PwC and The Hashgraph Group launch ESG platform using Hedera blockchain to enhance transparency and compliance

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PwC has teamed up with The Hashgraph Group to roll out a pioneering ESG solution powered by Hedera’s distributed ledger technology. The main goal here is to boost transparency, make data verification easier, and help companies stay on top of ever-tightening regulations around sustainability reporting worldwide. This partnership really marks a notable development in the climate tech space, giving businesses a solid tool to meet those increasingly strict environmental, social, and governance disclosure standards.

At the center of this collaboration is EcoGuard , a platform designed to tokenise and keep track of various ESG metrics, including things like carbon credits, renewable energy certificates, real-time sustainability data, and compliance records. By storing this info on Hedera’s public, carbon-negative blockchain, PwC’s system tackles some of the major issues associated with ESG data , especially data integrity and auditability. For companies operating along complex supply chains, having access to transparent, tamper-proof records has become pretty much essential, particularly as regulations such as the EU’s Corporate Sustainability Reporting Directive (CSRD), ISSB/IFRS standards, and the UK’s Sustainability Disclosure Requirements (SDR) are raising the bar for reporting requirements.

PwC brings a wealth of experience to this effort, having advised thousands of firms on carbon reporting, sustainability audits, and climate strategies. Dr. Antonios Koumbarakis, a Partner at PwC Switzerland, explains that working with Hedera is about empowering organizations to speed up their efforts towards decarbonization and better resource use. By tapping into advanced blockchain tech, PwC hopes to improve transparency, ensure compliance, and unlock long-term value for businesses everywhere.

The EcoGuard platform utilises Hedera Guardian technology to generate digital tokens that represent ESG and carbon data. This approach allows companies to automate compliance processes, keep ongoing tabs on environmental assets, and produce fully auditable sustainability claims. Hedera’s network was chosen because of its high throughput, low transaction fees, enterprise-grade governance, and, interestingly enough, its commitment to being carbon-negative. All of this makes it particularly suitable to support large-scale ESG initiatives.

Stefan Deiss, Co-Founder and CEO of The Hashgraph Group, underscored the importance of trustworthy ESG data. He said that the integrity of such data is core to tackling climate change effectively. He also described Hedera as the “world’s greenest distributed ledger,” with EcoGuard serving as a kind of digital infrastructure that turns environmental goals into verified actions.

The timing of this partnership is quite relevant, given current market trends. The market for carbon credits alone is expected to exceed $250 billion by 2030, and there’s a clear move towards digitalising carbon markets and sustainability data. For example, Verra, a well-recognized carbon standards group, recently integrated its standards with Hedera , a sign that blockchain-based transparency in the carbon space is gaining ground. Konstantin Dagianis, a PwC partner in Germany, pointed out that such solutions provide companies with compliance tools that cover their entire value chain, not just internal reporting.

This collaboration also aligns with PwC’s broader strategic push to integrate technology with sustainability efforts. Recently, the firm expanded its AI ecosystem across regions like Europe, the Middle East, and Africa, partnering with Google Cloud to boost enterprise automation and governance. PwC has also worked with partners like Sphera to grow ESG management platforms, and with SAP to embed sustainability into core business processes , focusing on carbon measurement, decarbonization, and risk assessment.

Looking at the Middle East, especially the UAE, where climate tech and sustainability initiatives are rapidly gaining momentum, those kinds of blockchain-powered ESG tools like EcoGuard could be game-changers. Governments and industries alike are under pressure to hit ambitious net-zero targets and align with global ESG standards. Platforms that ensure environmental claims are transparent and traceable are quickly becoming indispensable.

By leveraging Hedera’s environmentally friendly, scalable blockchain and PwC’s sustainability know-how, EcoGuard aims to establish a new standard for verifiable, audit-ready ESG reporting. Its real-time tracking and interoperable digital tokens give businesses a practical way to stay compliant while also strengthening corporate accountability. As regulations evolve swiftly and carbon markets expand, solutions like this are likely to become increasingly popular, fueling a digital transformation in the ESG realm.

All in all, this partnership represents a significant step forward in tackling one of the biggest hurdles in climate tech , delivering credible, trustworthy sustainability data that can support genuine decarbonization and resource management at enterprise levels. As ESG reporting gets more complex and impactful, innovative uses of distributed ledger tech like EcoGuard could well become central elements of corporate climate strategies, both in the UAE and around the world.

Source: Noah Wire Services