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- Formulate bullet points
- Make the use case solid proof and easy understandable
- How much money do corporations spend for (1) internal CSR reporting and (2) third-party assurance
- Formulate the use case Robin Klemens
- Doing some research on the existing solutions that are already based on blockchain technology Sherwood Moore
- Gather information about the process of CSR reporting of companies (no blockchain here)
- Define the scope of a PoC
- Examine the GRI standard and look for blockchain opportunities
- Create the first draft of the software architecture
- Put together high level presentation
- Share presentation with the CA2SIG for support and feedback
- Outreach: Hyperledger Social Impact, Finance & Trade, and Supply Chain SIGs
- Set up meeting on a weekly basis (Thursday, 7 am PST) Robin Klemens
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In general, reporting processes for non-financial data do not offer the same level of maturity as those for financial reporting. External assurance helps to ensure the reliability of the data and can assist the supervisory board in performing its monitoring function. In addition, external assurance can identify gaps in the reporting process and the approach to controlling, which enables further improvements to the sustainability reporting approach. → Highlight potentials of how blockchain technology can (1) replace parts of the external assurance by the design of the technology (2) Evaluate costs of both approaches (3) increase the interoperability/integration of CSR reports of different companies
GRI reporting:
- GRI 101: Foundation (https://www.globalreporting.org/standards/media/1036/gri-101-foundation-2016.pdf)
- principles for defining report quality
- accuracy
- comparability
- reliability
- Presenting information
- 2.6 If the reporting organization reports a required disclosure using a reference to another source where the information is located, the organization shall ensure:
- 2.6.1 the reference includes the specific location of the required disclosure;
- 2.6.2 the referenced information is publicly available and readily accessible.
- 2.6 If the reporting organization reports a required disclosure using a reference to another source where the information is located, the organization shall ensure:
- principles for defining report quality
Implementation
TBD
Ressources
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