Diginex Signs Joint Venture Framework Agreement to Support ESG and Decarbonization Infrastructure in Mato Grosso, Brazil
Rhea-AI Summary
Diginex (NASDAQ: DGNX) signed a Joint Venture Framework Agreement with BGlobal and the State of Mato Grosso on Jan 23, 2026 to design and deploy a digital infrastructure platform for decarbonization, ESG reporting, auditable sustainability data, a “Digital Green Passport,” and MRV-ready data. The pilot is sector-based and will start in the beef sector with the potential to expand. The release cites Brazil’s decarbonization market at USD $43.1B (2024), projected to $76.8B by 2030, and Brazil’s sustainability software market at $141.4M (2024) to $341.4M by 2030.
The agreement emphasizes governance, traceability, and separate negotiations for any future market-based mechanisms.
Positive
- Framework targets scalable ESG infrastructure in Mato Grosso
- Pilot initially focused on the beef sector
- Cites Brazil decarbonization market: $43.1B (2024) to $76.8B by 2030
- Brazil sustainability software market projection: $141.4M to $341.4M by 2030
Negative
- Framework is non-binding and requires separate, independent agreements for market mechanisms
- No disclosed commercial terms, revenue targets or implementation timeline
News Market Reaction – DGNX
On the day this news was published, DGNX declined 8.15%, reflecting a notable negative market reaction. Argus tracked a peak move of +48.6% during that session. Argus tracked a trough of -18.8% from its starting point during tracking. Our momentum scanner triggered 37 alerts that day, indicating elevated trading interest and price volatility. This price movement removed approximately $24M from the company's valuation, bringing the market cap to $273M at that time. Trading volume was exceptionally heavy at 15.6x the daily average, suggesting significant selling pressure.
Data tracked by StockTitan Argus on the day of publication.
The framework agreement aims to support large‑scale sustainability and decarbonization initiatives across the Brazilian State of Mato Grosso, one of the world’s most critical agricultural engines.
LONDON and SÃO PAULO, Jan. 23, 2026 (GLOBE NEWSWIRE) -- Diginex Limited (“Diginex” or the “Company”) (NASDAQ: DGNX), a global ESG and sustainability technology company, has signed a Joint Venture Framework Agreement (the “Framework Agreement”) with BGlobal (Brazil, Brand & Business), a company affiliated with Marta M. DeVito (“BGlobal”) and the State of Mato Grosso, to establish the framework for a proposed collaboration among the parties focused on the design and deployment of a digital infrastructure platform that enables: (i) decarbonization and ESG reporting; (ii) standardized, audible sustainability and emissions data aligned with internationally recognized standards; (iii) implementation of a “Digital Green Passport” concept to support export market access; and (iv) the creation of MRV-ready data capable of supporting credible carbon and nature-based initiatives for companies operating in the State of Mato Grosso, Brazil. The Framework Agreement sets out the terms and conditions to commence with a sector-based pilot, initially focused on the beef sector, but not limited to, with the potential to expand to additional sectors over time.
Brazil’s decarbonization market was valued at approximately USD
Brazil also represents a significant growth opportunity for Diginex, with the sustainability management software market - encompassing carbon management, compliance, reporting, and related ESG solutions - valued at approximately
Supporting Transparency and Traceability at Scale
The State of Mato Grosso is one of Brazil’s most important agricultural and natural-resource regions, covering more than 900,000 km² and playing a critical role in global food supply. Approximately
The Framework Agreement aims to combine the expertise of Diginex and its subsidiary PlanA.earth GmbH, in ESG reporting, emissions accounting, and auditable data infrastructure, with BGlobal’s on-the-ground coordination and stakeholder engagement in Brazil. Together, the parties intend to explore how digital tools can help companies operating in the State of Mato Grosso measure, disclose and manage sustainability performance in a consistent and internationally credible way.
A particular focus of the Framework Agreement is to complement and strengthen existing initiatives, including the State’s “Passaporte Verde” programme, by providing a structured digital backbone for disclosure, traceability and reporting across agriculture and natural-resource value chains. The Framework Agreement also recognizes the growing importance of carbon and nature-based initiatives, while emphasizing a disciplined approach to governance, transparency, and credibility.
The parties intend to focus initially on measurement, reporting, and MRV-ready data, creating the foundational conditions for potential future market-based mechanisms, if and when appropriate, under separate and independently negotiated agreements.
“The Framework Agreement reflects our ambition to support real-world sustainability at scale. Mato Grosso is a globally significant region for agriculture, natural capital, and climate, and we see a strong opportunity for robust data and ESG infrastructure to play a constructive role. This Framework Agreement allows us to move forward in a disciplined and structured manner, while maintaining the highest standards of governance and credibility,” commented Miles Pelham, Chairman of Diginex.
Marta M. DeVito, Managing Director and CEO of BGlobal, stated, “Mato Grosso has the scale, the assets, and the ambition to lead in sustainable development. By combining strong local engagement with globally recognized ESG and reporting capabilities, proposed collaboration creates the basis for transparency, traceability, and long-term value creation across key sectors.”
About Diginex
Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex’s products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software.
The award-winning diginexESG platform supports 19 global frameworks, including GRI (the “Global Reporting Initiative”), SASB (the “Sustainability Accounting Standards Board”), and TCFD (the “Task Force on Climate-related Financial Disclosures”). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service.
Plan A, Diginex's subsidiary, is a leading corporate carbon accounting and decarbonization software provider, helping organizations measure, manage and reduce their environmental impact across Scope 1, 2 and 3 emissions in order to turn emissions intelligence into financial performance. As part of the Diginex group, Plan A plays a central role in creating long-term value for companies through decarbonization globally.
For more information, please visit the Company’s website: https://www.diginex.com/.
About BGlobal
BGlobal (Brazil, Brand & Business) is a strategic advisory and coordination platform working at the intersection of sustainability, branding and international market engagement in Brazil.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
Diginex
Investor Relations
Email: ir@diginex.com
IR Contact - Europe
Anna Höffken
Phone: +49.40.609186.0
Email: diginex@kirchhoff.de
IR Contact - US
Jackson Lin
Lambert by LLYC
Phone: +1 (646) 717-4593
Email: jian.lin@llyc.global
FAQ
What did Diginex (DGNX) announce on January 23, 2026 about Mato Grosso?
Will the Diginex framework agreement create a binding joint venture immediately?
How does the agreement aim to support exports from Mato Grosso under DGNX’s plan?
What market size figures did Diginex cite for Brazil’s decarbonization opportunity?
Does the agreement specify commercial value or timelines for Diginex (DGNX)?
