IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v16y2024i24p10872-d1541810.html
   My bibliography  Save this article

Blockchain-Driven Carbon Accountability in Supply Chains

Author

Listed:
  • 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)

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.

Suggested Citation

  • Eid M Alotaibi & Ashraf Khallaf & Abed Al-Nasser Abdallah & Taisier Zoubi & Awwad Alnesafi, 2024. "Blockchain-Driven Carbon Accountability in Supply Chains," Sustainability, MDPI, vol. 16(24), pages 1-30, December.
    • Handle: RePEc:gam:jsusta:v:16:y:2024:i:24:p:10872-:d:1541810
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/16/24/10872/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/16/24/10872/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. An Duong Thi Binh & Mohammadreza Akbari & Huong Le Thi Cam & Lam Nguyen Canh & Huy Truong Quang, 2024. "Forging Pathways to Circular Economy Excellence: Integrating Industry 4.0 with Quality Management," Sustainability, MDPI, vol. 16(7), pages 1-26, April.
    2. Lavender Yang & Nicholas Z. Muller & Pierre Jinghong Liang, 2021. "The Real Effects of Mandatory CSR Disclosure on Emissions: Evidence from the Greenhouse Gas Reporting Program," NBER Working Papers 28984, National Bureau of Economic Research, Inc.
    3. Bjorg Jonsdottir & Throstur Olaf Sigurjonsson & Lara Johannsdottir & Stefan Wendt, 2022. "Barriers to Using ESG Data for Investment Decisions," Sustainability, MDPI, vol. 14(9), pages 1-14, April.
    4. Dražen Marić & Goran Vukmirović & Radenko Marić & Daniela Nuševa & Ksenija Leković & Sonja Vučenović, 2023. "Analysis of Food Supply Chain Digitalization Opportunities in the Function of Sustainability of Food Placement in the Western Balkans Region," Sustainability, MDPI, vol. 16(1), pages 1-17, December.
    5. Rachel Shin & Cory Searcy, 2018. "Evaluating the Greenhouse Gas Emissions in the Craft Beer Industry: An Assessment of Challenges and Benefits of Greenhouse Gas Accounting," Sustainability, MDPI, vol. 10(11), pages 1-30, November.
    6. Ye Zhen & Wen Qiao & Ruyuan Wang & Wenli Wang, 2023. "Blockchain Technology, Enterprise Risk and Enterprise Performance," Sustainability, MDPI, vol. 16(1), pages 1-17, December.
    7. Christian Nielsen, 2023. "ESG Reporting and Metrics: From Double Materiality to Key Performance Indicators," Sustainability, MDPI, vol. 15(24), pages 1-15, December.
    8. Ahmed Saber Moussa & Mahmoud Elmarzouky, 2024. "Sustainability Reporting and Market Uncertainty: The Moderating Effect of Carbon Disclosure," Sustainability, MDPI, vol. 16(13), pages 1-18, June.
    9. Amir Amel-Zadeh & George Serafeim, 2018. "Why and How Investors Use ESG Information: Evidence from a Global Survey," Financial Analysts Journal, Taylor & Francis Journals, vol. 74(3), pages 87-103, July.
    10. Chitra Sriyani De Silva Lokuwaduge & Kumudini Heenetigala, 2017. "Integrating Environmental, Social and Governance (ESG) Disclosure for a Sustainable Development: An Australian Study," Business Strategy and the Environment, Wiley Blackwell, vol. 26(4), pages 438-450, May.
    11. Shauhrat S. Chopra & Sachini Supunsala Senadheera & Pavani Dulanja Dissanayake & Piumi Amasha Withana & Rajeev Chib & Jay Hyuk Rhee & Yong Sik Ok, 2024. "Navigating the Challenges of Environmental, Social, and Governance (ESG) Reporting: The Path to Broader Sustainable Development," Sustainability, MDPI, vol. 16(2), pages 1-14, January.
    12. Gabriella D’Amore & Maria Testa & Luigi Lepore, 2023. "How Is the Utilities Sector Contributing to Building a Sustainable Future? A Systematic Literature Review of Sustainability Practices," Sustainability, MDPI, vol. 16(1), pages 1-19, December.
    13. Ahmed Saber Moussa & Mahmoud Elmarzouky, 2023. "Does Capital Expenditure Matter for ESG Disclosure? A UK Perspective," JRFM, MDPI, vol. 16(10), pages 1-19, September.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Pruthiranjan Dwibedi & Debasis Pahi & Antarjyami Sahu, 2024. "Mapping the landscape of environmental, social and governance research: A bibliometric analysis," Corporate Social Responsibility and Environmental Management, John Wiley & Sons, vol. 31(5), pages 3745-3767, September.
    2. Anrafel Souza Barbosa & Maria Cristina Basilio Crispim Silva & Luiz Bueno Silva & Sandra Naomi Morioka & Vinícius Fernandes Souza, 2023. "Integration of Environmental, Social, and Governance (ESG) criteria: their impacts on corporate sustainability performance," Palgrave Communications, Palgrave Macmillan, vol. 10(1), pages 1-18, December.
    3. Ahmed Saber Moussa & Mahmoud Elmarzouky & Doaa Shohaieb, 2024. "Green Governance: How ESG Initiatives Drive Financial Performance in UK Firms?," Sustainability, MDPI, vol. 16(24), pages 1-25, December.
    4. Migliavacca, Alessandro, 2024. "Value relevance of accounting numbers and sustainability information in Europe: Empirical evidence from nonfinancial companies," Journal of International Accounting, Auditing and Taxation, Elsevier, vol. 55(C).
    5. Maha Abu Hussain & Maha Faisal Alsayegh & Helmi A. Boshnak, 2024. "The Impact of Environmental, Social, and Governance Disclosure on the Performance of Saudi Arabian Companies: Evidence from the Top 100 Non-Financial Companies Listed on Tadawul," Sustainability, MDPI, vol. 16(17), pages 1-26, September.
    6. Preeti Sharma & Priyanka Panday & R. C. Dangwal, 2020. "Determinants of environmental, social and corporate governance (ESG) disclosure: a study of Indian companies," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 17(4), pages 208-217, December.
    7. Elisa Bocchialini & Demetrio Miloslavo Bova & Ilaria Colivicchi & Federica Ielasi, 2024. "Environmental-, Social-, and Governance-Oriented Pension Funds for Young Contributors: A Win–Win Option," Sustainability, MDPI, vol. 16(24), pages 1-19, December.
    8. Jiang, Yihuo & Ni, Hongliang & Ni, Yihan & Guo, Xiaomei, 2023. "Assessing environmental, social, and governance performance and natural resource management policies in China's dual carbon era for a green economy," Resources Policy, Elsevier, vol. 85(PB).
    9. Ballester, Laura & González-Urteaga, Ana & Shen, Long, 2024. "Green bond issuance and credit risk: International evidence," Journal of International Financial Markets, Institutions and Money, Elsevier, vol. 94(C).
    10. Ramona Zharfpeykan, 2021. "Representative account or greenwashing? Voluntary sustainability reports in Australia's mining/metals and financial services industries," Business Strategy and the Environment, Wiley Blackwell, vol. 30(4), pages 2209-2223, May.
    11. Bingler, Julia Anna & Kraus, Mathias & Leippold, Markus & Webersinke, Nicolas, 2024. "How cheap talk in climate disclosures relates to climate initiatives, corporate emissions, and reputation risk," Journal of Banking & Finance, Elsevier, vol. 164(C).
    12. Liu, Xiangqiang & Yang, Qingqing & Wei, Kai & Dai, Peng-Fei, 2024. "ESG rating disagreement and idiosyncratic return volatility: Evidence from China," Research in International Business and Finance, Elsevier, vol. 70(PB).
    13. Dara G. Schniederjans & Mehrnaz Khalajhedayati, 2021. "Competitive sustainability and stakeholder engagement: Exploring awareness, motivation, and capability," Business Strategy and the Environment, Wiley Blackwell, vol. 30(2), pages 808-824, February.
    14. Nathalie de Marcellis-Warin & François Vaillancourt & Ingrid Peignier & Molivann Panot & Thomas Gleize & Simon Losier, 2024. "Obstacles et incitatifs à l’adoption des technologies innovantes dans le secteur minier québécois," CIRANO Project Reports 2024rp-01, CIRANO.
    15. Caterina De Lucia & Pasquale Pazienza & Mark Bartlett, 2020. "Does Good ESG Lead to Better Financial Performances by Firms? Machine Learning and Logistic Regression Models of Public Enterprises in Europe," Sustainability, MDPI, vol. 12(13), pages 1-29, July.
    16. Farjana Nur Saima & Ratan Ghosh, 2024. "Is the capital market of Bangladesh ready to reap the benefits of voluntary integrated reporting disclosures? Insights from the equity investment experts," International Journal of Disclosure and Governance, Palgrave Macmillan, vol. 21(4), pages 589-611, December.
    17. Defang Ma & Liangwei Li & Yuxi Song & Mengkai Wang & Qiaowen Han, 2023. "Corporate Sustainability: The Impact of Environmental, Social, and Governance Performance on Corporate Development and Innovation," Sustainability, MDPI, vol. 15(19), pages 1-16, September.
    18. Andrea Cardoni & Evgeniia Kiseleva & Simone Terzani, 2019. "Evaluating the Intra-Industry Comparability of Sustainability Reports: The Case of the Oil and Gas Industry," Sustainability, MDPI, vol. 11(4), pages 1-23, February.
    19. Petridis, Konstantinos & Tampakoudis, Ioannis & Drogalas, George & Kiosses, Nikolaos, 2022. "A Support Vector Machine model for classification of efficiency: An application to M&A," Research in International Business and Finance, Elsevier, vol. 61(C).
    20. Sisi Que & Yu Huang & Kwame Awuah-Offei & Liang Wang & Songlin Liu, 2023. "Discrete Choice Experiment Consideration: A Framework for Mining Community Consultation with Case Studies," Sustainability, MDPI, vol. 15(17), pages 1-17, August.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:16:y:2024:i:24:p:10872-:d:1541810. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.