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GLOSSARY
Barrel: Measure of volume equivalent to 159 litres.
Basel Convention: multi-lateral en- vironmental treaty on the control of transboundary movements of hazardous wastes and their disposal.
Biofuel: Fuel from vegetable oil.
CDP: Carbon Disclosure Project. A non- profit organisation which manages global disclosure for investors, companies, cit- ies, states and regions in order to manage their impact on the environment.
CEO: Cepsa Energy Outlook.
CH4: Methane.
CO2 equivalent: Equivalence of the glob- al warming potential of carbon dioxide (CO2) with other greenhouse gases.
CO2: Carbon dioxide.
COSO 2013: Framework for implemen- tation, management and control of a suit- able Internal Control System.
Cracking: This involves breaking up or splitting high molecular weight hydrocar- bons (fuels such as diesel oil and fuel oil) into lower molecular weight components (naphtha).
CROP (Continuous Refining Optimiza- tion Program): continuous refining opti- misation programme.
Direct greenhouse gas emissions (Scope 1): Emissions that take place at centres owned by the organisation or those under its control.
ECA (Emission Control Area): maritime areas in which strict controls have been established to reduce atmospheric emis- sions from tankers.
Emission allowances: Permits or cred- its given to organisations that enable them to fulfil the objectives of the Kyoto Protocol, and which can subsequently be sold on a regulated market.
EPD: Environmental Product Declara- tion. Certified environmental declara- tion of environmental information for products and services based on the analysis of lifecycle and other relevant information.
FAME: fatty acids methyl esters; a bio- fuel obtained from vegetable oils.
FRC: Family Responsible Company.
GHG Protocol: Standardised global framework for the measurement and management of greenhouse gas emis- sions.
GHG: Greenhouse Gases.
GHS (Global Harmonised System of Classification and Labelling of Chemi- cals): The Globally Harmonized System of Classification and Labelling of Chemi- cals defines and classifies the hazards of chemical products.
GJ: Gigajoule (1 billion joules). The joule is the International System of Units (SI) unit of work or energy, which is equiva- lent to the work done on an object when a force of one newton acts on that object in the direction of its motion through a dis- tance of one metre.
GRI: An independent institution that de- veloped the first global standard for the preparation of sustainability reports for those companies that wish to evaluate their financial, environmental and social performance. It is an official centre col- laborating with the United Nations Envi- ronment Programme (UNEP).
GW: Gigawatt (1 billion watts). The watt is the unit of power in the International System of Units which is equivalent to the power produced by a potential differ- ence of 1 volt and an electric current of 1 ampere (1 volt-ampere).
GWh: Gigawatt/hour. Energy unit.
Henry Hub Spot: The daily spot price of natural gas at the main market of United States. Hydroskimming: A refinery with a con- figuration that only includes distillation, reforming and some hydro-treatment.
ILO (International Labour Organisa- tion): United Nations Organisation that advocates for internationally recognised social justice and human and labour rights.
Indirect greenhouse gas emissions due to consuming energy (Scope 2): Emissions occuring due to the purchase or acquisition of electricity, heating, cool- ing and steam consumed by the organi- sation.
ISCC: Certification system of compliance with sustainability legal requirements in the bioenergy markets.
ISO: International Organisation for Standardisation
ISO 14001: Certifiable environmental management standard.
ISO 14064: Standard that verifies re- ports on Greenhouse Gas Emissions.
ISO 19600: Certifiable compliance man- agement standard.
ISO 20000: IT Services management certification standard.
CHAPTER 6 Appendices
