Blockchain-Driven Carbon Accountability in Supply Chains

Eid M Alotaibi (), Ashraf Khallaf, Abed Al-Nasser Abdallah, Taisier Zoubi and Awwad Alnesafi
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Eid M Alotaibi: School of Business Administration, Accounting Department, Sharjah Campus, American University of Sharjah, Sharjah P.O. Box 26666, United Arab Emirates
Ashraf Khallaf: School of Business Administration, Accounting Department, Sharjah Campus, American University of Sharjah, Sharjah P.O. Box 26666, United Arab Emirates
Abed Al-Nasser Abdallah: School of Business Administration, Accounting Department, Sharjah Campus, American University of Sharjah, Sharjah P.O. Box 26666, United Arab Emirates
Taisier Zoubi: School of Business Administration, Accounting Department, Sharjah Campus, American University of Sharjah, Sharjah P.O. Box 26666, United Arab Emirates
Awwad Alnesafi: Department of Accounting, AlYamamah University, King Fahd Branch Rd, Al Qirawan, Riyadh 13541, Saudi Arabia

Sustainability, 2024, vol. 16, issue 24, 1-30

Abstract: This study examines the use of blockchain technology in ESG reporting, with a focus on carbon emissions accounting within supply chains. Using a design science methodology, it develops a blockchain-based framework that integrates automated data collection, verification, and analysis. The framework enables precise tracking of carbon emissions, enhances compliance with ESG standards, and resolves key issues like data reliability and standardization. Results show improved reporting accuracy through immutable data records and automated verification processes. This advancement allows organizations to optimize decision-making, reduce carbon footprints, and achieve sustainability goals. The study contributes theoretically by introducing an innovative blockchain-integrated ESG reporting model and practically by offering a validated framework for companies to streamline carbon accountability and improve ESG compliance.

Keywords: blockchain; smart contracts; carbon accounting; supply chain; ESG reporting (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2024
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