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Appendix 2 Glossary of terms used

Abbreviation Meaning

Cert Certificate COBIT Control Objectives for Information Technology CoCo Criteria of Control COO Chief Operating Officer CRO Chief Risk Officer CSR Corporate Social Responsibility ERM Enterprise Risk Management ESG Environmental, Social and Governance FRC Financial Reporting Council HILP High Impact – Low Probability HM Her Majesty’s ICAAP Internal Capital Adequacy Assessment Process IOSH Institute of Occupational Safety and Health IRM Institute of Risk Management IRMCert Institute of Risk Management Certificate ISO International Standards Organisation KCI’s Key Control Indicators KPI’s Key Performance Indicators KRI’s Key Risk Indicators LILAC Leadership, Involvement, communication, Accountability and Learning NEBOSH National Examination Board in Occupational Safety and Health ORSA Own Risk and Solvency Assessment PESTLE Political, Economic, Social, Technology, Legal, Environment RASP Risk Architecture, Strategy and Protocols RIDDOR Reporting of Injuries, Diseases and Dangerous Occurrences Regulations RMIS Risk Management Information Systems SMART Specific, Measurable, Achievable, Realistic, Timebound SOX Sarbanes-Oxley TARP Triggered Response Plan TCFC Task Force on Climate-related Financial Disclosures UK United Kingdom VLE Virtual Learning Environment VMOST Vision, mission, objectives, strategy, and tactics

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