Novata, a sustainability management partner for private markets, has announced its expanded platform, “Novata for Companies,” aimed at addressing the growing challenges businesses face in managing environmental, social, and governance (ESG) data, carbon accounting, and regulatory compliance.
The new platform offers several advanced tools designed to simplify sustainability management for private companies. The Novata Sustainability Management Solution provides a flexible workspace where businesses can securely collect, store, and collaborate on sustainability data. The Novata Carbon Navigator enables companies to measure Scopes 1, 2, and 3 carbon emissions with a digitized carbon calculator. Additionally, the CSRD Solution helps businesses navigate the complexities of the Corporate Sustainability Reporting Directive (CSRD) by offering ESRS data management tools, a digitized double materiality solution, and expert advisory services.
Alex Friedman, CEO and Co-Founder of Novata, highlighted the company’s focus on delivering reliable and innovative solutions and said, “We’ve spent the last three years building a best-in-class data management platform that investors trust, and now we’re excited to bring that same level of innovation and reliability to private companies. Our goal is to help these companies tackle the hardest challenges in sustainability with confidence.”
This expansion comes as private companies face increasing pressure from investors, supply chain partners, and regulators to demonstrate sustainability leadership. Novata’s platform also includes advisory services provided by a team of sustainability experts, offering customizable guidance to support businesses at any stage of their sustainability journey.
Mark Fischel, Head of Product for Companies, added, “At Novata, we deeply understand the increased challenges companies are facing when it comes to sustainability. Whether it’s providing data to investors or customers, or responding to the increasingly complex regulatory landscape, sustainability teams have never been busier. We are confident that by integrating our advanced technology and expert advisory services, companies will save time, enhance collaboration, and drive sustainability up their business agenda.”