say that every week a new acronym is invented somewhere. The task for business people (and administrators) is to appreciate which are relatively important and which should feature clearly in their business planning.

Most acronyms provided below are mentioned in this book. They are in alphabetic order.

Acronym

Description

3PM

Third-party management

Sometimes called “third-party risk and relationship management.” 3PM is an acronym to depict the proactive management of all “third-party” relationships, up and down the value chain. Third parties are ones with which an organization ...

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