Diginex and AIKYA Join Forces to Elevate ESG Reporting in Malaysia

Diginex and AIKYA Join Forces to Elevate ESG Reporting in Malaysia

Diginex Limited (NASDAQ: DGNX), a forward-thinking impact technology company specializing in environmental, social, and governance (ESG) solutions, has teamed up with AIKYA, a prominent AI and big data technology firm, to unveil an innovative ESG reporting platform, diginexESG, in Malaysia. This partnership, finalized recently, aims to enhance sustainability practices for Malaysian enterprises, aligning with the nation’s goals for a greener future.

The Collaboration and Its Significance

This alliance promises to transform the ESG landscape in Malaysia by integrating Diginex’s cutting-edge technology—which capitalizes on blockchain and AI-driven analytics—with AIKYA’s robust expertise in technology deployment. Together, the two organizations will empower businesses of all scales to adopt global ESG standards such as the Global Reporting Initiative (GRI), the Sustainability Accounting Standards Board (SASB), and the Taskforce on Climate-related Financial Disclosure (TCFD), while also adhering to local regulatory frameworks like Bursa Malaysia’s Sustainability Reporting Guidelines.

Impact on Malaysian Enterprises

Mark Blick, the CEO of Diginex, expressed enthusiasm about the partnership. He highlighted Malaysia's commitment to sustainable development and reiterated that this collaboration could catalyze growth. By synergizing resources, Diginex and AIKYA will provide tools that help companies streamline compliance and improve transparency. These tools include functionalities for data collection, materiality assessments, and automated report generation, making the ESG reporting process simpler and more intuitive for businesses.

AIKYA’s Role in the Collaboration

AIKYA, known for its work with large-scale financial initiatives, sees the potential in this partnership to reshape the approach enterprises take towards ESG compliance. Ramesh CR, AIKYA's Director, echoed this sentiment by stating that their combined efforts will simplify complex reporting requirements, allowing companies to attract investments focused on sustainability. The integration of sustainability into core business strategies is paramount, and AIKYA aims to support organizations in achieving this objective.

Sustainable Finance Landscape in Malaysia

The introduction of diginexESG comes at a time when sustainable finance is gaining momentum, reflected in the substantial growth of Malaysia’s green bond and sukuk market. With green bonds reaching significant volumes recently, the diginexESG platform is equipped with an ESG Ratings Support Service designed to assist companies in attaining favorable ratings from well-known agencies like CDP and Sustainalytics. This vital support enhances the attractiveness of Malaysian businesses to global investors, fostering a robust environment for ESG-focused investments.

Diginex Limited: A Beacon in ESG Solutions

Operating from London, Diginex Limited embodies a commitment to sustainability and responsible governance. The company leverages blockchain, artificial intelligence, and advanced data analytics to facilitate improve transparency in corporate reporting and sustainable finance practices. Their award-winning diginexESG platform adheres to 17 global reporting frameworks, ensuring clients have comprehensive support from data management to stakeholder engagement.

AIKYA: Empowering Businesses through Innovation

AIKYA Business Solution Private Limited, headquartered in Bengaluru, India, complements Diginex's mission by offering a broad range of technology solutions. The company specializes in digital transformation, software development, and consulting initiatives. With its commitment to fostering growth and operational efficiency, AIKYA positions itself as a reliable partner for businesses navigating the evolving business landscape.

Conclusion and Future Directions

As Diginex and AIKYA embark on this strategic journey, their collaboration aims not only to bolster local businesses but also to contribute meaningfully to Malaysia’s broader sustainability objectives. By enhancing ESG reporting practices, they are empowering Malaysian companies to embrace sustainability, optimize their operations, and foster long-term resilience in the face of global challenges.

Frequently Asked Questions

What is the purpose of the partnership between Diginex and AIKYA?

The partnership aims to launch the diginexESG platform in Malaysia, improving ESG reporting and compliance for local businesses.

How does diginexESG support businesses?

diginexESG simplifies ESG reporting through intuitive tools for data collection, materiality assessments, and report generation.

What ESG standards does diginexESG help companies comply with?

The platform enables compliance with global frameworks like GRI, SASB, and TCFD, alongside local guidelines. 

What is AIKYA's role in this collaboration?

AIKYA brings its expertise in technology deployment, helping to integrate sustainability practices into core business operations.

Why is the launch of diginexESG timely?

The launch aligns with the increasing demand for sustainable finance in Malaysia, particularly in the green bond and sukuk markets.

About The Author

Dedicated Author and financial expert Logan Wright here, 29 years old. After earning an economics degree, I spent a number of years working in different financial industries. My great passion is enabling everyone, from any background or experience level, to understand and be literate in financial matters.

My books and writings are centered on simplifying difficult financial ideas into doable, understandable guidance. Whether it's retirement planning, investing, or budgeting, I want to arm readers with the information they need to make wise financial choices and realize their financial objectives.

Apart from writing, I also frequently post to financial blogs and organize webinars and workshops targeted at enlightening participants about personal finance. Always, my strategy is to offer concise, doable advice that can truly improve people's lives.

Away from work, I like to read, travel, and sample new foods. My goal is to infuse everything I do with the balance that I think is essential to both financial and personal well-being. By my profession, I want to encourage and enable people to confidently and clearly take charge of their financial futures.

Contact Logan Wright privately here. Or send an email with ATTN: Logan Wright as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.