Many companies have commitments to reduce their ‘relative’ carbon emissions,
that is emissions per tonne of finished product. This means that as production
processes become more efficient their energy intensity is reduced and less
carbon is emitted. However under relative commitments, if the business grows the
total amount of carbon emitted may also grow. An ‘absolute’ cut commits a
business to reduce not only the emissions per tonne but also the overall
footprint despite of any growth. This makes absolute targets more difficult to
achieve, particularly for a sector such as manufacturing, as compared to retail
or service industries. Be treatwise: An industry initiative to remind people
that confections are treats and as such should be used wisely. The initiative
has been launched in many countries around the world and is getting people to
think about how they consume treats, and to understand more about healthy
lifestyles.
Corporate social responsibility (CSR):
BSR defines CSR as “achieving commercial success in ways that honour ethical
values and respect people, communities, and the natural environment”.
Daily Values:
Dietary reference value used in the US to help consumers use food label
information to plan a healthy overall diet.
Ethical Sourcing Standards:
Our international Human Rights and Ethical Trading (HRET) Policy underlines
the way we seek to do business. It covers: core labour rights and dignity at
work; health and safety in the workplace; fair remuneration; diversity and
respect for differences; and opportunity for development.
FTSE4Good:
The FTSE4Good Index Series has been designed to measure the performance of
companies that meet globally recognised corporate responsibility standards, and
to facilitate investment in those companies. Transparent management and criteria
alongside the FTSE brand make FTSE4Good the index of choice for the creation of
Responsible Investment products.
Global Nutrition Advisory Panel:
The Global Nutrition Advisory Panel is made up of external experts from
around the world who advise Cadbury on everything from strategy to labelling and
new ideas on nutrition.
Global Reporting Initiative (GRI):
The Global Reporting Initiative produces the world’s de facto standard in
sustainability reporting guidelines. Sustainability reporting is the action
where an organization publicly communicates their economic, environmental, and
social performance. The GRI’s mission is to make sustainability reporting by all
organizations as routine and comparable as financial reporting.
Guideline Daily Amounts:
Guideline Daily Amounts provide a guide to the amount of calories, fat,
saturates, salt and sugar that make up a healthy diet. The aim is to assist
adult men and women in making appropriate dietary choices.
Green Activists:
Passionate volunteers from Cadbury who develop programmes to raise awareness
of green issues, making sure they are embedded in general behaviour.
Lost Time Incident Frequency Rate (LTIFR):
The Lost Time Injury Frequency is the number of Lost Time Injuries per
million man-hours worked during the period
Materiality analysis:
Process taken for assessing issues that are more relevant to stakeholders,
thus allowing firm to define report content.
Offsetting:
To counter balance or compensate for emissions through funding reduction
projects by others. These typically may include investing in renewable
technologies to compensate for the greenhouse gases produced.
Recaldent:
Recaldent is a product that is claimed to strengthen teeth by increasing
remineralisation and protect against decay (dental caries).
Recommended Dietary Intakes:
In Australia Recommended Dietary Intakes (RDIs) are the levels of intake of
essential nutrients considered, in the judgement of the National Health and
Medical Research Council, on the basis of available scientific knowledge to be
adequate to meet the known nutritional needs of practically all healthy people.
Supplier Ethical Data Exchange (SEDEX):
A non-for-profit organisation that uses the latest technology to enable
companies to maintain and share data on labour practices in the supply chain.
Stakeholder:
Is a party who affects, or can be affected by, a company's actions (i.e.
consumers, suppliers, employees, shareholders, community, government, etc.)
Sustainability:
Procter and Gamble defines sustainability as “integrating economic progress,
social development, and environmental concerns with the objective of ensuring a
quality of life for future generations that is at least as good as today's.”