Diginex has entered into a Joint Venture Framework Agreement with Brazil’s State of Mato Grosso and local partner BGlobal to advance a structured digital ESG and decarbonization infrastructure for export-oriented industries. The collaboration is designed to strengthen sustainability reporting, enable MRV-ready data, and support traceability through a digital “green passport” approach, beginning with a pilot in the beef sector.

The initiative takes shape as Brazil’s decarbonization economy continues to expand. Market estimates cited by the partners value the country’s decarbonization market at approximately $43.1 billion in 2024, with projections reaching $76.8 billion by 2030. Over the same period, sustainability management software, including carbon accounting and reporting tools, is expected to more than double in size, reflecting growing demand for verifiable ESG data.

A Strategic Region for Global Supply Chains

Mato Grosso is one of Brazil’s most consequential states for agriculture and natural resources, covering more than 900,000 square kilometers. It plays a central role in global food supply chains while maintaining around 60 percent of its territory under conservation, placing it at the intersection of commodity production, biodiversity protection, and climate risk.

As international buyers and regulators increase scrutiny of land use, emissions, and deforestation exposure, transparency has become a competitive requirement for exporters. The framework agreement responds to this shift by focusing on digital data infrastructure aligned with internationally recognized ESG standards. The goal is to enable consistent reporting, auditable emissions data, and sector-specific measurement tools that can support both compliance and strategic decision-making.

The partners emphasized that the framework is not itself a carbon credit mechanism. Instead, it is intended as an enabling layer that improves governance, measurement, and verification. Any future market-based carbon or nature finance activities would require separate agreements and dedicated oversight.

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Building MRV-Ready Data and Governance

Diginex and its subsidiary PlanA.earth contribute expertise in emissions accounting and ESG reporting, while BGlobal brings local coordination, stakeholder engagement, and institutional interface within Brazil. For the Mato Grosso state government, the initiative complements existing sustainability efforts, including the Passaporte Verde program, which is aimed at strengthening export credibility in international markets.

Miles Pelham, Chairman of Diginex, said the agreement reflects an ambition to support sustainability at scale through disciplined governance and credible data systems. He described Mato Grosso as a globally significant region where robust ESG infrastructure can play a constructive role in aligning economic activity with climate and environmental priorities.

Marta M. DeVito, Managing Director and Chief Executive Officer of BGlobal, highlighted the state’s potential to lead in sustainable development. She noted that combining strong local engagement with globally recognized ESG and reporting capabilities creates a foundation for transparency, traceability, and long-term value creation across key sectors.

Implications for Companies and Capital Markets

For companies operating in Mato Grosso, the pilot offers a pathway to measure and disclose sustainability performance in a consistent and internationally comparable way. This is becoming increasingly important as climate-aligned buyers, financial institutions, and regulators rely on verified emissions and land-use data to assess risk and compliance.

From an investment perspective, the framework signals a maturation of Brazil’s ESG data infrastructure. Reliable MRV-ready information can influence risk pricing across agriculture and land-use sectors, particularly where deforestation exposure and nature-based initiatives intersect. Credibility and governance discipline are central to whether future environmental outcomes can attract private capital.

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Regional Relevance Beyond Brazil

The approach being tested in Mato Grosso carries wider relevance for other resource-rich regions facing similar pressures. Many jurisdictions must balance export-driven growth with the need to demonstrate climate and biodiversity integrity. By prioritizing standardized data and digital disclosure, the initiative explores whether regional-scale ESG infrastructure can lower compliance costs, improve market access, and create trusted verification pathways across borders.

Implementation will now proceed through a sector-based pilot in beef, with the option to expand into other agricultural and natural resource value chains as governance capacity, stakeholder engagement, and market demand evolve.

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