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LONDON - Diginex Limited (NASDAQ:DGNX), a $2.18 billion market cap technology company addressing environmental, social, and governance (ESG) challenges, announced a strategic alliance with professional services firm Forvis Mazars. The company’s stock has shown remarkable momentum, surging over 1,165% in the past six months according to InvestingPro data. This partnership aims to enhance businesses’ ability to manage supply chain risks through the diginexLUMEN platform, particularly concerning climate and social issues.
The collaboration merges Diginex’s technology with Forvis Mazars’ expertise in ESG advisory and climate risk management. diginexLUMEN, a Software-as-a-Service (SaaS) solution, offers insights into supply chain risks by incorporating governance processes, worker surveys, and risk scoring algorithms. It is designed to identify and address issues such as forced labor and climate impacts.
Mark Blick, CEO of Diginex, stated that the alliance aligns with their mission to provide easy access to advanced ESG tools. While InvestingPro data shows the company maintains a GOOD financial health score despite reporting negative EBITDA of -$8.52M, William Hughes, Sustainability Director at Forvis Mazars, expressed that integrating diginexLUMEN will offer clients actionable insights to meet their sustainability objectives.
The partnership comes as global supply chains come under increased scrutiny from regulators and consumers demanding accountability for climate and social impacts. diginexLUMEN has been developed with input from industry leaders and is positioned as a tool for companies to transition from traditional audit models to continuous, data-driven risk management.
Forvis Mazars clients will gain access to diginexLUMEN’s features, including supplier performance monitoring and ESG reporting capabilities. The alliance is set to help businesses align profitability with purpose by fostering transparency and accountability in supply chains.
The information in this article is based on a press release statement. Want deeper insights into Diginex’s financial performance and growth potential? InvestingPro subscribers get access to 12 additional exclusive ProTips and comprehensive financial analysis tools.
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