LOADING

Type to search

Novata and Climate Neutral Announce Partnership to Provide Private Companies with Carbon Data Solution Through Integrated Emissions Estimator

Novata and Climate Neutral Announce Partnership to Provide Private Companies with Carbon Data Solution Through Integrated Emissions Estimator

Novata, the leading ESG data management platform built for the private markets, and Climate Neutral, a pioneering 501(c)(3) nonprofit organization working with brands and consumers to eliminate greenhouse gas emissions, today announce a strategic partnership to provide the private markets with a holistic ESG solution that simplifies the process of collecting carbon data. Climate Neutral’s Brand Emissions Estimator (BEE) is now seamlessly integrated into Novata’s platform so that customers can simply and efficiently estimate their total carbon inventory.

“Novata and Climate Neutral are mutually aligned in our goal to help empower companies to move from ESG measurement to action as quickly as possible and getting a handle on the drivers of your carbon footprint is a core step in that process”

Novata’s platform provides customers with a clear starting point for selecting ESG metrics, painless data collection into a secure database, and data insights and analytics tools to inform investment decisions. Climate Neutral’s BEE, which is built to make carbon accounting more widely accessible, is now integrated in Novata’s platform to provide GPs, LPs, and private companies with a low-cost, first-step emissions measurement tool. The integration will enable private companies to tackle the complex challenge of understanding their climate impact and climate risks – an essential component of ESG data collection.

“Novata and Climate Neutral are mutually aligned in our goal to help empower companies to move from ESG measurement to action as quickly as possible and getting a handle on the drivers of your carbon footprint is a core step in that process,” said Josh Green, Chief Operating Officer at Novata. “Together, we aim to meet our customers wherever they are on their ESG journey by giving them access to impactful tools, such as Climate Neutral’s BEE, that make carbon measurement more readily accessible and reduce the time and expertise required to track these key metrics.”

See related articles: Novata Launches Novel Technology Platform to Enable Private Markets to Track ESG Data, Novata Forms Advisory Council of Global Experts to Build Future of ESG for Private Markets

With mounting pressure from regulators, investors, customers, and employees to increase data transparency, the integrated tool is the simple first step for PE firms that are unsure where to begin with carbon data collection. It will empower Novata customers with a better understanding of their climate emissions, thus enabling companies and their investors to find ways to reduce these emissions.

“Our goal is for Climate Neutral to bring action-focused tools to consumers and businesses at a large scale, so that all of them can play a role in advancing solutions to climate change,” said Austin Whitman, CEO of Climate Neutral. “This is an exciting partnership for us, since Novata shares our commitment to impact, and is working in a market that many firms overlook. Together we hope to bring carbon awareness to thousands of companies in the near future, setting them on course to manage emissions appropriately and accountably.”

Designed as a self-service tool, the BEE enables companies to develop a first estimate of emissions, including supply chain impacts, and then go on to conduct deeper analysis. The tool, which is used by hundreds of Climate Neutral Certified companies, provides outputs that allow companies to strategize and plan for investments in avoiding, removing, and reducing emissions. Learn more here.

Source: Novata

Topics

Related Articles

Leave a Comment

Your email address will not be published. Required fields are marked *

LOADING

Type to search

Blog

Integrity Council Approves New Carbon Removal Standards
Jane Goodall, Trailblazing Primate Expert and Conservationist, Passes at 91
Hong Kong Expands $31B Green Bond Program to Fund Climate Projects
EU Postpones Sustainability Reporting Rules for Non-EU Companies
Asia-Pacific Leaders at UN Global Compact Roundtable Push Sustainability
Luxury Clients Shift Toward Quality, Pre-Owned, and Sustainable Goods, EY Survey Finds
Nuveen Takes Majority Stake in Ally Energy Solutions to Accelerate U.S. Decarbonization
TotalEnergies Sells 50% Stake in $1.25B North American Solar Portfolio to KKR
ExxonMobil Secures Contract to Store AtmosClear’s Biomass CO₂ in Louisiana
SBTi Launches First Global Register of Certified Target-Setting Experts
Norges Bank Commits $1.5 Billion to Brookfield’s Global Transition Fund II
Indonesia’s Sovereign Fund Moves Ahead With Waste-to-Energy Buildout
EU Council Approves Simplification of Carbon Border Adjustment Mechanism
EIB Adopts Phase Two of Climate Bank Roadmap, Doubles Adaptation Finance to $32B
Image of official Toronto Climate Week logo nad icon in reverse white text over blue background
PwC Survey Finds Rising Pressure and Value in Corporate Sustainability Reporting
IBM Launches API to Embed Emissions Data into Corporate and Vendor Tools
Founder Group to Build $2.76B Solar and Storage Complex in Sarawak
Germany Delivers Nearly $14 Billion in Climate Finance for 2024
","session_id":"ep-sess-1760763987-6ldrAI64","page_url":"https:\/\/esgnews.com\/novata-and-climate-neutral-announce-partnership-to-provide-private-companies-with-carbon-data-solution-through-integrated-emissions-estimator\/","post_id":"11968","tracking_enabled":"1","original_referrer":"","has_embedded_content":""}; /* ]]> */