Glossary

Interest.

Inter-agency and Expert Group on SDG Indicators.

International Bank for Reconstruction and Development.

International Covenant on Civil and Political Rights.

International Convention on the Elimination of All Forms of Racial Discrimination.

International Covenant on Economic, Social and Cultural Rights.

International Convention on the Protection of the Rights of all Migrant Workers and Members of Their Families.

International Centre for Settlement of Investment Disputes.

International Development Association.

International Finance Corporation.

Insurance Industry Initiative.

International Law Commission.

International Labour Organization.

International Monetary Fund.

Impact in terms of enterprise sustainability is the positive or negative effect(s) enterprise activities, decisions or relationships have on the environment, people, human rights, society and the economy and/or on the business itself and its stakeholders.
Impact can be positive or negative, actual (i.e. issue / benefit) or potential (i.e. risk or opportunity), intended or unintended, direct or indirect, reversible or irreversible, short, medium or long term.

The importance or salience of a sustainability or ESG matter or topic based on the impact the enterprise has on the environment, people, human rights and the economy.

See Also: Impact Materiality, Financial Materiality, Double Materiality

Quote from IFRS Website:

"The intention is for the ISSB to deliver a comprehensive global baseline of sustainability-related disclosure standards that provide investors and other capital market participants with information about companies’ sustainability-related risks and opportunities to help them make informed decisions."

Source: IFRS

Institutions for Occupational Retirement Provision.

Intergovernmental Science-Policy Platform on Biodiversity and Ecosystem Services.

The Intergovernmental Panel on Climate Change was established in 1988 by the World Meteorological Organization and the United Nations Environment Programme (UNEP) to provide scientific information in relation to climate change and its potential environmental and socio-economic impacts.The IPCC produces scientific, peer-reviewed reports related to climate change and its effects at regular interviews.

Source: IPCC Website; IPCC Reports;

Impact, Risk and Opportunity.

See also: Due Diligence.

The difficulty associated with counteracting harm or adverse impact.

International Sustainability Standards Board. Created by the IFRS Foundation as a new standard-setting board, tasked with creating sustainability-related disclosure standards to inform investors and capital market participants of enterprise sustainability-related risks and opportunities.

Source: IFRS Foundation