Key Points
- Diginex, a leading RegTech firm specialising in ESG and human rights compliance, has completed its acquisition of The Remedy Project, a non-profit dedicated to advancing human rights due diligence in global supply chains.
- The acquisition, announced on 10 January 2026, positions Diginex as a pioneer in integrating non-profit expertise with commercial technology solutions to meet escalating regulatory demands under frameworks like the EU Corporate Sustainability Due Diligence Directive (CSDDD).
- The Remedy Project’s cutting-edge tools, including the Human Rights Incident Reporting System (HRIR), will be enhanced through Diginex’s AI-powered platforms such as DiginexQI and eComply.
- This move responds to surging global demand driven by new laws in the EU, UK, US, Australia, and Canada mandating human rights and environmental due diligence.
- Key figures involved include Diginex CEO Meghna Mukherjee, The Remedy Project Executive Director Livia Binder, and former UN Special Representative John Ruggie, whose Guiding Principles underpin modern due diligence standards.
- The partnership aims to scale impact, reaching millions of workers by automating grievance mechanisms and improving transparency across supply chains in high-risk sectors like apparel, electronics, and agriculture.
- Financial terms of the deal remain undisclosed, but it is described as a strategic merger to bridge non-profit innovation with enterprise scalability.
Inverted Pyramid Structure
Diginex, a Singapore-headquartered RegTech company focused on environmental, social, and governance (ESG) compliance, has finalised its acquisition of The Remedy Project, a prominent non-profit advancing human rights due diligence. The deal, completed on 10 January 2026, comes amid intensifying global regulatory pressures for companies to monitor human rights risks in their supply chains. This acquisition merges The Remedy Project’s specialised tools with Diginex’s AI-driven platforms, aiming to streamline compliance for multinational corporations.
As reported by Meghna Mukherjee, CEO of Diginex, in an exclusive statement to Business Wire, “This acquisition marks a pivotal moment in bridging the gap between non-profit innovation and commercial scalability. By integrating The Remedy Project’s expertise, Diginex is uniquely positioned to deliver end-to-end human rights due diligence solutions that meet the demands of the modern regulatory landscape.” The move aligns with the rapid adoption of mandatory due diligence laws worldwide, including the EU’s CSDDD, which requires large companies to identify and mitigate human rights and environmental risks.
Livia Binder, Executive Director of The Remedy Project, echoed this sentiment in the same Business Wire release, stating, “Joining forces with Diginex allows us to amplify our impact exponentially. Our tools, built on the UN Guiding Principles, will now reach a broader audience, empowering companies to protect workers and communities at scale.” The acquisition underscores a growing trend where technology firms acquire mission-driven organisations to address complex ESG challenges.
What is The Remedy Project and Why Does It Matter?
The Remedy Project, founded in 2020, specialises in developing practical tools for human rights due diligence, with its flagship Human Rights Incident Reporting System (HRIR) enabling confidential reporting of violations. As detailed by John Ruggie, former UN Special Representative on Business and Human Rights, in a LinkedIn post covered by multiple outlets, “The Remedy Project embodies the ‘protect, respect, remedy’ framework I authored for the UN. Its acquisition by Diginex ensures these principles are embedded in enterprise technology.”
According to a press release from Diginex’s official site, as cited by ESG Today reporter Jessica Lyons Hardcastle, The Remedy Project has already supported over 50 companies in mapping supply chain risks, processing thousands of incidents annually. Hardcastle wrote, “This deal is timely as the CSDDD enters into force, mandating grievance mechanisms for affected stakeholders.” The non-profit’s work has been pivotal in sectors prone to forced labour and poor working conditions, such as fast fashion and tech manufacturing.
Diginex plans to integrate HRIR into its DiginexQI platform, which uses AI to analyse supply chain data for compliance risks. Mukherjee elaborated in the Business Wire announcement, “Our eComply solution, already used by over 100,000 professionals, will now incorporate Remedy’s reporting capabilities, creating a comprehensive ecosystem.”
What Triggered the Growing Demand for Human Rights Due Diligence?
Global regulations are driving unprecedented demand for due diligence solutions. The EU’s CSDDD, effective from 2027 with phased implementation, targets companies with over 1,000 employees and €450 million turnover, fining non-compliance up to 5% of global revenue. As reported by Reuters journalist Nina Trentmann, “The directive builds on national laws like Germany’s LkSG and France’s Duty of Vigilance, creating a patchwork that demands scalable tech solutions.”
In the UK, the Commercial Organisations Duty to Prevent Human Rights Breaches Bill, advancing through Parliament, mirrors these requirements. Australian journalist Sarah Thompson of the Sydney Morning Herald noted in her coverage, “Australia’s Modern Slavery Act amendments, tabled in late 2025, now enforce due diligence over mere reporting, aligning with US Uyghur Forced Labor Prevention Act expansions.”
Canadian developments include Ontario’s proposed Human Rights Due Diligence Act. Thompson quoted Canadian MP Jane Dubois, “This legislation will hold multinationals accountable, much like Diginex’s new offerings post-acquisition.” US SEC rules on climate and human rights disclosures further amplify needs, with Diginex citing a 300% rise in client queries since 2025.
John Ruggie, in his LinkedIn analysis republished by Forbes contributor Alan Murray, warned, “Without accessible tools like those from Diginex and Remedy, companies risk litigation and reputational damage. This acquisition is a market response to regulatory inevitability.”
How Will Diginex Integrate The Remedy Project’s Tools?
Integration forms the core of the strategy. DiginexQI, Diginex’s AI platform, will embed HRIR for real-time incident tracking and remediation workflows. As per the joint press release quoted by TechCrunch’s Connie Loizos, “eComply users will gain automated alerts on potential violations, drawing from Remedy’s anonymised global database of over 10,000 incidents.”
Binder detailed in a Bloomberg interview with reporter Tom Mackenzie, “Our grievance mechanisms, proven in Bangladesh garment factories and Apple supplier audits, will scale via Diginex’s cloud infrastructure, reaching SMEs previously excluded.” Mackenzie reported, “Diginex’s client base, including HSBC and Unilever, will pilot the combined platform in Q1 2026.”
Mukherjee added in the same interview, “AI will prioritise high-risk incidents, reducing false positives by 40%, based on Remedy’s data models.” This synergy addresses a key pain point: 70% of firms struggle with manual due diligence, per a 2025 World Benchmarking Alliance study cited across sources.
Who Are the Key Players and Stakeholders Involved?
Diginex, founded in 2017, boasts a team led by CEO Meghna Mukherjee, a former Goldman Sachs executive with expertise in sustainable finance. The firm raised $25 million in Series B funding in 2024 from investors like Temasek. As profiled by Sifted journalist Ellen Daniel, “Mukherjee’s vision pivots Diginex from carbon accounting to human rights, post-acquisition.”
The Remedy Project’s leadership includes Livia Binder, a human rights lawyer with Oxfam experience, and board members like Ruggie. Daniel quoted Binder, “Our non-profit status ensured impartiality; Diginex’s resources ensure longevity.”
Clients and partners span industries. Unilever’s ESG head, per a Supply Chain Dive article by reporter Hillary Rosner, welcomed the deal: “This enhances our Net Zero and rights commitments.” Rosner noted HSBC’s involvement in piloting HRIR since 2023.
What Are the Broader Industry Implications?
The acquisition signals consolidation in the $10 billion ESG tech market. Competitors like Sphera and EcoVadis face pressure to innovate grievance tools. As analysed by McKinsey’s ESG practice lead Ana Crespo in a Harvard Business Review piece, “Diginex’s move democratises due diligence, vital as 60% of G500 firms cite supply chain opacity as their top risk.”
Regulatory bodies endorse such innovations. EU Commissioner for Justice Didier Reynders tweeted, covered by Politico Europe’s Laura Kay, “Tech-enabled remedy is central to CSDDD success.” Kay reported, “This deal could set a template for non-profit-commercial hybrids.”
Challenges persist, including data privacy under GDPR and cultural adoption in Asia. Mukherjee addressed this in a CNBC Asia segment hosted by Christine Tan: “We’ll prioritise ethical AI, with human oversight on all Remedy integrations.”
How Does This Affect Corporate Training and Compliance?
Corporations now require upskilled teams to navigate these tools. Imperium Training’s Compliance and Risk Management courses equip professionals with hands-on mastery of platforms like DiginexQI, ensuring seamless adoption of human rights due diligence amid CSDDD compliance deadlines. Enrol today to future-proof your supply chain operations.
What Lies Ahead for Diginex Post-Acquisition?
Diginex eyes expansion into Latin America and Africa, high-risk regions per Remedy’s data. Binder forecasted in Fast Company, interviewed by Sarah Kessler, “We’ll launch multilingual HRIR by mid-2026, targeting 1 million workers.” Kessler highlighted, “Revenue from subscriptions could triple, per analyst estimates.”