Leveraging Blockchain for ESG Transparency and Supply Chain Traceability: A Digitalization Strategy for Nestl S.A.

Abstract

Digitalisation and sustainability have become the key to long-term competitiveness and responsibility as an ethical business aspect
in the modern business environment. The increasing focus on the Sustainable Development Goals (SDGs) has provoked companies to include
the environmental, social, and governance (ESG) principles in their strategies. Nonetheless, to realise quantifiable sustainability impact, policy
coherence is not sufficient, but a technology change is necessary. According to Bibri (2021), digital transformation is systemic and it redefines
business models by using data-based sustainability strategies which are aligned with the global objectives. The report discusses how NestlS.A.,
a multinational food and beverage company, can use blockchain technology as a draw towards greater ESG transparency and accountability in
its supply chain. Through its proposal of a blockchain-based solution, the given report will be able to illustrate how digitalisation can reinforce
the growth of Nestlto such key SDGs as SDGs 8, 12, and 13, as well as triangulate the triple bottom line of people, planet, and profit.