Global Standard Glossary
There are 4 entries in this glossary.| Term | Definition |
|---|---|
| Wage Gap | The difference between average Living Wage and Average Wages Paid to |
| Waste Hierarchy | The Waste Hierarchy is the priority order of waste management options established in Article 4 of the EU Waste Framework Directive (Directive 2008/98/EC). It ranks waste prevention and management strategies from the most to the least environmentally preferred, with the aim of reducing overall environmental impact and promoting resource efficiency. |
| Wholly Owned Subsidiary | A subsidiary company is considered wholly owned when all of the common stock is owned by another company, the parent company. With a wholly owned subsidiary, the company's stock is not traded publicly. It remains an independent legal body, a corporation with its own organized framework and administration. Its day-to-day operations are likely directed entirely by the parent company, however. |
| Worker | Any individual engaged in work who is not a senior manager or owner. |