Blockchain-enabled esg reporting framework for sustainable supply chain

Xinlai Liu, Haoye Wu, Wei Wu, Yelin Fu, George Q. Huang

Research output: Chapter in book / Conference proceedingConference article published in proceeding or bookAcademic researchpeer-review

20 Citations (Scopus)

Abstract

Nowadays sustainability has received global attention in supply chain. To evaluate the sustainability level, environmental, social, and governance (ESG) reporting is widely adopted especially for the listed companies. However, due to the lack of data authentication, consistency, and transparency, the ESG-based sustainability evaluation is still inadequate. To address those challenges, this paper proposes a blockchain-based ESG reporting framework for facilitating the sustainability evaluation of listed company. Firstly, a fact-telling blockchain gateway is designed to facilitate the raw data authentication issues. It plays the role of light node to transfer the data of smart infrastructure/devices to the blockchain network, which satisfies both privacy and transparency. Secondly, a versioning smart contract mechanism is developed to verify the consistency between the raw data and the final ESG report. Thirdly, a token-based sustainability evaluation mechanism is used to evaluate the behaviors of listed company in the sustainable supply chain. The discussion analyzes the benefits and potential obstacles of utilizing the proposed framework in the ESG reporting preparation, generation, and publication. The results of this study contribute a reliable approach to facilitate the sustainability-level evaluation of listed company.

Original languageEnglish
Title of host publicationSustainable Design and Manufacturing 2020 - Proceedings of the 7th International Conference on Sustainable Design and Manufacturing, KES-SDM 2020
EditorsSteffen G. Scholz, Robert J. Howlett, Robert J. Howlett, Rossi Setchi
PublisherSpringer Science and Business Media Deutschland GmbH
Pages403-413
Number of pages11
ISBN (Electronic)9789811581311
ISBN (Print)9789811581304
DOIs
Publication statusPublished - Sept 2021
Externally publishedYes
Event7th KES International Conference on Sustainable Design and Manufacturing, KES-SDM 2020 - Split, Croatia
Duration: 9 Sept 202011 Sept 2020

Publication series

NameSmart Innovation, Systems and Technologies
Volume200
ISSN (Print)2190-3018
ISSN (Electronic)2190-3026

Conference

Conference7th KES International Conference on Sustainable Design and Manufacturing, KES-SDM 2020
Country/TerritoryCroatia
CitySplit
Period9/09/2011/09/20

Keywords

  • Blockchain
  • ESG reporting
  • Sustainable supply chain
  • Token-based evaluation mechanism
  • Versioning smart contract

ASJC Scopus subject areas

  • General Decision Sciences
  • General Computer Science

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