Novata

Novata is a pioneering software company that operates in the Environmental, Social, and Governance (ESG) data management and analytics category, specifically tailored for private markets. Founded in 2021, Novata was created to address a critical gap in ESG reporting and sustainability tracking for private equity firms, venture capitalists, and privately held companies. Unlike traditional ESG platforms that focus on public companies, Novata’s solution is purpose-built to meet the unique needs of private market participants, offering a comprehensive, secure, and intuitive platform for collecting, analyzing, and reporting ESG data. At its core, Novata provides a cloud-based ESG data platform that enables users to select relevant ESG metrics, gather data from portfolio companies, benchmark performance, and generate reports aligned with global standards. The software supports frameworks such as SASB, GRI, PRI, and Invest Europe, ensuring that users can comply with evolving regulatory requirements and investor expectations. Novata’s platform is designed to be user-friendly, with built-in guidance and guardrails that simplify the ESG data collection process, even for companies with limited sustainability expertise. One of Novata’s standout features is its Carbon Navigator, a specialized tool that allows companies to measure and manage their carbon footprint. It supports Scope 1, 2, and 3 emissions tracking, offers science-based target setting aligned with SBTi, and generates audit-ready reports for stakeholders. This tool is particularly valuable for firms preparing for compliance with regulations such as the EU’s Corporate Sustainability Reporting Directive (CSRD), which requires detailed carbon disclosures and double materiality assessments. Novata’s platform includes workflows specifically designed to meet CSRD and ESRS requirements, helping companies streamline their compliance efforts. Novata also offers a contributory ESG data database, which aggregates anonymized data from thousands of companies. This enables users to benchmark their ESG performance against peers in both public and private markets, providing valuable insights for strategic decision-making. The platform currently supports over 10,000 contracted companies and represents more than $13 trillion in assets under management (AUM), reflecting its rapid adoption and growing influence in the private market ESG space. In addition to its software capabilities, Novata provides advisory services to help clients develop and execute ESG strategies. These services include carbon accounting, regulatory readiness assessments, and ESG data strategy consulting. By combining technology with expert guidance, Novata ensures that clients not only meet compliance requirements but also unlock long-term value through sustainability initiatives. Novata’s founding consortium includes influential organizations such as S&P Global, Microsoft’s Climate Innovation Fund, the Ford Foundation, Hamilton Lane, and Omidyar Network. This diverse backing underscores the company’s credibility and commitment to building a more inclusive and sustainable form of capitalism. Novata is structured as a public benefit corporation and is a certified B Corporation, reflecting its dedication to social impact and ethical business practices. The company’s internal culture emphasizes values such as integrity, agility, togetherness, and longevity. It fosters a diverse and inclusive workplace, with employee resource groups supporting communities including Black employees, LGBTQIA+, women, and caregivers. This values-driven approach resonates with clients and partners who prioritize authenticity and purpose in their ESG efforts.

Novata’s competitive edge lies in its exclusive focus on private markets, a segment often underserved by traditional ESG platforms. Unlike many competitors that cater primarily to public companies, Novata tailors its solutions to the unique challenges faced by private equity firms, venture capitalists, and privately held businesses. This specialization allows Novata to offer more relevant metrics, workflows, and advisory services that align with the operational realities of private market participants. A key differentiator is Novata’s contributory database, which aggregates anonymized ESG data from thousands of companies. This enables clients to benchmark their performance against both public and private peers, offering insights that are otherwise difficult to obtain. The platform’s benchmarking capabilities are powered by over 17,000 sustainability benchmarks, giving users a robust foundation for strategic decision-making.

• Small Businesses (1-99)
• Mid Market (100-500)
• Enterprise (500+)