Novata

Novata is an ESG and carbon data management platform founded in 2021 and headquartered in New York, United States. It operates as a public benefit corporation formed with the Ford Foundation, S&P Global, Hamilton Lane, and Omidyar Network to give private equity firms and their portfolio companies a common way to collect, benchmark, and report ESG data across private markets.

Portfolio companies use a framework builder to select which ESG and carbon metrics to track, aligned with recognized standards such as the GHG Protocol, TCFD, ISSB, SASB, and CDP. Investors then use benchmarking and visualization tools to compare performance across a fund’s portfolio, identify gaps, and prioritize improvement plans before sharing consolidated reports with limited partners.

1. Framework builder: selects relevant ESG and carbon metrics from recognized global frameworks.

2. Multi-framework alignment: maps data to GHG Protocol, TCFD, ISSB, SASB, and CDP requirements.

3. Portfolio benchmarking: compares ESG performance across portfolio companies within a fund.

4. Data visualization: surfaces trends and gaps through dashboards for deal and ESG teams.

5. Investor reporting: consolidates portfolio-level ESG data for limited partner disclosure.

6. Public benefit governance: operates as a public benefit corporation backed by Ford Foundation and S&P Global.