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Social Responsibility    Glossary Q-U

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Last update on 13/09/2019 07:32:53






Glossary Q-U



Renewable energy
Energy generated from natural resources such as sunlight, wind, tides and geothermal heat, which are renewable (naturally replenished)



An international certification standard on the enforcement of human rights and workers’ rights, the protection against the exploitation of minors and the guarantees of safe and healthy conditions in the workplace. These regulations were developed by CEPAA (Council of Economical Priorities Accreditation Agency)

Social banking
basic banking services for customer segments characterized by income, economic culture and other conditions that qualify them as marginal, at risk of exclusion from the banking and financial system

Social responsibility  

For a company this is the voluntary inclusion of social and ecological concerns in its commercial operations and in its relations with stakeholders (see the relative entry)

Socially Responsible Investment (SRI)

Indicates the selection and management of stock and bond investments in companies, usually listed, on the basis of ethical criteria, commonly referred to as negative criteria (or exclusion) and positive criteria (or inclusion), in addition to traditional  economic and financial parameters.
Negative criteria exclude stock and bond issued by such entities that operate in controversial economic sectors (eg arms, tobacco, pesticides, furs, etc.) or in countries where human rights are not respected.
Positive criteria is used to select stock and bond of companies that demonstrate the adoption of best practices of social responsibility.
The ethical funds are the most common form of socially responsible investment

Individuals or groups who have specific interests in an enterprise either because they depend upon it to achieve their goals or because they are considerably effected by the positive or negative effects of its activities

Sustainable development

Process aimed to achieve objectives for environmental improvement, economic and social locally and globally, meeting the needs of the present without compromising the ability of future generations to meet their needs. Companies can contribute to sustainable development by adopting a strategy of carefully managing of the impact of its activities, both in the short and medium-long term, under the three economic, social and environmental profiles



Third sector

That set of institutions within the economy that is situated between the state and the market, but which belongs to neither one nor the other. They are nonprofit private sector organisations which produce goods and services destined to public or collective use (social co-operatives, welfare associations, voluntary associations, NGOs, social enterprises, etc.)

Ton Oil Equivalent (TOE)

International unit of measurement that is used when dealing with large quantities of energy. One TOE is equivalent to the quantity of energy obtained by burning 1,000 Kg of oil (41.8 GJ or 11.6 MWh)