$6M Series A funding for blockchain startup that helps businesses improve their sustainability

Featured, news, Diginex , blockchain

We all know how big of an impact, companies can have on the world around us. ESG (Environmental, Social and Governance) reporting is a great way to assess this impact and traditionally, a few large organisations with budgets and resources to spare were the ones publishing these reports. However, the pressure to publish ESG reports is mounting on companies of all sizes and it can be difficult for smaller companies. This is where the UK-registered startup Diginex comes in, which aims to make ESG reporting more accessible and mainstream. 

Funding to fuel AI-based SaaS products

Diginex’s offerings are certainly garnering interest as the startup has now raised £5.8 million in its Series A funding round. The funding was led by Fitch Ventures, which is the equity investment arm of Fitch Group. With this, the total amount of funds raised by the company is now over $8 million. 

The startup will utilise these fresh funds to continue the development of its blockchain-enabled SaaS products. Diginex will also hire new talent as it currently employs over 100 people globally and will grow its team over the coming months. 

Shea Wallon, Managing Director at Fitch Ventures, says, “Fitch is the only credit rating agency with a comprehensive, systematic and credit-focused approach showing how ESG factors affect credit ratings. It’s through this lens that we are excited to back Diginex as the team drives the business forward to offer ESG reporting solutions that work for companies of all sizes.”

The company is also poised to develop its business further in the UK. In a conversation with UKTN, the company’s CEO Mark Blick says, “We will deepen our formal partnerships with organisations like the London Stock Exchange, further grow our UK based product and commercial teams, and continue to drive forward our mission of helping UK companies of all sizes meet the growing regulator, investor and consumer-driven requirements for timely and transparent ESG and sustainability reporting.”

ESG reporting for SMEs and mega-corporations alike

Before we understand what Diginex’s offering accomplishes, we need to understand what ESG reporting is. Currently, there’s a great emphasis on companies to be more transparent and forthcoming in terms of their sustainability and social practices. Various stakeholders such as customers, regulators, employees, investors, and NGOs want to evaluate a company’s impact on the world and ESG reporting can make this easier. 

However, as mentioned earlier, creating ESG reports is currently common for mostly – large companies with enough budget to spare. DiginexESG is aimed at helping smaller companies create their own ESG analysis and reports in an accessible and affordable digital platform. It is a self-guided tool that is said to automate and facilitate the reporting process, which the startup claims can generate reports about six times faster than traditional methods. 

It is also claimed to be the first ESG blockchain-enabled reporting tool, which is also certified by the GRI. This means a company using Diginex’s solutions should be able to record, report and verify its data with complete transparency and security. DiginexESG is already being used in 12 different markets including the US, UK, Luxembourg, Hong Kong, Singapore and Chile. 

Microsoft, Coca-Cola, The Global Fund to End Modern Slavery, The World Economic Forum and the United Nations are some of the startups’ notable clients. 

Joe Biden’s former senior advisor joins the board

Alongside funding, Diginex has also revealed that the former senior advisor to the current US president Joe Biden, and Hillary Clinton, Dr. Tomicah Tillemann has joined as a new board member. 

Discussing his appointment Dr. Tomicah Tillemann states, “I am delighted to join the board of Diginex at a time when companies of all sizes are taking ownership of their environmental, social, and governance impact. Diginex’s technologies will help transform the way firms approach ESG issues, addressing challenges more quickly and generating significant dividends for society and the bottom line.”

Internet Explorer Channel Network
News Related

OTHER NEWS

Celebrity wedding regrets revealed: Sarah Jessica Parker, Holly Willoughby and more

© Provided by Hello! celebrity-wedding-regrets Celebrity weddings are jaw-dropping occasions with endless budgets, epic dresses and star-studded guest lists, but that doesn’t mean they come without hiccups or regrets. Our ... Read more »

Camping Britons reporting shocking behaviour - ‘someone poked a hole through the tent'

Holidaying Britons have embraced camping. Sleeping under canvas has become one of the most popular holiday options for countless Britons, and with popularity comes some issues. On social media, Britons ... Read more »

Budget 2021: The NINE taxes Rishi could inflict on YOU

The Autumn Budget 2021 will be delivered on Wednesday, October 27, and given the huge financial and human cost of the Covid pandemic sweeping changes are expected across many areas ... Read more »

As Britons adopt fintech what will become of those left behind?

© Provided by This Is Money MailOnline logo Britons are increasingly using online banking, money apps and contactless cards, a comprehensive survey shows. Fintech use and adoption has risen in ... Read more »

How is Dennis Politic getting on away from Bolton Wanderers on loan?

© Provided by Football League World League One – Bolton Wanderers v Wycombe Wanderers This is a hugely important season in the career of Bolton Wanderers winger Dennis Politic with ... Read more »

Luke Shaw gave a brutally honest interview after Man Utd were thrashed 5-0 by Liverpool

Luke Shaw gave a very down-to-earth interview after Manchester United were defeated 5-0 by Liverpool. © GiveMeSport Fair play, Luke Shaw Goals from Mohamed Salah (x3), Diogo Jota and Naby ... Read more »

Micah Richards delivers surprising verdict on Ole Gunnar Solskjaer's Manchester United job

Former Manchester City defender Micah Richards has said that Ole Gunnar Solskjaer deserves the chance to turn things around following the team’s 5-0 defeat to Liverpool on Sunday. Liverpool arrived ... Read more »

Katie Price claims Uri Geller may have cured son Harvey's blindness with spoon-bending trick

Uri Geller bent a spoon to help Katie Price‘s son Harvey. (Getty) Katie Price has told how she believes Uri Geller may have cured her son Harvey's blindness using his ... Read more »

Poland's PM warns EU against starting 'World War Three'

Participants hold a large EU flag as they take part in a pro-EU demonstration following a ruling of the Constitutional Court against the primacy of EU law in Poland, in ... Read more »

Richard Madeley Under Fire After Asking If Angela Rayner Is Keir Starmer's 'Best Girl'

Richard Madeley caused a stir after interviewing Labour leader Sir Keir Starmer about his deputy (Photo: ITV GMB) Richard Madeley left viewers cringing after asking Sir Keir Starmer if his ... Read more »

COVID-19: Exclusion zones around schools could be used to stop 'idiot' anti-vaxxers, health secretary says

Three children were recently injured in a protest outside a school while parents and teachers have been receiving letters with false information about the COVID-19 vaccines. Read more »

Who left Strictly last night? Here's which celebrity was voted off Strictly Come Dancing 2021 this week

The fourth week of Strictly Come Dancing saw the sudden departure of another celebrity from the BBC dance show as the19th series of the show continues. © Who left Strictly ... Read more »

One Of Kim Kardashian's Friends Posted A Video Of Her Rapping And People Are Losing It

© Instagram Kim Kardashian’s friend Tracy Romulus posted a video of her rapping as the Skims mogul celebrates her 41st birthday and fans are losing it on Twitter. Kim Kardashian‘s ... Read more »

Sir Rod Stewart unveils 2022 UK tour dates

Sir Rod Stewart has announced the UK leg of his world tour. © Bang Showbiz Sir Rod Stewart tour poster The 76-year-old rocker is set to hit the road for ... Read more »

Ed Sheeran's fifth album is ready to go

Ed Sheeran’s fifth album looks set to be released in 2022. © Bang Showbiz Ed Sheeran The ‘Shivers’ singer releases his new LP ‘=’ on Friday (29.10.21), but his manager ... Read more »

Mike Tindall announces he's going on tour

© Provided by Daily Mail MailOnline logo Mike Tindall has delighted fans after announcing he is touring the UK with his friends James Haskell and Alex Payne, with whom he ... Read more »

The new etiquette rules for winter: William Hanson tells Lorraine viewers 'not to enter a friend's intimate zone' before checking if they want to hug and to get OFF the train to avoid coughers

Government has so far resisted growing pressure to revert to its winter 'Plan B'It would include bringing back masks and updated work from home guidanceAmid Covid-19 pandemic,  many people remain uncertain about how to act As cases rise, etiquette expert William Hanson shared his top dos and don'tsThis included avoiding people with a cough and whether to offer a hug to friends Read more »

Video: The new etiquette rules for winter: William Hanson tells Lorraine viewers 'not to enter a friend's intimate zone' before checking if they want to hug and to get OFF the train to avoid coughers

Read more »

Video: Is working from home bad parenting? Businesswoman claims not going into the office sets the wrong example for children and likens it to claiming benefits 

Read more »

'I was pinching his hand because I wanted it to move': Aberfan survivor who was buried in a classroom next to a dead classmate shares her minute-by-minute account in podcast re-examining the tragedy that killed 144

Survivors of the Aberfan disaster share their stories in a new BBC podcastGerald Kirwan, Gaynor Madgwick and Jeff Edwards were among those rescued from the rubble of Pantglas Junior School when coal waste tip collapsed in 1966Jeff tells how he was haunted for years by the face of a dead classmateGaynor lost her two siblings in the tragedy and was saved by a radiator  Read more »

Redmi Note 11 Pro may come powered by MediaTek Dimensity 920, appears on Geekbench

Redmi has announced to launch its Note 11 series in home country China on October 28. The series will likely consist of Redmi Note 11, Redmi Note 11 Pro and ... Read more »

Aston Villa sent 'really tough' warning after £99m announcement

Football finance expert Kieran Maguire has been discussing the state of Aston Villa’s finances. Back in April, Villa announced that they had recorded a £99 million loss for the 2019-20 ... Read more »

Never mind Salah: “Intense” £90k-p/w LFC gem who made 2 key passes was vital yesterday - opinion

© Provided by Football FanCast Premier League – Manchester United v Liverpool Liverpool were on cloud nine yesterday after demolishing their bitter rivals Manchester United 5-0 at Old Trafford and ... Read more »

'We need to write history' - Salah reveals Liverpool's half-time talk at Manchester United

Liverpool attacker Mohamed Salah has revealed they were keen to write history at Old Trafford in the Premier League assignment against Manchester United. An initial brace from the Egyptian and strikes ... Read more »

This 'No Time To Die' Advent Calendar Is The Ultimate Gift For Bond Fans

© Selfridges To celebrate the long-awaited release of No Time To Die, Selfridges has released a ’12 Days of Bond’ advent calendar, and we think it’s the perfect gift for ... Read more »

Cop26: World leaders urged to act or public will ‘never forgive' them, says Lord Deben

World leaders have been urged to seize their place in history as the generation who saved the planet but were warned if they fail to act now their populations will ... Read more »

Busy Lizzy meets Big Lizzy: Foreign Secretary Truss lands on warship

© Provided by Daily Mail MailOnline logo Foreign Secretary Liz Truss looked ready for battle as she landed on the HMS Queen Elizabeth warship this weekend – as it was ... Read more »

Oil, mining stocks lift FTSE 100; HSBC hits 4-month high after results

By Bansari Mayur Kamdar © Reuters/Toby Melville A street cleaning operative walks past the London Stock Exchange Group building in the City of London financial district, whilst British stocks tumble ... Read more »

Forecasters: California storm could bring 'historic' rain

California Storms ((c) Marin Independent Journal) A powerful storm roared ashore Sunday in Northern California flooding highways, toppling trees and causing mud flows in areas burned bare by recent fires ... Read more »

Climate change: Global-warming greenhouse gas levels in atmosphere hit record high

If emissions continue to increase, so will global temperatures and weather extremes such as intense heat and rainfall, ice melt, sea-level rise and ocean acidification, UN scientists have warned. Read more »

The lion cub even the king of the jungle could not protect: Leopard snatches young animal and EATS it

A 160-pound leopard snatched a three-week-old lion cub from its mother in Ruaha National Park, Tanzania The lion cub was visibly frightened as it was taken away and its mother shocked as the leopard ate her babyThe scene was snapped on camera by Canadian lawyer Scott Hyman, 54, in the East African country Read more »

'You have let yourself go a bit babe:' John Terry's wife Toni shows off her taut abs as she poses beachside in a black bikini... while he jokes that she should 'get back in the gym!'

She has worked hard to gain her impressive gym-honed figure. And Toni Terry showed off her incredible physique as she shared a sizzling bikini snap to Instagram on Sunday whilst ... Read more »

Danny Cowley gives his main takeaways from Portsmouth's 2-2 draw at Accrington Stanley

© Provided by Football League World danny cowley Danny Cowley was under pressure in the Portsmouth hotseat when his side arrived at Accrington Stanley on Saturday. Pompey took an early ... Read more »

Chelsea FC vs Southampton: Prediction, kick off time, TV, live stream, team news, h2h results

Chelsea’s quest for more silverware under Thomas Tuchel continues on Tuesday night as they host Southampton in the last-16 of the Carabao Cup. © ES Composite EFLCarabaoChesleaSouthampton21R16.jpg The Blues lifted ... Read more »

Hawaii to welcome vaccinated tourists from November

© Copyright 2020 The Associated Press. All rights reserved. Covid cases have fallen on the islands – Copyright 2020 The Associated Press. All rights reserved. Hawaii has announced that fully ... Read more »

Handmade Hong Kong: 5 traditional arts and crafts to try and buy

© Wanderlust 1. Slippers  © Provided by Wanderlust Embroidered silk slippers (Alamy) Once a status symbol, slippers have been worn in Hong Kong for centuries. Traditionally, women embroidered silk at ... Read more »

Record 325,000 booster jabs given in one day as Sunak says no to Plan B

People receive Covid-19 booster vaccinations in Derby (PA ) A record 325,000 booster vaccines were administered in England on Saturday while the government has ruled out implementing Plan B restrictions. ... Read more »

So far, Eternals has the worst MCU Rotten Tomatoes review average since Thor 2

Marvel’s Eternals hasn’t drawn the same level of critical enthusiasm we usually see reserved for the Marvel movies so far. At the time of writing, after 41 reviews – meaning ... Read more »

BREAKING UK Petrol prices hit record high of £1.42 a litre - adding £15 to cost of filling a car

The average price of petrol has hit a new record high of 142.94p, adding £15 to the cost of filling up a family car. RAC Fuel Watch data shows the ... Read more »

A Wyoming farewell for Marine killed in Afghanistan bombing

Afghanistan-Bombing US Troops Wyoming (ASSOCIATED PRESS) Dozens of U.S. fellow Marines joined hundreds of Wyoming residents to bid a final farewell at a memorial for Rylee McCollum, one of 13 ... Read more »
On free-english-test.com you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic