Blockchain technology to boost corporate reputation in the context of environmental, social and governance standards

What is it about?

This study examines how blockchain technology can enhance corporate transparency, accountability, and sustainability reporting. In particular, it analyses the potential of blockchain to support organisational compliance with the European Corporate Sustainability Reporting Directive (CSRD), which requires companies to disclose their environmental, social, and governance (ESG) performance in a verifiable, consistent, and reliable manner. Drawing on a systematic review of 43 peer-reviewed academic articles, complemented by a qualitative meta-analysis, the research identifies how blockchain contributes to key dimensions of corporate sustainability. The findings reveal that blockchain can provide immutable and auditable records, automate verification processes through smart contracts, and support alignment with international sustainability and financial reporting standards. Collectively, these features can reduce fraud, improve risk management, and strengthen stakeholder trust. The study also acknowledges several challenges, including high energy consumption in certain blockchain networks, regulatory fragmentation, and the need for appropriate organisational capabilities, training, and technological infrastructure. Despite these barriers, the evidence indicates that blockchain remains a promising enabler of transparent, efficient, and sustainable business practices, with applications across sectors such as finance, supply chains, energy, and corporate governance. This research offers actionable insights for companies, regulators, and policymakers seeking to improve ESG reporting systems. It outlines a practical roadmap for blockchain adoption and positions the technology as a valuable tool for supporting sustainable business transformation in the digital age.

Featured Image