Diginex Limited, BGlobal, and the State of Mato Grosso have entered into a Joint Venture Framework Agreement to design and launch a digital infrastructure platform that will deliver ESG reporting, decarbonization, and MRV‑ready data for Brazil’s agricultural and natural‑resource sectors.
The partnership will begin with a sector‑based pilot in the beef industry, the backbone of Mato Grosso’s economy, and will later expand to other sectors. The platform will support a “Digital Green Passport” that provides traceability and certification for producers, enabling them to access export markets that demand verified sustainability credentials.
Brazil’s decarbonization market was valued at $43.1 billion in 2024 and is projected to reach $76.8 billion by 2030, growing at a 10.1% CAGR. The country’s sustainability‑management software market was $141.4 million in 2024 and is expected to climb to $341.4 million by 2030, underscoring the sizable opportunity that the joint venture seeks to capture.
Diginex’s strategy has been to strengthen its ESG technology portfolio through acquisitions, most recently of Plan A for €55 million and The Remedy Project. The company’s six‑month financial results to September 30 2025 showed revenue rising 293% to $2.0 million, but a net operating loss of $6.0 million, reflecting the cost of recent M&A activity. Chairman Miles Pelham said the framework “allows us to move forward in a disciplined and structured manner, while maintaining the highest standards of governance and credibility,” and highlighted Mato Grosso’s role as a global agricultural hub that can benefit from robust ESG data infrastructure.
The announcement triggered a 31.9% surge in Diginex’s pre‑market trading on January 23 2026, reflecting investors’ enthusiasm for the partnership’s access to a high‑growth market. Analysts noted that while the deal positions Diginex to tap into a $43 billion decarbonization opportunity, the company’s recent financial volatility and operating losses temper the optimism, suggesting that the market is weighing the strategic upside against ongoing headwinds.
The joint venture represents a significant step for Diginex as it seeks to expand its ESG footprint in emerging markets. By combining its software expertise with BGlobal’s local coordination and Mato Grosso’s regulatory support, the partnership aims to create a scalable, data‑driven ecosystem that could serve a broad range of agricultural and natural‑resource companies across Brazil.
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