Facilitating Payments

A payment to a foreign official, political party or party official for “routine governmental action” such as processing papers, issuing permits and other actions of an official to expedite the performance of duties of non-discretionary nature.

Facility-Level Reporting

A general, high-level summary of a facility’s enforcement and compliance history.

Fair Labour Practices

Guidelines to protect workers against certain unfair pay practices or work regulations.

Fair Trade

A philosophy of trading that aims to decrease inequality in international trade by increasing transparency and respect between the trading parties and consumers.


Impartial and just treatment without favouritism or discrimination in which each person is considered of equal worth with equal opportunity.

Faith-based investing

Faith-based investments align with the principles of certain religious groups.

FAO International Code of Conduct on the Distribution and Use of Pesticides, Rome, 1985

Standard of conduct relating to the distribution and use of pesticides.

FAO International Undertaking on Plant Genetic Resources, Rome, 1983

A treaty that enables global access to plant genetic materials.


In a climate change context, the degree to which climate goals and response options are considered possible and/or desirable.

Feasible scenario commitment

The feasible scenario commitment is the level of climate change that corresponds to the lowest emission scenario judged to be viable.


See Climate feedback.

Feedback Loop

Factors which increase or amplify (positive feedback) or decrease (negative feedback) the rate of a process.

Fiduciary responsibility

The responsibility of a person or organisation that acts on behalf of another person or persons to put their clients’ interests ahead of their own, with a duty to preserve good faith and trust.

Financial Accounting Standards Board (FASB)

A non-profit organization that determines accounting standards in the United States.

Financial restatement

A financial restatement occurs when a material error in a company’s previously published financials is corrected and the financials are republished.

Financial risk

The degree to which a company relies on external financing (including capital markets and private lenders) to support its ongoing operations.

Financial Stability Board (FSB)

An international body that monitors and makes recommendations about the global financial system.

Financing round

Any time a company raises money in a structured manner, usually with a target number of shares at a desired price per share.

First Nation

In Canada, a term used to describe indigenous people from Canada who are not Inuit or Métis.

First-round financing

The first investment(s) made in a company by outside investors.

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