Glossary, S Pillar

Pillar S

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There are currently 6 Social Pillar terms in this directory beginning with the letter M.
Micro-credit
Refers to small loans from a microfinance institution granted to lower income entrepreneurs in developing and emerging market countries. These loans contribute to the development of local economies and therewith contribute to creating jobs and reduce poverty. [Source: Swiss Sustainable Finance]

Micro-enterprise
Microenterprises are those with ten or fewer workers. They are often unregistered businesses and run by financially impoverished people. Definition of microenterprises may differ across countries. [Source: First Affirmative Financial Network]

Micro-finance
A range of financial tools (loans, savings, money transfers, etc.) provided by microfinance institutions and designed for people who do not have access to the traditional banking system. Microfinance products are typically offered to companies and individuals in developing and emerging market countries. [Source: Swiss Sustainable Finance]

Micro-insurance
Microinsurance products are designed for individuals in developing and emerging market countries who do not have access to traditional insurance services. [Source: Swiss Sustainable Finance]

Minder Initiative
Swiss referendum launched by a politician named Minder with the aim to reduce wage levels at Swiss companies. The adoption of the 'Minder Initiative' in March 2013 resulted in an Implementing Ordinance (VegüV), temporarily defining the implementation of this new article of the Swiss Constitution. The main principles are: annual mandatory votes for pension funds on board remuneration of Swiss companies and transparent reporting on votes, no severance payments for governing officers, regulation in articles of association of credits and pensions payable to governing officers, and custodial sentence for persons violating these principles. [Source: Swiss Sustainable Finance]

Modern Slavery
Although no standard definition exists, modern slavery can broadly be thought of as the exploitation of people who are coerced into an activity by someone who “controls” them, often with violence. It can take many forms including forced or bonded labour, early or forced marriage or human and organ trafficking. [ Source: Allianz]

Sources:

  1. Allianz Global Investors, ESG Glossary, Retrieved: September 12,2020
  2. First Affirmative Financial Network, Glossary of Responsible Investing Terms, Retrieved: September 12,2020
  3. Global Affairs Associates, ESG Glossary, Retrieved: September 12,2020
  4. Invesco Ltd., Glossary: Understanding ESG jargon, Retrieved: September 12,2020
  5. Nuveen, LLC., Glossary: Responsible investing, Retrieved: September 12,2020
  6. Schroders Investment Management North America Inc., Understanding sustainable investment and ESG investment terms, Retrieved: September 12,2020
  7. Stanford Graduate School of Business, Corporate Governance Research Initiative, Retrieved: September 12,2020
  8. Swiss Sustainable Finance, Glossary, Retrieved: September 12,2020

Disclaimer: This glossary is NOT intended to be an authoritative reference document. All information in this glossary is for educational use only. This glossary has been compiled based on public domain information available on the websites of the mentioned sources. While due care has been taken in compiling this glossary, ESGSense does not assume any liability for any inaccuracy or factual error. Any term or definition mentioned here does NOT constitute financial or investment advice. ESGSense assumes no liability for any financial decisions and/or investments made on the basis of information gained from this glossary.