Glossary

Acute Risk Acute physical risks refer to those physical risks that are event-driven, including increased severity of extreme weather events, such as cyclones, hurricanes, floods and coastal storm surges. 
Agricultural Extension Agricultural extension is the application of scientific research and new knowledge to agricultural practices through farmer education. The field of 'extension' now encompasses a wide range of communication and learning activities organised for rural people by educators from different disciplines, including agriculture, agricultural marketing, health, and business studies.
BEx
Business Excellence (BEx) is the IPL Business System for continuous and focussed improvement. BEx is strongly aligned to IPL’s Corporate Values and has lean thinking at its core. Through BEx there is continuous review, measurement of business performance and improvement of the processes and systems that support sustainable practices
Chronic Risk Chronic physical risks refer to longer-term shifts in climate patterns such as permanent increases or decreases in average or seasonal rainfall at a particular region, sustained higher temperatures that may cause sea level rise or chronic heat waves, changes in seasonal periods of frost, etc. 
Climate The weather conditions prevailing in an area/region in general or over a long period. 
Climate Risk Index (CRI) The Global Climate Risk Index analyses to what extent countries have been affected by the impacts of weather-related loss events (storms, floods, heat waves etc.). It demonstrates that less developed countries are generally more affected than industrialised countries. Regarding future climate change, the Climate Risk Index may serve as a red flag for already existing vulnerability that may further increase in regions where extreme events will become more frequent or more severe due to climate change. While some vulnerable developing countries are frequently hit by extreme events, for others such disasters are a rare occurrence. 
Climate Change Scenario A scenario describes a path of development leading to a particular outcome. A climate change scenario describes a path of development leading to a set degree of rise in temperature above pre-industrial global average temperatures. Scenarios are not intended to represent a full description of the future, but rather to highlight the central elements of a possible future and to draw attention to the key factors that will drive future developments, or in the case of climate change scenarios, financially material climate-related risks and opportunities. Scenarios are hypothetical constructs; they are not forecasts or predictions, nor are they sensitivity analyses. 
CO2e
Carbon dioxide equivalent: The universal unit of measurement to indicate the global warming potential (GWP) of each of the six greenhouse gases, expressed in terms of the GWP of one unit of carbon dioxide. It is used to evaluate releasing (or avoiding releasing) different greenhouse gases against a common basis
 EIFR Environmental Incident Frequency Rate: number of incidents per 1,000,000 hours worked which:

· exceed licence conditions AND create a material or off-site environmental impact with a consequence of Category 3 and above;
· have resulted in a regulator (e.g. EPA) fine of any value; or
· are a community complaint that stops production.

Extensive agriculture Extensive agriculture (as opposed to intensive agriculture) is an agricultural production system that uses small inputs of labour, fertilisers, and capital, relative to the land area being farmed.
GRI
The Global Reporting Initiative (GRI) is a leading organization in the sustainability field. GRI promotes the use of sustainability reporting as a way for organisations to become more sustainable and contribute to sustainable development. GRI has pioneered and developed a comprehensive Sustainability Reporting Framework that is widely used around the world. To see the GRI indicators covered by our sustainability webpages and publications, click here
Group
The IPL group, collectively comprising IPL and its subsidiaries.
Integrated Business Planning Integrated Business Planning (IBP) is the business planning process that extends the principles of Sales and Operations Planning throughout the supply chain, product and customer portfolios, customer demand and strategic planning, to deliver one seamless management process. Integrated Business Planning is industry's best practice model.
Materiality
In the context of the GRI Reporting Framework, ‘material’ topics for a reporting organization are  those topics that have a direct or indirect impact on an organisation’s ability to create, preserve or erode economic, environmental and social value for itself, its stakeholders and society at large
Near miss
An unplanned event that did not result in injury, illness, or damage – but had the potential to do so. The aim of the investigation of each ‘near miss’ event is to identify and mitigate root causes, providing a focus of improvement
NOx
NOx is a generic term for the mono-nitrogen oxides NO and NO2 (nitric oxide and nitrogen dioxide)
N2O
Nitrous oxide (an oxide of nitrogen), listed as one of six greenhouse gases covered by the Kyoto Protocol and the Greenhouse Gas Protocol
Paris Agreement A global climate agreement that was reached under the United Nations Framework Convention on Climate Change (UNFCCC) at the 21st Conference of the Parties (COP21) in Paris (30 November to 12 December 2015) to limit average global temperature rise this century well below 2 degrees Celsius above pre-industrial levels and to pursue efforts to limit the temperature increase even further to 1.5 degrees Celsius. The Paris Agreement sets in place a durable and dynamic framework for all countries to take climate action from 2020, building on existing international efforts in the period up to 2020.
Physical Risk Physical risks resulting from climate change can be event driven (acute) or longer-term shifts (chronic) in climate patterns. Physical risks may have financial implications for organisations, such as direct damage to assets and indirect impacts from supply chain disruption. Organisations’ financial performance may also be affected by changes in water availability, sourcing, and quality; food security; extreme temperature changes impacting organizations’ premises, operations, supply chain, transport needs, and employee safety. 
Plant
The equipment used to manufacture a specific product e.g. ammonia. There may be several plants on a single IPL site
Prill
Small aggregates of solid ammonium nitrate formed by allowing drops of liquid AN to congeal or freeze in mid-air after being dripped from the top of a tall prilling tower
Sales and Operations Planning Sales and operations planning (S&OP) is an integrated business management process through which the executive/leadership team continually achieves focus, alignment and synchronisation among all functions of the organisation. 
Scope 1
emissions
Direct GHG emissions occur from sources that are owned or controlled by the Group, for example, emissions from combustion in owned or controlled boilers, furnaces, vehicles etc., emissions from chemical production in owned or controlled process equipment
Scope 2
emissions
Scope 2 emissions are GHG emissions which arise from the generation of purchased electricity emissions consumed by the Group. Purchased electricity is defined as electricity that is purchased or otherwise brought into the organisational boundary of the Group. Scope 2 emissions physically occur at the facility where this electricity is generated
Scope 3
emissions
Scope 3 is a GHG emissions reporting category that allows for the treatment of all indirect  emissions emissions (other than Scope 1 and 2 emissions). Scope 3 emissions are a consequence of the activities of the Group, but occur from sources not owned or controlled by the Group. IPL does not currently collect data on Scope 3 emissions
Significant Environmental Incident Incidents rated by the IPL Risk Matrix as Category 5 or 6. A category 5 incident is ‘a major event or repeat non-compliance with regulatory, licence or permit conditions leading to prosecution or restriction of operations’ and a Category 6 incident is one which results in ‘permanent or long-term impacts to water, land, biodiversity, air or ecosystems and requires significant remediation, rectification or investment in mitigation’. 
Site
A single geographic location where IPL operations take place
Supply Chain
Our supply chain is a sub-set of our value chain, referring to the companies who supply the inputs to our operations, such as raw materials for manufacturing, service providers and providers of other inputs such as electricity and water
Transition Risk Transitioning to a lower-carbon economy may entail extensive policy, legal, technology, and market changes to address mitigation and adaptation requirements related to climate change. Depending on the nature, speed, and focus of these changes, transition risks may pose varying levels of financial and reputational risk to organisations. 
TCFD The Financial Stability Board Task Force on Climate-related Financial Disclosures (TCFD) is a market-driven initiative, set up to develop a set of recommendations for voluntary and consistent climate-related financial risk disclosures in mainstream filings Task Force on Climate-related Financial Disclosures.
TRIFR
Total Recordable Injury Frequency Rate: the number of recordable injuries per 200,000 hours worked; includes contractors unless otherwise indicated
Value Chain
Our value chain includes our suppliers (and potentially their suppliers), our operations, our distribution channels, and our customers, who are the end users of our products. Our supply chain (described above) is a subset of this