Core Insights - Diginex Limited has successfully acquired The Remedy Project Limited, enhancing its capabilities in sustainability and human rights within global supply chains [1][2][3] Group 1: Acquisition Details - Diginex issued 1,000,000 shares to The Remedy Project's sole shareholder and may issue an additional 1,000,000 shares based on performance targets over the next three years [1] - The acquisition aims to integrate Diginex's supply chain technology with The Remedy Project's expertise in human rights due diligence and grievance mechanisms [2][4] Group 2: Strategic Implications - The combination of Diginex's tools and The Remedy Project's advisory services will help companies identify human rights risks and implement effective remediation strategies [2][5] - This acquisition strengthens Diginex's position in supply chain compliance, providing clients with advanced tools to manage ESG requirements and enhance social impact [5] Group 3: Company Background - Diginex is a sustainable RegTech business that utilizes blockchain, AI, and data analysis to improve transparency in corporate regulatory reporting and sustainable finance [6] - The Remedy Project, founded in 2020, specializes in labor and human rights advisory services, focusing on high-risk sectors and regions in Asia [8][9]

Core Insights - Diginex Limited has signed a definitive share purchase agreement to acquire The Remedy Project Limited, enhancing its capabilities in labor and human rights within global supply chains [1][2] Group 1: Acquisition Details - The acquisition follows a non-binding Memorandum of Understanding signed on November 21, 2025, and is expected to close soon, pending customary conditions [2] - The Remedy Project specializes in human rights due diligence, grievance mechanisms, and remediation, which aligns with Diginex's strategy for ESG compliance and supply chain due diligence [1][3] Group 2: Market Context - There is a growing demand for effective remediation in global supply chains due to stringent regulations like the EU corporate sustainability due diligence directive (CS3D), which necessitates companies to implement verifiable remediation processes [3] - Diginex has partnered with major companies such as Coca-Cola and Unilever to enhance supply chain transparency and human rights due diligence [4] Group 3: Technological Integration - The Remedy Project's expertise in grievance mechanisms and remediation frameworks complements Diginex's AI-powered tools, particularly enhancing the diginexAPPRISE platform [5] - Diginex's diginexAPPRISE application collects actionable data from supply chain workers to identify risks and improve transparency [5] Group 4: Leadership and Vision - Archana Kotecha, Founder and CEO of The Remedy Project, will join Diginex's executive team to focus on remedy innovation and global relationships [6] - Diginex's Chairman, Miles Pelham, emphasized the synergy between The Remedy Project's advisory expertise and Diginex's technology, positioning the company to address the full lifecycle of human rights due diligence [7]

Core Viewpoint - The Purchasing Practices Human Rights Due Diligence (HRDD) Framework aims to enhance accountability in supply chains by providing a common basis for assessing brands' practices, focusing on high-risk areas such as production planning and payment terms [1][2][4]. Group 1: Framework Development - The framework is developed with input from various stakeholders, including manufacturers and trade unions, to address power imbalances in supply chains and reduce fragmentation [2][5]. - It is designed to be a recommendation for policymakers, regulators, and investors, emphasizing the need for a shared understanding of responsible purchasing practices [4][3]. Group 2: Implementation and Impact - The RPP Working Group believes that widespread adoption of the framework can lead to more predictable production, secure wages, and healthier working conditions [2][4]. - Technical guidance is expected to be developed by autumn 2025 to assist users in identifying evidence sources and progress markers [4]. Group 3: Accountability and Transparency - The framework aims to contribute to increased transparency, comparability, and accountability within the industry [5]. - It highlights the importance of companies reviewing their purchasing practices as part of their HRDD efforts [4][3].