Blockchain Innovation for Sustainable Supply Chain Management under EU Corporate Sustainability Reporting Directive (CSRD) Regulation

Department of Business and Management, H-Farm College, affiliated with University of Chichester, London, England
Email: marianna.manfrino@gmail.com
Manuscript received January 24, 2024; accepted February 18, 2024; published February 27, 2024

Abstract—This paper explores the transformative role of blockchain technology in advancing the sustainability of supply chain management within the context of the EU Corporate Sustainability Reporting Directive (CSRD) regulation. As companies grapple with an expanded scope under the CSRD, encompassing a broader array of reporting entities, the need for robust and innovative solutions becomes increasingly evident. Blockchain, with its inherent characteristics of transparency, security, and decentralized consensus, emerges as a promising tool to address the multifaceted challenges associated with sustainable supply chain management. The paper investigates the role of blockchain in fostering sustainability across various dimensions of the supply chain, including ethical sourcing, environmental conservation, and the empowerment of local communities. The “Fashion Passport” project represents a case study of blockchain solutions to the fashion industry, with a specific focus on traceability. By utilizing blockchain, the “Fashion Passport” project aims to verify the authenticity and origin of garments throughout the supply chain. Through this case study, the paper aims to elucidate how blockchain technology acts as a catalyst for positive change, empowering businesses to align their operations with sustainable practices.

Keywords—blockchain, sustainable supply chain, corporate sustainability reporting directive, greenhouse gas emissions

Cite: Marianna Manfrino, "Blockchain Innovation for Sustainable Supply Chain Management under EU Corporate Sustainability Reporting Directive (CSRD) Regulation," International Journal of Blockchain Technologies and Applications vol. 2, no. 1, pp. 8-15, 2024.

Copyright © 2024 by the authors. This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited (CC BY 4.0).