Novata Enhances Sustainability Platform for Private Companies

Novata Expands Its Platform for Private Companies

Novata, the private markets’ leading sustainability management partner, has unveiled its latest offering, "Novata for Companies." This exciting development is aimed at supporting private companies in effectively managing critical aspects of sustainability, an area that has grown immensely in importance.

Addressing the Growing Need for Sustainability Solutions

Over the past three years, Novata has positioned itself as a trusted leader in sustainability technology, primarily catering to investors. The launch of this new offering is a direct response to the increasing need for reliable sustainability practices among private businesses. In today’s landscape, companies are actively searching for partners to help them track and report their ESG data, ensuring they meet the heightened expectations of investors, suppliers, and regulatory bodies.

Overview of New Features

Novata’s freshly launched offering encompasses several standout features:

• Sustainability Management Solution - A flexible workspace designed for businesses to gather, securely store, and collaborate on their sustainability data.
• Carbon Navigator - An innovative tool that allows companies to measure their Scopes 1, 2, and 3 carbon emissions effectively.
• CSRD Solution - A comprehensive approach to easing the operational hurdles associated with corporate sustainability reporting, utilizing a combination of advanced data management tools and expert advisory practices.

Empowering Businesses with Advanced Technology

“Our three-year journey has focused on creating a data management platform that instills trust among investors,” said Alex Friedman, CEO & Co-Founder of Novata. “We are thrilled to extend that level of innovation and reliability to private companies, helping them address significant sustainability challenges with assurance.”

Leveraging Advisory Services for Enhanced Support

In addition to state-of-the-art sustainability technology, Novata offers advisory services that are integral to its client support strategy. Novata Advisory features a team of seasoned sustainability experts offering tailored guidance to assist businesses at every stage of their sustainability journey. Whether a company is just starting out or aiming to enhance existing projects, Novata’s advisors are equipped to facilitate the achievement of sustainability objectives.

Streamlined Solutions for Increased Efficiency

Mark Fischel, Head of Product for Companies, highlighted the importance of addressing the challenges faced in sustainability today. “Providing accurate data to investors or responding to regulatory demands has made sustainability teams busier than ever. By merging our innovative technology with expert advisory services, we aim to save companies time and elevate sustainability on their business agenda.”

Significant Global Demand and Trust

Since its commercial introduction, Novata has experienced impressive demand from investors for its comprehensive solution that encompasses data management, carbon accounting, and regulatory reporting, along with the most extensive ESG benchmarks for private markets. The platform is widely recognized and utilized by hundreds of general partners across private equity, growth equity, private credit, and venture capital sectors, serving over 8,000 companies globally. With its clients managing assets exceeding $10 trillion, Novata's influence is undeniably substantial.

Commitment to Sustainable Capitalism

Novata is committed to promoting a more sustainable and inclusive form of capitalism in the private markets. Its mission reflects the company’s dedication to empowering businesses to reach their sustainability goals effectively. Clients looking for more information about Novata can learn about their offerings and insights by visiting their official website and following their updates on social media platforms.

About Novata

Novata stands at the forefront of sustainability management in the private markets, assisting both investors and companies in accomplishing their sustainability targets. Its combination of an advanced ESG data management platform and expert advisory services positions Novata as a vital partner for businesses seeking to thrive amidst rising environmental challenges. For further details, individuals can access more information on their website.

Frequently Asked Questions

What is Novata?

Novata is a sustainability management partner for private markets, assisting businesses in achieving their ESG goals.

What features does Novata's new platform offer?

The platform includes a Sustainability Management Solution, Carbon Navigator, and CSRD Solution to streamline ESG reporting.

How does Novata support private companies?

Novata provides technology and advisory services to help businesses navigate sustainability challenges effectively.

What sectors does Novata serve?

Novata serves a variety of sectors, including private equity, growth equity, private credit, and venture capital.

How can companies learn more about Novata?

Companies can visit Novata's website and follow their LinkedIn for the latest insights and information.

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