Novata selects ERM for ESG data partnership

09 May 2023 3 min. read
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Global sustainability consultancy ERM has been picked for a new partnership with data management platform Novata. The collaboration will help provide Novata’s clients with actionable insights to boost their ESG efforts.

Kushal Mashru, Head of Strategic Partnerships at ERM said, “ERM is continuing to develop its ecosystem of partners across each key area of the sustainability value chain, and our partnership with Novata reflects the growing demand we are seeing for enhanced management and measurement of ESG performance. We look forward to working with Novata to help more organisations use data to accelerate progress and deliver on their sustainability goals.”

Founded with the mission to help enable a more sustainable and inclusive form of capitalism, Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, Microsoft, S&P Global, Omidyar Network, and more than a dozen private equity firms and pension funds. Its core focus is supplying ESG data management platform that empowers private companies to collect, analyse, benchmark and report relevant ESG information.

Novata selects ERM for ESG data partnership

According to ERM’s website, it is the world’s largest pure play sustainability consultancy. As such, ERM’s sustainability services – spanning strategic transformation and technical delivery capabilities – are well-placed to complement Novata’s data management and analytics platform, helping supply private companies and their owners with the insights required to enhance ESG decision-making and reporting, and deliver on their sustainability commitments.

Andrew Radcliff, Global Lead for M&A Advisory Services at ERM added, “Effective ESG data management and analysis is more critical than ever for private market companies and investors, as they focus on driving value creation through sustainability performance. Novata brings the highest standards of rigor and transparency to ESG data collection, analysis and reporting. ERM welcomes this opportunity to collaborate with Novata to turn that data into the action required for businesses to operationalise sustainability throughout their organisations.”

A growing number of the world’s largest businesses are keen to be seen as committed to net zero drives, with one-third having publicly unveiled campaigns to downscale emissions. However, one of the key barriers for firms currently seems to be accurately measuring what their emissions actually are – with fewer than one-quarter of organisations were well informed on the emissions sources in their supply chain alone.

Working together, ERM CVS, an independent assurance and certification provider which is part of the wider  ERM Group, and Novata will enable companies to gather and analyse the ESG data required to achieve independent assurance of their ESG performance, while helping them satisfy growing stakeholder demands for ESG transparency, meet increasing regulatory requirements and unlock commercial opportunities.

Scott Kennedy, President and Co-Founder at Novata, concluded, “As investor and stakeholder demands for accurate and reliable ESG information increase, Novata’s data management platform plays an important role to enable data collection and analysis in the private markets. Together, ERM CVS and Novata will help clients satisfy transparency requirements by providing high quality data and improving the accuracy and reporting of non-financial information and data.”