Glossary

ADP – Advanced Delivery Platform

ARA – Amsterdam, Rotterdam, Antwerp

Blockchain – Blockchain or block chain is an evolving technology where information (in the form of documents, images or other formats) is linked using cryptography which makes the information strongly resistant to alteration. Effective use of this technology facilitates sharing of information which can be readily assessed as being accurately reflective of the original, without alteration or manipulation.

Capesize – Capesize ships are the largest dry cargo ships which are too large to transit the Suez or Panama Canals, and consequently most pass either the Cape of Good Hope or Cape Horn to traverse between oceans.

Cbm – Cubic Meters

CCGT – Combined-Cycle Gas Turbines

CDM – Carbon Disclosure Mechanism

CDP – Carbon Disclosure Project

CDSB – Climate Disclosure Standards Board

CEPSA – Compañía Española de Petróleos, S.A

CH4 – Methane

CNG – Compressed Natural Gas

CO2 – Carbon dioxide

CO2e – Carbon dioxide equivalent. As various gases have different global warming potentials, a base unit of equivalence to carbon dioxide is used to provide a common unit of measure

EFs – Emission Factors

EITI – Extractive Industries Transparency Initiative

EMEA – Europe, Middle-East, Africa

ERCOT – Electric Reliability Council of Texas

ESG – Environmental, Social and Governance

ETS – Emissions Trading Scheme.

EU – European Union

FCPA – United States Foreign Corrupt Practices Act

FinTech – Financial technology is the technology and innovation that aims to compete with traditional financial methods in the delivery of financial services. It is an emerging industry that uses technology to improve activities in finance.

GEO – Global Emissions Offset

GHG – Greenhouse Gases

GLEC – Global Logistics Emissions Council

GRI – Global Reporting Initiative

GS CDM – Gold Standard for the Clean
Development Mechanism

GS VCM – Gold Standard – Voluntary Carbon Market

GW / GWH – Giga-watt / Giga-watt Hour

Handymax – A naval architecture term for
larger bulk carriers consisting of the Supramax, Handymax and Handy size classifications.

HAPs – Hazardous Air Pollutants

HFCs – Hydrofluorocarbons

HFO – Heavy Fuel Oil

HR – Human Resources

HSE / HSSE – Health, Safety and Environment / Health, Safety, Security and Environment

IMO – International Maritime Organization

IoT – Internet of Things

IPP – Independent Power Providers

ISO – International Organization for
Standardization

IT – Information Technology

KPIs – Key Performance Indicators. Systems to objectively measure or score against targets, objectives or peers.

KYC – Know-Your-Counterparty

LNG – Liquified Natural Gas

LPG – Liquified Petroleum Gas

LTIR – Lost Time Injury Rate

MACN – Maritime Anti-Corruption Network

MGO – Marine Gas Oil

MMCF – Million Cubic Feet

MT – Metric tonne

MTOE – Metric Tons Oil Equivalent

MWH – Mega-watt Hour

N2O – Nitrous Oxide

NA / N/A – Not Available

NGL – Natural Gas Liquid

NGO – Non-Governmental Organization

NGVs – Natural Gas Vehicles (vehicles fueled by natural gas)

NOx – Nitrogen Oxides

O&G – Oil & Gas

PACI – Partnering Against Corruption Initiative

PFCs – Perfluorocarbons

PM – Particulate Matter

RECs – Renewable Energy Credits

RED – Renewable Energy Directive

RGGI – Regional Greenhouse Gas Initiative. RGGI is a cooperative market effort among the northeastern US states of Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Rhode Island, Vermont and Virginia.

SASB – Sustainability Accounting Standards Board

SBTi – Science Based Targets Initiative from World Resources Institute

SDGs – Sustainable Development Goals

SDS – Safety Data Sheet

SF6 – Sulfur Hexafluoride

SO2 – Sulfur Dioxide

SOE – State Owned Enterprise

TCFD – Taskforce on Climate-Related Financial Disclosures

TCO2E/tCO2e – Tonnes of CO2 equivalent

TTW – Tank-To-Wheel

UKBA – United Kingdom Bribery Act

UKCS – United Kingdom Continental Shelf

UNFCCC program – United Nations Framework Convention on Climate Change. An international environmental treaty addressing climate change
with 154 signatories dated from a June 1992 event known informally as the Rio de Janeiro “Earth Summit”.

UNGP – United Nations Guiding Principles

VOCs – Volatile Organic Compounds

WEFg – World Economic Forum

WTT – Well-To-Tank

WTW – Well-To-Wheel