The startup offers impact reporting software that enables organizations to quantify the effectiveness of their corporate social policies and community engagement through data analytics. This technology allows corporations and governments to monitor their social impact and enhance stakeholder trust by providing measurable insights into their progress.
Funding
$250K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many organizations struggle to accurately and credibly report their social and Indigenous impact due to complex data collection processes and a lack of standardized tools. This can lead to inconsistent reporting, potential legal risks, and a lack of trust from stakeholders.
Solution
Nisto provides a technology platform and standardized reporting framework that enables organizations to create credible, comparable, and auditable social impact reports. The platform streamlines the collection and analysis of data related to procurement, employment, and community benefits, ensuring accuracy and compliance. Nisto's approach is built on unaltered, raw accounting data and is developed on the Pehta Framework, which ensures ethical data collection and industry best practices for data transmission and storage. Nisto offers various project statements, including sensitive, general, aggregated, and custom reports, to meet diverse client needs. By using Nisto, businesses can demonstrate their commitment to transparency and accountability, enhancing trust with communities, clients, and the market.
Target Audience
Nisto's primary customers are organizations across various industries, including electrical contractors, construction companies, and consulting firms, who need to report their social and Indigenous impact to clients and stakeholders.
Features
- **Nisto Project Statements:** Industry-standard reports providing comprehensive analysis across procurement, employment, and community benefits.
- **Nisto Enterprise:** An integrated, real-time platform for enterprise clients, offering seamless access to data and comprehensive insights.
- **Nisto People:** A tool for organizations to create space for their employees to share their unique diverse identities anonymously.
- **Nisto Marketplace:** A platform connecting businesses looking to make a positive impact with suppliers that share their values.
- **Nisto Portal:** A secure platform for sharing raw accounting data and receiving enhanced Social Impact statements.
- **Pehta Framework Integration:** Developed on the auspices of the Pehta Framework, ensuring meaningful and thoughtful processes.
- **Diverse Identity Survey:** Enables organizations to understand and optimize their social impact by collecting diverse identity data from employees.