Blockchain and Non-Financial Reporting: Enhancing Transparency and Accountability

This thesis explores how blockchain technology can improve non-financial reporting, with a particular emphasis on how it can strengthen corporate disclosures' sustainability, accountability, and transparency. Traditional reporting approaches frequently fail to meet stakeholder demands for more dependable and thorough reporting on environmental, social, and governance (ESG) elements because of problems such as data inconsistency and manipulation susceptibility. The main research question is how blockchain technology, which is decentralised and immutable, can help with these issues and provide a more secure platform for non-financial data. Employing a secondary data approach, the research examines existing literature, industry reports, and case studies, such as Walmart and the Aura Blockchain Consortium, to show the practical uses of blockchain technology in improving non-financial reporting. The results suggest that blockchain may dramatically enhance the traceability and verification of sustainability claims, reducing fraud and inefficiencies, while increasing customer trust in ethical sourcing. According to the research's implications, businesses that use blockchain technology will not only improve their reporting procedures but also establish themselves as industry leaders in sustainability and transparency, satisfying the demands of regulators and investors in an environment where corporate responsibility is becoming more and more important.