• General Partner (GP)

    • IN BUSINESS

      One of the co-owners of an unincorporated business (organized as a general partnership) who has control of the firm and, unlike limited or nominal partner, has unlimited personal liability for the firm’s debts. Actions taken by one general partner are binding upon the other general partners. Also called full partner.

    Practice & Source: (1) Business/CSR: BusinessDictionary.com
  • Global Impact Investing Network (GIIN)

    • IN FINANCE

      A nonprofit organization dedicated to increasing the scale and effectiveness of impact investing around the world.

    Practice & Source: (1) Finance/Impact investing: Global Impact Investing Network
  • Global Reporting Initiative (GRI)

    • IN BUSINESS

      A multi-stakeholder process and independent institution whose mission is to develop and disseminate globally applicable Sustainability Reporting Guidelines. The guidelines were developed so that companies, government agencies, and non-governmental organizations can report on the economic, environmental, and social dimensions of their activities, products and services. Started in 1997 by the Coalition for Environmentally Responsible Economies (CERES) and the United Nations Environment Program (UNEP), the GRI incorporates the active participation of representatives from business, accountancy, investment, environmental, human rights, research, and labor organizations from around the world.

    Practice & Source: (1) Business/CSR: The Dictionary of Sustainable Management
  • Goal(s)

    • IN GENERAL

      The object of a person’s (or group of people’s) ambition or effort; an aim or desired result.

    Practice & Source: (1) Generic: Oxford Living Dictionaries
  • Grant

    • IN PHILANTHROPY

      Bounty, contribution, gift, or subsidy (in cash or kind) bestowed by a government or other organization (called the grantor) for specified purposes to an eligible recipient (called the grantee). Grants are usually conditional upon certain qualifications as to the use, maintenance of specified standards, or a proportional contribution by the grantee or other grantor(s).

    Practice & Source: (1) Philanthropy: BusinessDictionary.com
    Commentary

    Grants differ from “recoverable grants” in that grantees are not required to pay the money back to the grantor.

  • Green tech

    • IN SUSTAINABLE DEVELOPMENT

      Alternatively referred to as environmental technology or cleantech, this term is used to describe a collection of modern technologies and approaches that maximize human, environmental, and economic benefits. Specifically, green tech utilizes advancements of modern environmental science, biotechnology and engineering to provide products and services in a way that least degrades natural resources, and in some cases, regenerates them. Common examples of green tech include: materials recycling; utilization of solar, wind and other renewable energy sources for power; biological water treatment and grey water recycling; biofuels; and energy-conserving electronics.

    Practice & Source: (1) Sustainable development: The Dictionary of Sustainable Management
    Commentary

    Short form for “green technology.”

  • Green technology

    • IN SUSTAINABLE DEVELOPMENTSee definition for “Green tech”

      See definition for “Green tech”.

    Commentary

    Long form for “green tech.”

  • Greenfield (Adjective)

    • IN GENERAL

      Denoting or relating to previously undeveloped sites for commercial development or use.

    • IN FINANCE

      A particular type of investment where an international company begins a new operation in a foreign company by constructing new operational facilities from the ground up. There are many different types of investments of which greenfield investments are only one small category. The new greenfield operation is often a subsidiary of the multinational corporation.

    Practice & Source: (1) Generic: Oxford Living Dictionaries (2) Finance / impact investing: Investopedia
    Commentary

    The term is used to refer to new development where none has been before. In some, but not all, cases, it means development in a new country for a given business.

  • Guarantee (Noun)

    • IN GENERAL

      a) A formal assurance (typically in writing) that certain conditions will be fulfilled, especially that a product will be repaired or replaced if not of a specified quality. b) An undertaking to answer for the payment or performance of another person’s debt or obligation in the event of a default by the person primarily responsible for it.

    • IN FINANCE

      a) A formal written promise to repair or replace a product if it has a fault within a specific period of time after you buy it. b) An agreement to be responsible for someone else’s promise, especially a promise to repay a loan if the original borrower defaults (fails to repay it or make interest payments on it). c) Money or assets held by an organization until someone has paid their debts, or debts that they might have in the future.

    Practice & Source: (1) Generic: Oxford Living Dictionaries (2) Finance / impact investing: Financial Times Lexicon
    Commentary

    Giving a guarantee means making a commitment. Different uses reflect different ways of making such a commitment, such as whether it is done orally or in writing and whether it has legal and / or financial backing.