Diginex buys human rights advisory firm

Diginex, a sustainability RegTech company, has announced the completion of its acquisition of The Remedy Project Limited, an advisory and research firm specialising in labour and human rights in global supply chains. This acquisition is in response to the increasing global demand for human rights due diligence, propelled by stringent regulations such as the EU’s Corporate Sustainability Due Diligence Directive (CSDDD). These regulations mandate companies to identify human rights risks and implement verifiable remediation processes to address them.

Established in 2020 and based in Hong Kong, The Remedy Project focuses on protecting workers’ rights and creating remedy frameworks within global supply chains. It collaborates with companies, industry associations, governments, and civil society to enhance human rights due diligence, design grievance mechanisms, and support effective remediation and access to remedy for workers, particularly in high-risk sectors and regions across Asia.

Archana Kotecha, Founder and CEO of The Remedy Project, commented, “For many years, The Remedy Project has focused on one core challenge: how to ensure that human rights due diligence leads to real, enforceable remedy for workers. Joining Diginex allows us to bring together deep human rights expertise, worker-centred methodologies, and technology at scale, bridging the persistent gap between identifying risks and delivering meaningful outcomes.” Kotecha will join Diginex’s executive team, concentrating on remedy innovation and global relationships with corporations and governments.

Diginex offers software solutions to streamline ESG, climate, and supply chain data collection and reporting, employing blockchain, AI, machine learning, and data analysis technology. The acquisition will combine Diginex’s data management and reporting capabilities with The Remedy Project’s advisory services in human rights due diligence, enabling companies to identify and monitor human rights risks, implement effective remediation strategies, and comply with evolving global regulations.

Mark Blick, CEO of Diginex, stated, “Completing this acquisition marks a pivotal step in our mission to empower businesses with actionable sustainability solutions. By integrating The Remedy Project’s specialised knowledge in human rights governance, we can amplify the impact of our supply chain platforms, helping clients build more transparent, accountable, and humane global operations.”

This announcement follows a series of recent transactions by Diginex, including an agreement to acquire carbon measurement, reporting, and reduction software provider Plan A in December and the acquisition of supply chain risk monitoring platform Findings in August.

As part of the acquisition agreement, Diginex issued 1 million shares (Nasdaq: DGNX, $3.83) to the sole shareholder of The Remedy Project, with a commitment to issue up to an additional million shares contingent on achieving certain operating and earnout targets over the next three years.