INTEGRATING ESG INDICATORS INTO A BLOCKCHAIN-BASED PLATFORM FOR ENHANCING GREEN BOND TRANSPARENCY
DOI:
https://doi.org/10.21009/ishel.v1i1.57027Abstract
Green bonds have become an increasingly important financing instrument for environmentally sustainable development. Nevertheless, the green bond market continues to face critical challenges, particularly in the areas of transparency, accountability, and impact assessment. This study proposes a conceptual model that integrates Environmental, Social, and Governance (ESG) indicators into a blockchain-based reporting system to address these challenges and enhance investor trust. Adopting a Research and Development (R&D) approach based on the ADDIE model, the research follows four stages: literature review, model design, expert validation, and system simulation. The results demonstrate that blockchain technology, through the implementation of smart contracts and distributed ledgers, offers a viable and transparent architecture for ESG reporting in green bond frameworks. This model contributes to the enhancement of green bond credibility, improves monitoring efficiency, and has the potential to increase institutional investor participation in sustainable finance initiatives.
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Copyright (c) 2025 DANANG PRATOMO, Bagus Sumargo, Nadiroh Azizah
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