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- Novata expands its platform to help private companies manage ESG data, carbon accounting, and regulatory compliance.
- New offering includes a solution tailored for the CSRD to ease reporting and compliance challenges.
- Novata combines technology with expert advisory services, delivering comprehensive sustainability support.
Novata Expands with New Sustainability Tools for Private Companies
Novata, a leader in sustainability management for private markets, has launched “Novata for Companies,” a new platform designed to help private companies navigate sustainability challenges. This expansion responds to the rising demand for robust sustainability solutions, including ESG data management, carbon accounting, and compliance with regulations like the Corporate Sustainability Reporting Directive (CSRD).
Meeting a Growing Need
Private companies face increasing pressure from investors, supply chains, and regulators to manage and report on ESG (Environmental, Social, and Governance) data. Novata’s new offering provides tools to meet these demands, including:
- Sustainability Management Solution: A secure workspace for collecting, storing, and collaborating on ESG data.
- Carbon Navigator: A digitized tool to measure carbon emissions across Scopes 1, 2, and 3.
- CSRD Solution: Tools to simplify CSRD compliance, including data management and advisory support.
“We’ve spent the last three years building a best-in-class data management platform that investors trust, and now we’re excited to bring that same level of innovation and reliability to private companies,“ said Alex Friedman, CEO & Co-Founder of Novata. “Our goal is to help these companies tackle the hardest challenges in sustainability with confidence.”
Expert Advisory for Sustainability
In addition to technology, Novata offers expert advisory services. This support helps companies, whether they’re just beginning their sustainability journey or looking to advance existing initiatives. Novata’s advisory services are customizable, ensuring that companies receive guidance tailored to their specific needs.
Mark Fischel, Head of Product for Companies, highlighted the growing complexity of sustainability demands: “Whether it’s providing data to investors or responding to the increasingly onerous regulatory landscape, sustainability teams have never been busier! We are confident that by integrating our technology and expert advisory services, companies will save time, enhance collaboration, and drive sustainability up their business agenda.”
Related Article: Data Centers to Emit 2.5 Billion Tons of CO2 by 2030, Driving Demand for Decarbonization Solutions, Morgan Stanley Report
Trusted by the Industry
Since its commercial launch in 2022, Novata has become a trusted partner for hundreds of General Partners (GPs) in private equity, growth equity, private credit, and venture capital. The platform is used by more than 8,000 companies worldwide, managing over $10 trillion in assets.
Novata’s mission is clear: to empower private markets to create a more sustainable and inclusive form of capitalism.