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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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- Responsible Sourcing Blockchain Network (RSBN) - https://www.ibm.com/blogs/blockchain/2020/12/blockchain-and-sustainability-through-responsible-sourcing/
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:
- Claims that a report has been prepared in accordance with the GRI Standards
- → Opportunity: GRI digital signs the reports that are in accordance with the GRI Standards
- Notifying GRI of the use of the Standards
- 3.4.2 registering the report or published material at www.globalreporting.org/standards.
- → Blockchain registry???
- principles for defining report quality
- GRI 102: General Disclosures (2016)
- 1. Organizational Profile
- → Proof of origin of the organization's profile → Verifiable Credentials???
- In general:
- → cryptographic signing of any document provided???
- → Storing hash values of documents to blockchains?
- Disclosure 102-56: External assurance
- Digitally sign the external reports??
- publish a hash value or certain metadata on public blockchain???
- Giving the auditors a digital identity?
- Could a part of the external assurance be automated by smart contracts???
- 1. Organizational Profile
- GRI 103: Management Approach (2016)
- see GRI 102: In general
- GRI 305: Emissions (2016)
- Disclosure 305-1: Direct (Scope 1) GHG emissions
- "apply emission factors and GWP rates consistently for the data disclosed;"
- → document emissions factors used in an immutable ledger
- "apply emission factors and GWP rates consistently for the data disclosed;"
- Disclosure 305-2 Energy indirect (Scope 2) GHG emissions
- The ‘GHG Protocol Scope 2 Guidance’ requires organizations to provide two distinct Scope 2 values:
- A location-based method reflects the average GHG emissions intensity of grids on which energy consumption occurs, using mostly grid-average emission factor data
- A market-based method reflects emissions from electricity that an organization has purposefully chosen. It derives emission factors from contractual instruments
- → Utility emissions channel: location-based grid factors are already covered. market-based could be included: Great opportunity to use parts of our existing lab????
- The ‘GHG Protocol Scope 2 Guidance’ requires organizations to provide two distinct Scope 2 values:
- Disclosure 305-3 Other indirect (Scope 3) GHG emissions
- ToDo: Great potential!!
- Disclosure 305-1: Direct (Scope 1) GHG emissions
- GRI 308: Supplier Environmental Assignment (2016)
- "The reporting organization shall report its management approach for supplier environmental assessment using"
- Disclosure 308-1 New suppliers that were screened using environmental criteria
- Disclosure 308-2 Negative environmental impacts in the supply chain and actions taken
- → Use there published and signed data (and/or reports) to verify their negative environmental impacts
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