Glossary

Its official name is the Energy Efficiency Existing Ship Index. It is a regulation on Energy efficiency introduced by the International Maritime Organization (IMO) in 2023, targeting existing ships of 400 gross tons (GT) or more engaged in international navigation. It quantifies the Energy efficiency of each ship using a calculation method similar to the EEDI (Energy Efficiency Design Index) for new ships, and ships that exceed the standard value are required to take improvement measures such as renovations. It is an international technical regulation aimed at reducing greenhouse gas (GHG) emissions in the maritime sector.

The European Union (EU) has established a unified standard for classifying and defining environmentally sustainable economic activity. Taxonomy is an English term meaning "classification." It is a system that determines whether a company's economic activity are sustainable for the global environment and encourages green investments. It requires companies and investors to disclose the businesses and investment ratios that comply with the taxonomy, with the aim of making it easier to move toward green businesses. The EU Taxonomy, published in June 2020, defines an economic activity as environmentally sustainable if it meets all of the following four criteria:

① Substantial contribution to one or more of the six environmental objectives.

② There will be no significant harm to any of the six environmental objectives. (DNSH)

③ Comply with minimum safety measures (human rights, etc.).

④ Meet the professional selection criteria (minimum criteria ① and ② above).

<Six Environmental Objectives>

(1) Climate change mitigation

(2) Adaptation to climate change

(3) Sustainable use and protection of water and marine resources

(4) Transition to a circular economy

(5) Pollution prevention and control

(6) Protection and restoration of biodiversity and ecosystems

Its official name is the Electronic Reporting System for the Energy Conservation Act, Global Global Warming Countermeasure Act, and Fluorocarbons Act. It refers to a system that enables the Create and simultaneous submission of reports under the Energy Conservation Act, Global Warming Global Warming Countermeasure , and Fluorocarbons Act, as well as the integrated management of information related to greenhouse gas emissions. It began operation in May 2022.

It is based on the Greenhouse Gas emission amount Calculation, Reporting, and Disclosure System (SHK System) in accordance with the Act on Promotion of Global Warming Countermeasures (Global Warming Global Warming Countermeasure ), and use of EEGS makes it easy to calculate emission amount and Create and submit reports.

"European Sustainability Reporting Standards"

A standard for sustainability reporting in the EU. It was established within the framework of the Corporate Sustainability Reporting Directive (CSRD) and aims to enable companies to consistently report sustainability information. The ESRS consists of 12 standards that stipulate detailed disclosure items for companies in four major reporting areas: (1) cross-sectional disclosure items, (2) environment, (3) society, and (4) governance ((2)-(4) ESG).

The EU's greenhouse gas emission amount trading scheme, which began operation in January 2005, covers all EU member states as well as Norway, Iceland, and Liechtenstein. It employs a cap-and-trade system, allowing excess CO2 emissions allowances to be bought and sold on the market. It is a central element of the EU's climate change policy and an important initiative for reducing greenhouse gas emissions.

An emissions trading system designed to reduce greenhouse gas emissions, allowing for the monetary trading of CO2 emission amount. There are two types: the cap-and-trade system, in which businesses with large CO2 emissions must purchase surplus emissions allowances from businesses with small emission amount , and the baseline-and-credit system, in which credits are traded based on how much CO2 emission amount have been reduced from a Settings standard.

An international energy conservation system for office equipment and home appliances. It was agreed upon by the governments of the United States and Japan in 1995. The U.S. Environmental Protection Agency (EPA) Settings standards for product power consumption, and products that meet these standards are permitted to use the International Energy Star logo.