Sustainability reporting just got a major upgrade! Broadridge Financial Solutions, a fintech giant, and Novisto, a Montréal-based ESG software star, have joined forces to launch a cutting-edge platform for managing and reporting sustainability data. With global regulations tightening and investors demanding transparency, this one-stop shop simplifies collecting, analyzing, and auditing ESG metrics for over 3,400 companies. Backed by Novisto’s $27 million cash boost, will this duo set the gold standard for corporate green reporting, or face hurdles in a crowded $10 billion market?

What’s the Deal?

Broadridge, serving clients in 100+ countries, and Novisto, fresh off a $27 million funding round, unveiled a platform to tackle the messy world of sustainability reporting. It’s an end-to-end solution—think data collection, auditing, peer benchmarking, and strategic consulting—designed to meet complex rules like the ISSB Standards, adopted by 30 jurisdictions per the IFRS Foundation. Broadridge’s 3,400+ U.S. corporate clients get streamlined tools to produce investor-ready ESG disclosures. “This empowers companies to stay ahead,” says Broadridge’s Ryan Wade. Novisto’s tech, praised by Gartner and Verdantix, pairs with Broadridge’s $10 trillion-a-day transaction muscle, aiming to cut reporting costs by 20%.

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Who’s Feeling the Impact?

Over 3,400 U.S. public companies under Broadridge’s wing—plus global clients in 100 countries—score easier compliance with ESG rules. Finance and sustainability teams, bogged down by 60% manual data work per Deloitte, save time. Investors, managing $120 trillion in ESG assets, get clearer data to spot risks. SMEs in supply chains, hit by 70% of reporting demands, benefit from simplified questionnaires. Novisto’s 50+ enterprise clients, like Bombardier, expand globally.

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Why It’s Awesome?

This platform’s a beast! It slashes ESG reporting time by 30%, per Novisto’s trials, and handles 80% of ISSB metrics automatically. Broadridge’s proxy and governance expertise—7 billion communications yearly—meshes with Novisto’s AI-driven audits, hitting 95% accuracy. The duo’s global reach, from Singapore to New York, aligns with 60% of firms adopting ISSB per IFRS. The catch? Integration costs could hit $500,000 for multinationals, and 20% of SMEs might struggle with tech adoption, per Verdantix.

Why It Matters?

With 80% of investors prioritizing ESG, and $4 trillion in annual compliance costs globally, robust reporting is non-negotiable. The EU’s CSRD and U.S. SEC rules, affecting 50,000 firms, demand audited ESG data—40% of companies lack tools, per PwC. Broadridge-Novisto’s platform could grab 10% of the $10 billion ESG software market, rivaling Diligent’s 25,000 clients.

“This sets a new benchmark,” says Novisto’s Charles Assaf.

What’s Next?

Broadridge and Novisto are rolling out the platform to 500 pilot firms by Q3 2025, targeting 10,000 users by 2027. Novisto’s $27 million will fuel AI upgrades and Asia-Pacific expansion, per CEO Assaf. Broadridge’s $2 billion R&D budget backs cloud scaling for 1 million daily reports. Rivals like Enablon, with $100 million revenue, plan similar AI tools.

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