• Novisto ranks 15th in Deloitte Canada’s 2025 Technology Fast 50™ with 2,910% revenue growth from 2021–2024.
• The recognition reflects rising global demand for enterprise-grade ESG data management and reporting tools.
• The firm’s strategy aligns sustainability integration with business resilience and investor confidence.

ESG Software Meets a Maturing Market

Toronto-based Novisto has been named one of Canada’s fastest-growing technology companies in Deloitte’s 2025 Technology Fast 50™ program, ranking 15th with 2,910% revenue growth over four years. The award spotlights tech firms that have achieved the highest revenue growth between 2021 and 2024, acknowledging innovation and leadership in a rapidly evolving sector.

Founded in 2019, Novisto provides end-to-end ESG data management and reporting software used by corporates and investors to automate sustainability disclosures and align with emerging standards such as the ISSB and CSRD. Its inclusion in the Fast 50 list situates ESG technology squarely among Canada’s leading innovation drivers, underscoring how sustainability has become a core business priority rather than a compliance exercise.

Shifting From Compliance to Competitive Advantage

Novisto CEO Charles Assaf attributes the company’s success to a changing mindset among global corporates. “While the ESG market is accelerating, it’s also maturing,” he said. “Companies are no longer just looking to tick a box; they want to integrate sustainability into their core strategy. Our growth is a testament to our focus on giving sustainability and finance teams the tools to do exactly that — generate investor-grade data, gain a competitive edge, and build long-term business resilience.”

That positioning reflects a wider shift in the ESG software market. With regulatory pressure intensifying across jurisdictions, from the EU’s CSRD to California’s climate disclosure bills, demand for integrated data platforms that streamline reporting and verify climate claims is expanding rapidly. According to analysts, the global ESG software market is expected to surpass $4 billion by 2027 as companies move toward unified sustainability, risk, and financial reporting systems.

Canada’s Growing Tech and Climate Intersection

The Technology Fast 50™ program, now in its 28th year, celebrates high-growth Canadian technology firms that demonstrate sustained innovation. Eligibility requires companies to have been in operation for at least four years, report a minimum of $5 million in revenue in the latest fiscal year, and invest at least 5% of gross revenues in Canadian R&D.

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By ranking among the top 15, Novisto joins an increasingly visible group of Canadian tech firms bridging finance, climate, and governance innovation. The recognition coincides with Canada’s growing emphasis on climate disclosure and sustainable finance. Federal regulators are preparing to introduce mandatory ESG reporting aligned with international standards, which could further boost demand for digital solutions like Novisto’s.

The C-Suite Takeaway

For executives and investors, Novisto’s recognition is less about a single company’s success than a signal of the ESG data sector’s maturation. As reporting frameworks converge and stakeholders demand verifiable metrics, software platforms capable of translating sustainability into business value are becoming critical infrastructure.

Inclusion in the Fast 50 also confers automatic eligibility for the North American Technology Fast 500™, broadening Novisto’s exposure to cross-border investors and enterprise clients. For Canada’s technology ecosystem, it reinforces the emergence of ESG innovation as a core growth engine — one that links governance, data integrity, and long-term competitiveness in the transition to sustainable business.

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