Glossar

Environmentally friendly buildings are sustainable constructions that minimize environmental impact and promote user health.

An Environmental Product Declaration (EPD) is a standardized environmental product declaration that provides quantified and verified information on a product’s environmental impact throughout its entire lifecycle. It enables the comparison of products with the same function in terms of their ecological performance.

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The European Green Deal is a set of policy initiatives proposed by the European Commission in 2019. It supports the EU's transformation towards a green, fair and prosperous economy in a modern and competitive society. The overall goal of the European Green Deal is to achieve the EU's climate neutrality by 2050.

The European Sustainability Reporting Standards (ESRS) provide a standardized framework for companies to disclose environmental, social and governance (ESG) aspects. Developed by the European Financial Reporting Advisory Group (EFRAG), these 12 standards are mandatory for companies subject to the Corporate Sustainability Reporting Directive (CSRD). They define the core information to be published about the sustainability-related effects, risks and opportunities of a company.

Effects from risks and opportunities that affect the undertaking’s financial position, financial performance and cash flows over the short, medium or long term.

A sustainability matter is material from a financial perspective if it generates risks or opportunities that affect (or could reasonably be expected to affect) the undertaking’s financial position, financial performance, cash flows, access to finance or cost of capital over the short, medium or long term.

Fit for 55 is a EU legislative package aimed at reducing greenhouse gas emissions by 55% by 2030.

Fossil fuels are energy carriers derived from dead organic matter that has been transmuted over millions of years.