Reporting; Architecture; Greenwashing; Green Information Systems; Blockchain
Abstract :
[en] In an effort to make companies adhere to green practices, they are increasingly required to publicly disclose environmental, social, and governance (ESG) key performance indicators (KPIs). Typically published within annual reports, the current format may not deliver all legally mandated information, and also does not attract investors who have become more focused on sustainable investing. Thus, various industries aim at improving their ESG KPIs reporting practices, including life insurance companies. Life insurance companies need to integrate ESG-focused strategies into their client interactions to obviate greenwashing allegations and appeal to their environmentally-friendly target group. This helps them remain competitive and build long-lasting institution-based trust. To help these companies address the complexities of ESG KPIs reporting, this study proposes the development of a reporting system architecture supported by Distributed Ledger Technology (DLT) for compliant, transparent, reliable, and standardized ESG reporting
Research center :
Interdisciplinary Centre for Security, Reliability and Trust (SnT) > FINATRAX - Digital Financial Services and Cross-organizational Digital Transformations
Disciplines :
Computer science
Author, co-author :
ERMOLAEV, Egor ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
TSELONI, Evgenia Yvonni ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
ROTH, Tamara ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust > FINATRAX > Team Gilbert FRIDGEN ; University of Arkansas > Walton College of Business > Assistant Professor
FRIDGEN, Gilbert ; University of Luxembourg > Interdisciplinary Centre for Security, Reliability and Trust (SNT) > FINATRAX
External co-authors :
yes
Language :
English
Title :
Designing a Reporting System for Trust in Environmental Social Governance
Publication date :
07 January 2025
Journal title :
Proceedings of the Annual Hawaii International Conference on System Sciences
FNR - Fonds National de la Recherche FNR - Luxembourg National Research Fund
Funding number :
16326754; 16570468; 13342933
Funding text :
Funded by the Luxembourg National Research Fund (FNR), grant reference 16326754 and NCER22/IS/16570468/NCER-FT, and by PayPal, PEARL grant reference 13342933/Gilbert Fridgen. For the purpose of open access and in fulfillment of the obligations arising from the grant agreement, the author has applied a Creative Commons Attribution 4.0 International (CC BY 4.0) license to any Author Accepted Manuscript version arising from this submission.
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