An oft noted major challenge lies in consistent ESG reporting or score uniformity across variegated frameworks and standards such as the Sustainability Accounting Standards Board (SASB) and Global Reporting Initiative (GRI) — with others still being formed. Talk of a uniform set of standards to garner “apples to apples” comparisons is increasing in focus. Yet this obstacle is a bit of a red herring: disparate score cards.
Instead of such hefty focus on frameworks, bandwidth needs to go toward companies’ ability to capture real-time sustainability data to then power environmental performance strategies. Proving traction against carbon-neutrality goals will require an external metric, yes, but most importantly will be reliant on technology that can generate accurate, auditable and accountable sustainability measurements, reporting and, thus, records to track against. The technology that will fulfill this pivotal role is blockchain.