Novata provides a platform for organizations to simplify ESG data collection, manage carbon metrics, and address climate risks. The software facilitates regulatory compliance, such as TCFD and CSRD alignment, by streamlining data workflows and reporting. This enables clients to reduce reporting overhead and focus on driving measurable sustainability impact.
Funding
$51M 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
Private market investors and companies face increasing pressure to collect, analyze, and report ESG data, driven by regulatory requirements like SFDR and CSRD, as well as stakeholder demand for sustainable business practices. Managing this data across diverse portfolios and ensuring compliance with evolving standards is complex and often relies on inefficient methods like spreadsheets.
Solution
Novata provides a comprehensive ESG data management platform and advisory service tailored for private markets, enabling investors and companies to streamline the collection, analysis, and reporting of environmental, social, and governance metrics. The platform offers tools for project management, task management, and collaboration, moving beyond spreadsheets to enhance productivity and data accuracy. Novata's carbon accounting capabilities facilitate the measurement of Scope 1-3 emissions and alignment with PCAF standards, while its regulatory expertise helps navigate and simplify compliance with SFDR, CSRD, and other regulations. The advisory services provide tailored data strategy, regulatory guidance, and carbon solutions designed for measurable business outcomes.
Target Audience
The primary target audience includes private equity firms, venture capital firms, and private companies seeking to improve their ESG performance, comply with regulations, and meet stakeholder expectations for sustainability.
Features
- Secure ESG data collection with metric definitions, difficulty ratings, and built-in calculators
- Project management tools to streamline workflows, manage tasks, and facilitate collaboration
- Analytics and reporting dashboards with benchmarks, data visualizations, and flexible reporting tools
- Carbon accounting features for measuring Scope 1-3 emissions, calculating PCAF scores, and tracking climate targets
- Regulatory navigator to simplify compliance with SFDR, CSRD, EU Taxonomy, and other regulations
- Due diligence tools for deal team spaces, digitized data requests, and real-time data review
- Advisory services providing expertise in ESG strategy, carbon management, and regulatory compliance