Glossary

RACI notation is used in project management to assign roles and responsibilities to individuals and groups for specific tasks. A RACI matrix is a simple visual guide to depict who does what. RACI stands for ‘Responsible’, ‘Accountable’, ‘Consulted’, ‘Informed’.

‘Accountable’ is the person who is accountable for the overall successful of delivery of an activity. Only one person should be accountable for an activity. This person is the decision maker and the buck stops with them.

‘Responsible’ is the person who actually performs the work associated with the activity. If the same person doing the work is also accountable overall they should be assigned ‘AR’, Accountable & Responsible. There can be more than one person responsible for an activity (i.e. multiple people can work on one activity) but only one person can be accountable for it.

‘Consulted’ is someone who is asked to input/consult/liaise on the activity but has no direct responsibility to perform work for the activity. Communication between ‘Responsible’ and ‘Consulted’ is two way communication.

‘Informed’ is someone who must be kept informed about the activity but who does not contribute to the activity. Communication between ‘Responsible’ and ‘Informed’ is one way communication flowing from ‘Responsible’ to ‘Informed’.

‘Responsible’, ‘Consulted’ and ‘Informed’ are mutually exclusive roles. if a person is ‘Responsible’ they shouldn’t be ‘Consulted’ or ‘Informed’. Similarly ‘Consulted’ shouldn’t be ‘Responsible’ or ‘ Informed’ and ‘Informed’ shouldn’t be ‘Consulted’ or ‘Responsible’.

The possible RACI assignments for an individual are as follows: A, R, AR, C, I

Where an enterprise consists of multiple entities (e.g. group companies / subsidiaries, associated / affiliated companies, joint ventures / partnerships, fixed asset investments, franchises, etc.) the reporting boundary indicates whether the enterprise is reporting on behalf of a single entity; entities within enterprise financial; entities within enterprise operational control or entities where equity share is held by the enterprise.

Location where carbon is stored or sequestered. Natural reservoirs include the atmosphere,
land (peatlands, forests, rocks, soil etc.), the ocean and fossils

Responsible Business Conduct (RBC) as defined by the OECD means that businesses:

“a) should make a positive contribution to economic, environmental and social progress with a view to achieving sustainable development and
b) should avoid and address adverse impacts through their own activities and prevent or mitigate adverse impacts directly linked to their operations, products or services by a business relationship. Risk-based due diligence is central to identifying, preventing and mitigating actual and potential adverse impacts, and thus is a key element of RBC. Enterprises must obey domestic law and respect human rights wherever they operate even when such laws of obligations are poorly enforced."

Sources: OECD Policy Framework for Investment p75; European Union.
See Also: OECD Guidelines for Multinational Enterprises.

As defined by the United Nations: “acts or behaviour of enterprises, which through an abuse
or acquisition and abuse of a dominant position of market power, limit access to markets
or otherwise unduly restrain competition, having or being likely to have adverse effects on
international trade, particularly that of developing countries, and on the economic development
of these countries, or which through formal, informal, written or unwritten agreements or
arrangements among enterprises, have the same impact”298