Novata

Novata is an ESG (Environmental, Social, and Governance) technology platform developed by Novata, Inc. According to the vendor, Novata aims to empower private markets to achieve a more sustainable and inclusive form of capitalism. It serves a wide range of private market participants, including private equity firms, private credit firms, venture capital firms, limited partners, and private companies. These professionals and industries can utilize Novata to enhance their ESG performance and meet reporting requirements.

Key Features

ESG Metric Selection: According to the vendor, Novata offers a comprehensive library of over 700 ESG metrics, allowing users to select the metrics most relevant to their needs and industry. Users have the flexibility to customize metric frameworks, assign weights and scores to metrics, and validate data integrity.

ESG Data Management: Novata provides a centralized data repository where users can store and manage their ESG data, including financial data, non-financial data, and sustainability reports. The platform facilitates data collection and aggregation from various sources, performs quality checks, and offers data visualization and reporting capabilities.

ESG Services: The vendor states that Novata offers ESG consulting and advisory services to assist users in developing and implementing effective ESG strategies. Users can access training and educational resources, benchmark their ESG performance, and generate standardized ESG reports.

Carbon Data Management: According to the vendor, Novata enables users to track and manage their carbon footprint by collecting and analyzing carbon emissions data across their portfolio companies. The platform captures Scope 1, 2, and 3 emissions, supports carbon reduction strategies, and facilitates carbon reporting and disclosure.

Reporting & Analytics: Novata provides real-time data analytics capabilities, allowing users to analyze and visualize their ESG data and performance metrics through dynamic dashboards and reports. The platform enables performance tracking and monitoring, stakeholder reporting, and regulatory compliance.

Benchmarks: According to the vendor, Novata offers a range of universal benchmarks covering a broad set of ESG metrics. Users can compare their ESG performance against industry standards using these benchmarks. Sector-specific benchmarks tailored to specific industries are also available, allowing users to conduct performance gap analysis and generate benchmark reports.