Diginex (DGNX) Launches AI-Powered Tool for Carbon Accounting

Diginex Limited (NASDAQ:DGNX) is one of the 12 Best Performing Stocks in the Last 3 Months. On October 14, Diginex Limited (NASDAQ:DGNX) announced the launch of diginexGHG, an AI-automated solution that helps companies measure their carbon footprint.

This solution is certified according to the Greenhouse Gas Protocol, a well-known method created by the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD), which offers guidelines on how businesses can measure their greenhouse gas emissions.

20 Most Sustainable Companies in the US

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According to the report by Diginex Limited (NASDAQ:DGNX), the market for global carbon accounting software is witnessing strong growth. It is projected to grow from $18.56 billion in 2024 to $51.64 billion in 2029 at a compound annual growth rate of 22.9%. This growth is supported by the demand for scalable tools that can help measure, report, and reduce emissions due to climate change. Stringent regulations are also transforming corporate landscapes at the same time.

Diginex Limited’s (NASDAQ:DGNX) diginexGHG integrates with existing business systems and automates carbon management while also ensuring companies comply with reporting rules.

Diginex Limited (NASDAQ:DGNX) is a regulatory technology company that provides software and services to help businesses and governments to streamline their Environmental, Social, and Governance (ESG), climate, and supply chain data collection and reporting.

While we acknowledge the potential of DGNX as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DGNX and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.