Glossary

A
Air separation plants
Air separation plants use Linde processes to produce oxygen, nitrogen and argon.
C
CDP (Carbon Disclosure Project)
CDP is a not-for-profit organisation providing a standardised framework for companies to report environmental information such as greenhouse gas emissions and water consumption. CDP represents several hundred institutional investors.
CLP
Regulation on Classification, Labelling and Packaging of Substances and Mixtures
CO2 equivalent (CO2e)
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 applicable laws, internal commitments and company codes
D
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 the investment risk are borne by the employer.
Diversity
For Linde, this term comprehends the diverse composition of its staff – for example 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 designed to manage and quantify greenhouse gas emissions. The Greenhouse Gas Protocol originated from an initiative from the World Business Council for Sustainable Development (WBCSD) and the World Resources Institute (WRI).
H
HSE
Abbreviation for Health, Safety and Environment
HyCO plants
A collective term for plants which produce hydrogen, carbon monoxide and synthesis gas. HyCO plants include in particular steam reformers, partial oxidation plants and methanol crackers.
I
International Standard on 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 (KPIs)
Indicators used to measure and track an organisation’s performance and progress towards achieving its goals or its critical success factors
L
LNG
Liquefied Natural Gas. LNG is regarded as a promising fuel of the future because of its high energy density, constant heat and high level of purity.
R
RBU
Linde’s Gases Division has three reportable segments – EMEA, Asia/Pacific and the Americas. These are divided into eight Regional Business Units (RBUs) – Africa & UK, Continental & Northern Europe, Eastern Europe & Middle East, Greater China, South & East Asia, South Pacific, North America, South America.
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.
ROCE
Return on capital employed (ROCE)
S
SHEQ
Abbreviation for Safety, Health, Environment and Quality
T
TÜV
A leading German testing, inspection and certification company
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”.