Purpose: The purpose of this paper consists in the evaluation of blockchain’s enabling role for sustainability reporting. The study extends the scientific knowledge about the impacts related to the notarization of mandatory sustainability reports through a publicly available blockchain. Design/methodology/approach: Building on the Idea Journey Framework, the paper presents the case study of Banca Mediolanum in Italy, a first-mover who notarized its non-financial declaration on a public blockchain to mitigate the information asymmetries that negatively impact stakeholder engagement. Findings: The analysis reveals that the notarization of the non-financial reports through a publicly available blockchain can represent a tool useful to mitigate the asymmetric information between organizations and stakeholders. Originality: To the best of our knowledge, this is the first study about sustainability reporting practices and blockchain. This research contributes to the currently scarce discussion about the role of blockchain in non-financial reporting. In addition, we contribute to the scientific conversation about the need to rethink assurance in non-financial reporting practices. Practical implications: Although academics and practitioners have observed the benefits of its implementation, only a few companies have adopted blockchain systems to ensure their information's reliability. Our findings underline the opportunity for socially responsible organizations to signal their orientation toward sustainable development through the adoption of an innovative tool.

Embedding and managing blockchain in sustainability reporting: A practical framework / Pizzi, Simone; Caputo, Andrea; Venturelli, Andrea; Caputo, Fabio. - In: SUSTAINABILITY ACCOUNTING, MANAGEMENT AND POLICY JOURNAL. - ISSN 2040-8021. - 2022:(2022). [10.1108/SAMPJ-07-2021-0288]

Embedding and managing blockchain in sustainability reporting: A practical framework

Caputo, Andrea;
2022-01-01

Abstract

Purpose: The purpose of this paper consists in the evaluation of blockchain’s enabling role for sustainability reporting. The study extends the scientific knowledge about the impacts related to the notarization of mandatory sustainability reports through a publicly available blockchain. Design/methodology/approach: Building on the Idea Journey Framework, the paper presents the case study of Banca Mediolanum in Italy, a first-mover who notarized its non-financial declaration on a public blockchain to mitigate the information asymmetries that negatively impact stakeholder engagement. Findings: The analysis reveals that the notarization of the non-financial reports through a publicly available blockchain can represent a tool useful to mitigate the asymmetric information between organizations and stakeholders. Originality: To the best of our knowledge, this is the first study about sustainability reporting practices and blockchain. This research contributes to the currently scarce discussion about the role of blockchain in non-financial reporting. In addition, we contribute to the scientific conversation about the need to rethink assurance in non-financial reporting practices. Practical implications: Although academics and practitioners have observed the benefits of its implementation, only a few companies have adopted blockchain systems to ensure their information's reliability. Our findings underline the opportunity for socially responsible organizations to signal their orientation toward sustainable development through the adoption of an innovative tool.
2022
Pizzi, Simone; Caputo, Andrea; Venturelli, Andrea; Caputo, Fabio
Embedding and managing blockchain in sustainability reporting: A practical framework / Pizzi, Simone; Caputo, Andrea; Venturelli, Andrea; Caputo, Fabio. - In: SUSTAINABILITY ACCOUNTING, MANAGEMENT AND POLICY JOURNAL. - ISSN 2040-8021. - 2022:(2022). [10.1108/SAMPJ-07-2021-0288]
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/11572/329343
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