Chapter Integrating ESG Factors into Construction Projects: A Blockchain-Based Data Management Approach

Abstract

Environmental, Social, and Governance (ESG) investing has become increasingly significant in the Architecture, Engineering, and Construction (AEC) industry. However, the AEC industry faces challenges such as non-uniform standards, complex information sources, and data security concerns when collecting and verifying ESG data. At the same time, as one of the key points of carbon emission in AEC projects, the ESG management of construction projects is still lacking. This paper proposed a blockchain-based ESG data management framework, which designed to address these challenges in the AEC industry. The framework and the smart contract and transaction data model applied in it realize data collection and information verification in construction projects. By leveraging blockchain technology's key features of transparency, immutability, and traceability, the framework ensures secure and efficient ESG data management. Additionally, the InterPlanetary File System (IPFS) technology enables access to original files for data verification and comparison, further enhancing authenticity. By integrating blockchain and IPFS technologies, our proposed solution enhances the reliability and traceability of ESG data in the construction projects, paving the way for more sustainable and transparent practices