Diginex Limited and Forvis Mazars Announce Strategic Alliance to Enhance Supply Chain Risk Assessment with diginexLUMEN
The alliance combines Diginex's cutting-edge technology with Forvis Mazars' deep expertise in ESG advisory, climate risk management, and business strategy, offering clients a powerful tool to navigate the evolving demands of sustainability and regulatory compliance. diginexLUMEN, a scalable and affordable Software-as-a-Service (SaaS) solution, provides unparalleled insight into supply chain risks by leveraging robust governance processes, multilingual worker voice surveys, and algorithm-based risk scoring. This enables companies to identify, prioritize, and address issues such as forced labor, climate impacts, and other social vulnerabilities across their global operations.
"We are excited to work with Forvis Mazars to introduce diginexLUMEN to their clients, helping businesses of all sizes tackle the critical challenges within their supply chains," said Mark Blick, CEO of Diginex. "This alliance underscores our mission to help enable easy access to advanced ESG tools, enabling organizations to drive meaningful change while meeting stakeholder expectations and regulatory requirements."
Forvis Mazars, known for its tailored solutions in ESG and climate risk management, sees this alliance as a key step in supporting clients to build sustainable and resilient business models. "Our clients are increasingly focused on understanding and mitigating supply chain risks tied to climate change and social issues," said William Hughes, Sustainability Director at Forvis Mazars. "By integrating diginexLUMEN into our service offerings, we can provide actionable insights and innovative technology to help them achieve their sustainability goals and thrive in a rapidly changing world."
This strategic relationship comes at a pivotal time as global supply chains face heightened scrutiny from regulators, investors, and consumers demanding greater accountability on climate and social impacts. diginexLUMEN's proven track record—developed in collaboration with industry leaders like The Coca-Cola Company, Unilever and Reckitt —positions it as a transformative tool for companies seeking to move beyond traditional audit models toward continuous, data-driven risk management.
Through this alliance, Forvis Mazars clients will gain access to diginexLUMEN's comprehensive features, including supplier performance monitoring, ESG reporting capabilities, and actionable improvement tracking, all designed to foster transparency and accountability. Together, Diginex and Forvis Mazars aim to set a new standard for supply chain due diligence, helping businesses align profitability with purpose.
For more information about diginexLUMEN or to schedule a demo, visit www.diginex.com. For inquiries about Forvis Mazars' ESG and climate risk services, visit www.forvismazars.us.
Forward-Looking Statements
Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as "approximates," "believes," "hopes," "expects," "anticipates," "estimates," "projects," "intends," "plans," "will," "would," "should," "could," "may" or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC.
Hashtag: #DiginexLimited
The issuer is solely responsible for the content of this announcement.
About Diginex
Diginex Limited is a Cayman Islands exempted company, with subsidiaries located in Hong Kong, the United Kingdom and the United States of America. Diginex Limited commenced operations in 2020 and is a software company that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. Diginex Limited is an impact technology business that helps organizations address the some of the most pressing ESG, climate and sustainability issues, utilizing blockchain, machine learning and data analysis technology to lead change and increase transparency in corporate social responsibility and climate action.
Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. For more information, please visit the Company's website: https://www.diginex.com/.
About Forvis Mazars
Forvis Mazars is the brand name for the Forvis Mazars Global network (Forvis Mazars Global Limited) and its two independent members: Forvis Mazars, LLP in the United States and Forvis Mazars Group SC, an internationally integrated partnership operating in over 100 countries and territories. Forvis Mazars Global Limited is a UK private company limited by guarantee and does not provide any services to clients. Forvis Mazars LLP is the UK firm of Forvis Mazars Group.
Diginex

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Gulf Today
3 days ago
- Gulf Today
At the halfway mark: What the 2025 markets have - and haven't
Six months into 2025, the only thing markets had made clear was how unclear everything still is. A sharp sell-off in April followed by an equally swift rebound left investors with more questions than answers. The macro signals remain mixed, policy direction is far from settled, and asset performance seems to shift week by week rather than by sector or geography. In that sense, 2025 has resisted easy classification: it is neither a textbook recovery nor a broad retreat to safety. Instead, it's proven to be more fluid, more tactical, and more dependent on timing and agility than in recent cycles. Clarity is not a given Much of the volatility in Q2 was reflexive, not directional. The Nasdaq shed over 20% in April before recouping its losses by June. The S&P 500 followed a similar trajectory, ending the half up 5.3% year-to-date—though that figure conceals the sharp swings it endured along the way. These movements weren't grounded in upgrades to earnings or economic outlooks. They were sparked by headlines and driven by positioning shifts. No single centre of gravity One of the defining features of this cycle is the absence of a clear market leader. U.S. tech rebounded strongly in Q2, but not across the board. Cyclicals have had moments of strength, but haven't sustained momentum. Commodities responded more to geopolitics than to supply-demand fundamentals, and fixed income flows have remained concentrated in the short end of the curve. The result is dispersion. The Hang Seng was one of the best performers globally in H1, up over 20%, while the Nikkei declined slightly despite a supportive currency backdrop. In Europe, the FTSE 100 and DAX posted healthy gains, driven in part by defensive sectors and FX tailwinds. And in the Middle East, the picture was mixed: Abu Dhabi's ADX rose 5.2%, Dubai's DFM added 3.4%, while Saudi's Tadawul dipped slightly. More notably, capital flows from the region showed an outward-looking investor appetite for global assets like US Treasuries and infrastructure-linked private funds. The rise of metals and moderation The standout performers of H1 were gold and silver. Gold rose 27.39%, while silver gained 25.55%, with much of the buying driven not by retail flows but by institutional positioning and central bank accumulation. With the dollar weakening and real yields compressing, the appeal of metals as an inflation and volatility hedge has reasserted itself. Brace for a second half that rewards preparation As the second half begins, the macro picture remains event-driven, but not unstable. The risks that triggered April's correction have not fully disappeared. The Fed's next move could shift sentiment abruptly. U.S. elections and geopolitical realignments will continue to inject uncertainty. At the same time, inflation is trending lower in key markets, labour markets remain resilient, and recession concerns, while still present, are far less acute than they were a year ago. For investors, the imperative is not to chase the next rally or brace for collapse, but to build portfolios resilient enough to accommodate both. That means revisiting sector exposures, managing concentration risk, and holding enough liquidity to act on opportunities without being forced into them. It also means understanding that the next 5% up or down may come from a headline, not a thesis, and positioning accordingly. If H1 was a test of patience and positioning, H2 is likely to be a test of discipline. More details at: https: //


Al Etihad
4 days ago
- Al Etihad
US stocks finish higher as markets gyrate on Powell firing fears
17 July 2025 09:03 New York (AFP)Wall Street stocks finished higher on Wednesday, overcoming a mid-session swoon after US President Donald Trump denied plans to fire Federal Reserve Chair Jerome equity indices had moved suddenly negative following reports that a dismissal could be imminent, but they recovered quickly once Trump ruled out firing Powell -- for who has bitterly attacked the Fed chair for months, said such a move was "highly unlikely" and that "I'm not talking about that" when asked if he would fire three major US indices finished the rollercoaster day higher, with the tech-focused Nasdaq ending at a third straight Powell drama also jolted the Treasury and currency markets. The dollar retreated against the euro and other major currencies, although it recovered some of its losses after Trump denied he would fire the Fed drama, markets have also weighed Trump's myriad tariff actions amid worries about inflation. The US president has vowed numerous tariff increases on August 1 if trading partners fail to secure the June consumer price index showed increased pricing pressure following US tariffs on Tuesday, the producer price index was unchanged on a month-on-month basis, cooling from growing 0.3 percent in the Fed's "Beige Book" survey of economic conditions, however, pointed to increasing impacts from Trump's various firms said they passed along "at least a portion of cost increases" to consumers due to tariffs, while also expressing expectations that costs will remain individual companies, Goldman Sachs jumped 0.9% after quarterly earnings easily topped analyst estimates. CEO David Solomon predicted an uptick in dealmaking, pointing to greater "confidence level on the part of CEOs, that significant scaled industry consolidation is possible."Ford slumped 2.9% after disclosing that it would account for $570 million in costs connected to fuel injectors in several models from recent years, including Bronco Sport vehicles from 2021 to 2024. But Johnson & Johnson surged 6.2% as it lifted its full-year forecast after quarterly earnings topped estimates. Analysts noted that the health care company also lowered its estimate for the cost hit from tariffs. Stock Markets Continue full coverage


Zawya
4 days ago
- Zawya
US Stocks: Wall Street ends up, after brief downward detour on Powell firing confusion
Wall Street benchmarks closed modestly higher on Wednesday, with the Nasdaq Composite achieving its latest record finish, despite a chaotic half hour when news reports suggested U.S. President Donald Trump was set to fire Federal Reserve Chair Jerome Powell. Shortly before midday, the benchmark S&P 500 and Nasdaq fell more than 1%, while the dollar plunged and Treasury yields rose, after Bloomberg News reported the possibility of replacing Powell, citing an unidentified White House official. Separately, Reuters News reported, citing a source, that Trump was open to the idea of firing Powell. Trump was quick to deny the reports, even as he unleashed a new barrage of criticism against Powell for not cutting interest rates. "The Fed's independence is hugely important to our overall economy, so you saw the market react when that initial headline came out," said Dylan Bell, chief investment officer at CalBay Investments. Trump's denial revived equity markets, with the Nasdaq Composite closing at 20,730.49, a gain of 52.69 points, or 0.26%. It was the fifth session in six that the technology-heavy index has posted a record high. The Dow Jones Industrial Average rose 231.49 points, or 0.53%, to 44,254.78, and the S&P 500 gained 19.94 points, or 0.32%, at 6,263.70. Since Trump's April tariff announcement, which initially sent U.S. equities into a spin, U.S. stock markets have been on a tear. The S&P 500 most recently posted a record finish last week. Amid this buoyancy, though, has been investor angst about the prospect of Powell being removed from his job before his term ends next May, as Trump has repeatedly criticized him for not cutting U.S. rates quickly enough. The CBOE Volatility Index, Wall Street's "fear gauge," hit a more than three-week high in the wake of the initial Powell reports, but eased from those levels. CalBay's Bell said while volatility risk from news headlines would persist, the overall positive state of the U.S. economy was a more important factor in driving investor moves. Despite Trump's demands for easier credit, Fed officials have resisted cutting rates until there is clarity on whether his tariffs on U.S. trading partners reignite inflation. This concern was iterated by Atlanta Fed President Raphael Bostic on Wednesday, saying in a Fox Business interview that pressures may be building in the wake of rising import taxes. Inflation has been in focus this week. Producer prices data released on Wednesday showed growth flatlined in June, as tariff-driven goods costs were balanced out by weaker service prices. Just a day earlier, unexpectedly strong consumer inflation had already dented hopes for deeper Fed rate cuts, with Trump's tariffs partly fueling the uptick in prices. On Wednesday, the second day of this earnings season, another round of stronger profits from Wall Street's big banks failed to ignite their own stock prices. Goldman Sachs climbed 0.9% after notching a 22% earnings surge, while Bank of America and Morgan Stanley declined 0.3% and 1.3%, respectively, despite posting higher profits. Johnson & Johnson soared 6.2%, and was the second-best performer on the S&P 500, after halving its expectations for costs this year related to new tariffs and raising its full-year sales and profit forecast. Semiconductor stocks were sluggish after news that Nvidia would be allowed to sell its H2O chips in China had fueled gains in the previous session. The semiconductor index slipped 0.4%, from the 12-month high recorded on Tuesday. (Reporting by Sruthi Shankar, Pranav Kashyap and Nikhil Sharma in Bengaluru and David French and Suzanne McGee in New York; additional reporting by Medha Singh; Editing by Saumyadeb Chakrabarty, Maju Samuel and Richard Chang)