Novata, an ESG data platform built for the private markets, and S&P Global Market Intelligence, a provider of information services and solutions to the global markets, have formed a strategic partnership to provide private market investors with a holistic data solution that simplifies the process of collecting both financial and ESG data.
Through this partnership, Novata’s platform will be made available for S&P Global Market Intelligence customers to bridge their ESG data with financial data in order to provide a single source of insights. This proposed integration will help market participants make informed decisions about how ESG drives financial outcomes, and enable transparent communication to investors, auditors, boards and other key stakeholders. The platform is intended to be made available through S&P Global Market Intelligence’s iLEVEL offering, a leading portfolio monitoring software solution that enables General Partners (GPs) and Limited Partners (LPs) to streamline financial data collection.
Novata’s platform provides customers with a clear starting point for selecting relevant ESG metrics, painless data collection into a secure database, along with both analytics to inform investment decisions and reporting capabilities for key stakeholders. The integration with iLEVEL’s platform will enable private market investors to manage their financial and ESG data all in one place and assess the financial materiality of ESG data.
