Novata Introduces ‘Novata for Companies’ to Assist Private Firms with ESG Data Management, Carbon Accounting, and Regulatory Compliance

Novata Expands Platform to Support Private Companies in ESG Data Management, Carbon Accounting, and Regulatory Compliance

Novata has broadened its platform with the launch of “Novata for Companies,” a solution tailored to assist private companies in managing ESG data, carbon accounting, and meeting regulatory requirements such as the Corporate Sustainability Reporting Directive (CSRD). This expansion is a response to the growing demand for comprehensive sustainability tools.

New Features Address Key Challenges

Private companies are increasingly under pressure from investors, supply chains, and regulators to effectively manage and report on ESG (Environmental, Social, and Governance) data. Novata’s new platform offers several key tools, including:

Sustainability Management Solution: A secure workspace for collecting, storing, and collaborating on ESG data.

Carbon Navigator: A digital tool to measure carbon emissions across Scopes 1, 2, and 3.

CSRD Compliance Solution: Tools specifically designed to simplify reporting and compliance with CSRD requirements.

Alex Friedman, CEO & Co-Founder of Novata, stated, “After three years of developing a top-tier data management platform trusted by investors, we’re thrilled to extend that same innovation to private companies. Our aim is to empower these companies to confidently address their sustainability challenges.”

Expert Advisory Services for Tailored Support

Along with its technology solutions, Novata offers expert advisory services to guide companies at various stages of their sustainability journey. These customizable services provide targeted advice, helping companies navigate increasingly complex sustainability demands.

Mark Fischel, Head of Product for Companies, emphasized the growing burden on sustainability teams: “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.”

A Trusted Partner in Private Markets

Since its commercial launch in 2022, Novata has become a trusted partner for over 8,000 companies, managing assets exceeding $10 trillion. The platform is widely used across private equity, growth equity, private credit, and venture capital sectors.

Novata’s mission is to empower private markets to foster a more sustainable and inclusive form of capitalism.