Audit ESG Reports through Blockchain Technology in Business Enterprises

Authors

  • Evangelia Pappa Department of Marketing & Management, European University of Cyprus, Open University of Cyprus and Hellenic Open University, Greece.
  • Panagiotis Georgitseas Department of Public Administration, School of Economy and Public Administration, Panteion University of Social and Political Sciences, Greece.
  • George Tantis Department of Public Administration, School of Economy and Public Administration, Panteion University of Social and Political Sciences, Greece.
  • Panagiotis Kyriakogkonas Department of Accounting and Finance, School of Economics, University of Western Macedonia, Greece.

DOI:

https://doi.org/10.9734/bpi/bmerp/v5/2628

Keywords:

Business strategy, ESG standards, internal auditing, blockchain, regulatory framework

Abstract

Among the critical factors that affect the current financial and business environment are ESG (Environmental, Social, and Governance), auditing, and blockchain technology. Nowadays, ESG audit is a strong management tool for making sustainable investment decisions and promoting business activities while providing information about a company's long-term sustainability and compliance with ethical standards. On the other hand, blockchain technology is a cutting-edge technology that provides security transparency and decentralization. Based on a literature review, the purpose of this article is to explore these two concepts and how the use of blockchain technology could be used in ESG audit reports shaping and improving the concept of sustainable development in the future. The integration of blockchain technologies into ESG audits is essential for encountering the challenges with the current reporting methods.

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Published

2024-10-05

How to Cite

Evangelia Pappa, Panagiotis Georgitseas, George Tantis, & Panagiotis Kyriakogkonas. (2024). Audit ESG Reports through Blockchain Technology in Business Enterprises. Business, Management and Economics: Research Progress Vol. 5, 90–107. https://doi.org/10.9734/bpi/bmerp/v5/2628

Issue

Business, Management and Economics: Research Progress Vol. 5

Section

Chapters