Glossary

C
CO2 (carbon dioxide) equivalent
Unit of measurement used to express the effect different greenhouse gases have on the climate compared with a carbon dioxide (CO2) baseline.
Compliance
Refers to the compliance with laws, commitments and company codes
D
Diversity
For Linde this term comprehends the diverse composition of its staff – men and women in all ages, with different nationalities, backgrounds, religions or philosophies of life.
G
Global Reporting Initiative (GRI)
International initiative bringing together numerous stakeholders. Founded in 1997 with the aim of generating recognised, comparable guidelines for corporate reporting on economic, social and environmental activities.
Greenhouse Gas Protocol
Globally recognised standard to quantify and manage greenhouse gas emissions. The Greenhouse Gas Protocol traces back to an initiative of the World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI).
W
Water stress areas
We used water risk categories issued by the World Business Council for Sustainable Development to assess the situation at Linde locations in water-scarce regions.
C
CLP
Regulation on Classification, Labelling and Packaging of Substances and Mixtures.
S
Steam reforming
A process for manufacturing synthesis gas – a mixture of carbon monoxide and hydrogen from carbon-containing feedstocks such as natural gas, benzene, methanol, biogas or biomass.
L
LNG
Liquefied natural gas (LNG) is regarded as a promising fuel for future energy needs because of its high energy density, constant heat rating and high purity.
P
Pension governance
Pension governance in The Linde Group comprises comprehensive guidelines regulating the treatment of pension obligations, including the monitoring of costs and risks.
D
Defined contribution plans
Pension plans under which the legal or constructive obligation of the enterprise or employer is limited to the amount it agrees to contribute to a separate entity, such as an insurance company. The level of benefits received by the employee is determined by the level of contributions paid by the enterprise (and if applicable also by the employee) to the separate entity, together with the investment returns arising from the contributions. The actuarial risk and the investment risk are borne by the employee.
Defined benefit plans
Pension plans under which an enterprise/employer defines an amount of pension benefit to be provided, as a function of one or more factors such as the age, length of service and salary of the employee. The actuarial risk and investment risk are borne by the employer.
B
Biogas
Biogas is generated when plant matter decays in biogas facilities. Its main components are methane and carbon dioxide. Methane – also the primary component of natural gas – is recovered to produce energy.
C
CEP
CEP is Europe’s largest proof-of-concept project demonstrating the viability of hydrogen for everyday mobility. It is a flagship project for road transport within the German National Innovation Programme for Hydrogen and Fuel Cell Technology (NIP). The German Ministry of Transport has been sponsoring CEP since 2008. The partnership brings technology, oil and energy companies together with car manufacturers and two public transport service providers. Linde is one of the founding members of CEP.
H
HSE
Abbreviation for Health, Safety and Environment
HyCO plants
Collective term for plants producing hydrogen, carbon monoxide and synthesis gas. These HyCO plants primarily comprise steam reformers, partial oxidation plants and methanol crackers.
I
International Standard for Assurance Engagements (ISAE) 3000
ISAE 3000 provides guidelines for audits, which contain non-financial data, for example for the audits of sustainability reports. The guidelines are published by the International Audit and Assurance Standards Board (IAASB).
K
Key performance indicators (KPI)
Business metrics that allow measurement and/or evaluation of progress and performance levels in relation to important targets or critical success factors within an organisation.
R
REACH
REACH stands for Registration, Evaluation and Authorisation of Chemicals, and is an EU directive to reform European chemicals legislation. It came into force on 1 June 2007. It stipulates that within the EU, the health and environmental impact of chemical substances must be tested and registered as of an annual production or import volume of one tonne.
S
SHEQ
Abbreviation for Safety, Health, Environment and Quality
U
UN Global Compact
The United Nations (UN) Global Compact is a global alliance of organisations and private businesses that aims to protect human rights, support compliance with labour standards, encourage environmental responsibility and combat corruption.
V
VOC (Volatile Organic Compounds)
Refers to a variety of organic compounds, many of which are used as solvents or thinners in paints and varnishes. They act as precursors of ground level ozone, also known as “summer smog”.
© The Linde Group 2012