Highlights

  • Diginex signs framework agreement supporting ESG and decarbonization infrastructure in Brazil’s Mato Grosso.
  • Proposed collaboration focuses on ESG reporting, MRV-ready data, and digital traceability systems.
  • Brazil’s decarbonization and sustainability software markets present measurable scale opportunities.

Diginex Limited (NASDAQ:DGNX), a London-based ESG and sustainability technology company, has entered into a Joint Venture Framework Agreement with BGlobal (Brazil, Brand & Business) and the State of Mato Grosso. The agreement outlines a proposed collaboration aimed at developing a digital infrastructure platform to support ESG reporting, emissions measurement, and decarbonization initiatives across Mato Grosso, one of Brazil’s most significant agricultural regions.

The framework establishes the basis for cooperation on standardized and auditable sustainability data aligned with internationally recognized standards. It also includes the development of a “Digital Green Passport” concept designed to support export market requirements and traceability. In addition, the platform is intended to generate MRV-ready data capable of supporting carbon and nature-based initiatives, subject to future, separately negotiated agreements.

Initial Sector Pilot and Expansion Scope
Under the framework, the parties plan to begin with a sector-based pilot program, initially focused on the beef sector. The agreement allows for potential expansion into other agricultural and natural-resource sectors over time. The emphasis during early stages remains on measurement, reporting, and verification rather than market-based mechanisms.

The collaboration is expected to complement existing state-level initiatives, including Mato Grosso’s “Passaporte Verde” programme, by providing a digital backbone for disclosure and reporting across value chains.

Mato Grosso’s Role in Agriculture and Sustainability
Mato Grosso spans more than 900,000 square kilometers and plays a central role in Brazil’s agricultural output and global food supply. Approximately 60% of the state’s land area remains preserved, positioning it as a significant contributor to climate and biodiversity outcomes. The framework agreement is structured to support transparency and traceability across companies operating within this region.

Market Context in Brazil
Brazil’s decarbonization market was valued at approximately USD 43.1 billion in 2024 and is projected to reach USD 76.8 billion by 2030, representing a CAGR of about 10.1% from 2025 to 2030. Separately, Brazil’s sustainability management software market, covering carbon management, compliance, and ESG reporting, was estimated at USD 141.4 million in 2024 and is forecast to reach USD 341.4 million by 2030.

DGNX Share Performance Snapshot
Diginex shares were trading at USD 1.35 on January 22.