Sustainability RegTech firm Diginex introduced that it has accomplished the acquisition of The Treatment Undertaking Restricted, an advisory and analysis firm specializing in labor and human rights in world provide chains.
In keeping with Diginex, the acquisition comes as demand rising world demand for human rights due diligence in provide chains, pushed by more and more stringent rules, such because the EU’s Company Sustainability Due Diligence Directive (CSDDD) and comparable frameworks worldwide, which more and more require firms to establish human rights dangers, in addition to to implement verifiable remediation processes to handle these points.
Based in 2020, Hong Kong-based The Treatment Undertaking offers options geared toward defending employees’ rights and creating treatment frameworks in world provide chains. The corporate works with firms, business associations, governments, and civil society to strengthen human rights due diligence, design and consider grievance mechanisms, and assist efficient remediation and entry to treatment for employees, notably in high-risk sectors and geographies throughout Asia.
Archana Kotecha, Founder and CEO of The Treatment Undertaking, mentioned:
“For a few years, The Treatment Undertaking has targeted on one core problem: how to make sure that human rights due diligence results in actual, enforceable treatment for employees. Becoming a member of Diginex permits us to convey collectively deep human rights experience, worker-centered methodologies, and expertise at scale, bridging the persistent hole between figuring out dangers and delivering significant outcomes.”
Kotecha will be part of Diginex’s govt crew, specializing in treatment innovation and world relationships with firms and governments.
Diginex offers software program options geared toward serving to firms to streamline ESG, local weather, and provide chain knowledge assortment and reporting, using blockchain, AI, machine studying and knowledge evaluation expertise. In keeping with the corporate, the brand new acquisition will convey collectively its knowledge administration and reporting capabilities and instruments with The Treatment Undertaking’s advisory providers in human rights due diligence and experience, to allow firms to establish and monitor human rights dangers, and to additionally implement efficient remediation methods and adjust to evolving world rules.
Mark Blick, CEO of Diginex, mentioned:
“Finishing this acquisition marks a pivotal step in our mission to empower companies with actionable sustainability options. By integrating The Treatment Undertaking’s specialised information in human rights governance, we will amplify the influence of our provide chain platforms, serving to shoppers construct extra clear, accountable, and humane world operations.”
The announcement marks the newest in a collection of not too long ago introduced transactions by Diginex, together with an settlement to amass carbon measurement, reporting and discount software program supplier Plan A in December, the acquisition of ESG knowledge firm Matter from Nasdaq in October, and of provide chain danger monitoring platform Findings in August.
As consideration for the acquisition Diginex issued 1 million shares (Nasdaq: DGNX, $3.83) to the only shareholder of The Treatment Undertaking, and dedicated to subject as much as a further million shares offered sure working and earnout targets are met over the following three years.
