Key points are not available for this paper at this time.
'Sustainable Finance' refers to the process of taking environmental, social, and Governance (ESG) considerations into account when making investment decisions in the financial sector, leading to more long-term investments in sustainable economic activities and projects. Environmental considerations might include climate change mitigation and adaptation, as well as the environment more broadly, for instance the preservation of biodiversity, pollution prevention and the circular economy. Social considerations could refer to issues of inequality, inclusiveness, labor relations, investment in people and their skills and communities, as well as human rights issues. The governance of public and private institutions—including management structures, employee relations and executive remuneration – plays a fundamental role in ensuring the inclusion of social and environmental considerations in the decision-making process. There are multiple ways by which organizations can embrace Blockchain Technology so that the stakeholders of a given ecosystem can enhance transparency, accountability, and efficiency in sustainable finance practices, ultimately driving positive social, environmental, and economic outcomes. However, there are several challenges as well that lie ahead on this journey. Coming up with innovative solutions to overcome them and drive meaningful change in sustainable finance reporting. An understanding of the fundamental principles of Blockchain Technology, including decentralization, immutability, and transparency is very much a sine qua non. In this context, an attempt is made in this Concept Paper to illustrate how blockchain can address the shortcomings of traditional reporting by providing a tamper-proof and auditable record of transactions and data.
Prof . A. Suryanarayana (Thu,) studied this question.