S&P Global Sustainable1, the sustainability arm of financial intelligence giant S&P Global, has announced an expanded partnership with Novata, a technology platform specializing in ESG data solutions for the private markets. The collaboration deepens an existing relationship between the two firms, with Novata now serving as the exclusive technology partner for S&P Global Sustainable1’s sustainability data management offerings.

Backed by Major Institutions

S&P Global was one of the founding supporters of Novata when it launched in 2021, alongside the Ford Foundation, Hamilton Lane, and the Omidyar Network. The platform was designed to fill a critical gap in ESG reporting for private equity markets by helping general partners and limited partners measure, benchmark, and report on sustainability-related metrics.

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Combining Technology and Sustainability Intelligence

The newly expanded partnership will integrate Novata’s cloud-based ESG data management and carbon accounting technology with the extensive sustainability datasets and analytical capabilities of S&P Global Sustainable1. The goal is to help companies across sectors better understand and manage climate risks, uncover sustainability opportunities, and build long-term organizational resilience.

Leanne Todd, Head of Energy Transition, Sustainability and Services at S&P Global Commodity Insights, emphasized that the collaboration is designed to “meet clients where they are” in their sustainability journeys. By offering flexible, robust tools, the partnership aims to empower businesses to track and report environmental impact with greater confidence and clarity.

Three Core Areas of Integration

At the heart of the expanded collaboration are three strategic solution areas. First, the partnership will focus on advanced carbon accounting, allowing clients to calculate Scope 1, 2, and 3 emissions by combining Novata’s activity-based data inputs with S&P Global’s Trucost emissions data, particularly for large suppliers. Second, the joint offering will assist companies in achieving regulatory compliance, supporting alignment with major global standards like the EU’s CSRD, the ISSB framework, the U.S. VSME rule, and California’s new climate disclosure laws. Finally, the partnership will enable more comprehensive benchmarking of sustainability performance using S&P Global’s Corporate Sustainability Assessment (CSA) framework, with ESG data collection and comparison facilitated through Novata’s platform.

Empowering Private Markets to Act on ESG

Novata CEO and Co-Founder Alex Friedman noted that the integration of S&P Global’s sustainability intelligence with Novata’s digital infrastructure will give organizations of all sizes the tools to act decisively. He described sustainability as both a risk mitigation lever and a source of long-term value creation, arguing that effective ESG management is increasingly a defining factor in business performance.

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Aligning with Market Momentum

The collaboration comes at a time when both regulatory requirements and investor expectations around ESG transparency are intensifying. For private companies in particular, which often operate outside the scope of mandatory disclosures, scalable and credible ESG reporting solutions are in high demand. By combining S&P Global’s credibility in sustainability ratings with Novata’s technical execution in data collection, the two firms are positioning themselves as a one-stop solution for ESG management in both private and public markets.

As climate accountability becomes a competitive differentiator and a compliance necessity, the partnership reflects a broader shift in financial markets: ESG is no longer a side narrative. It is a central pillar of how businesses measure value and resilience in a changing world.

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