Partnership between S&P Global and Novata broadens, aiming to simplify the management of sustainability data.
In a significant move to help companies navigate the rapidly evolving ESG landscape, S&P Global Sustainable1 and Novata are strengthening their partnership. This collaboration aims to deliver integrated sustainability data management solutions that will empower asset owners and managers to track carbon, meet disclosure obligations, and benchmark performance in a comparable manner across geographies.
The partnership builds upon S&P Global's early role in supporting Novata's launch in 2021, alongside the Ford Foundation, Hamilton Lane, and Omidyar Network. Alex Friedman, CEO and Co-Founder of Novata, expressed that the integration with S&P Global will equip organizations of every size to act decisively on sustainability.
The platform, designed to capture data aligned with the EU's Corporate Sustainability Reporting Directive (CSRD), the International Sustainability Standards Board (ISSB) framework, and California's new climate disclosure requirements, will allow clients to calculate Scope 1, 2, and 3 emissions using Novata's Carbon Navigator tool and S&P Global Trucost data.
Novata will serve as the technology partner for S&P Global's sustainability-focused business unit. Leanne Todd, Head of Energy Transition, Sustainability & Services at S&P Global Commodity Insights, stated that S&P Global Sustainable1 is committed to providing essential sustainability intelligence.
The collaboration between S&P Global and Novata is highlighting the convergence of the ESG data ecosystem around integrated platforms. Novata sees the integration with S&P Global as critical to building resilience across asset classes. The platform promises to ease compliance burdens by capturing audit-ready data aligned with multiple regulatory regimes.
The partnership is backed by institutional investors and foundations, and the expansion of their collaboration illustrates how market participants are adapting to a new era in which sustainability data is no longer optional, but central to both regulatory compliance and value creation.
As regulators move to enforce stricter standards, and investors demand transparent, comparable data, tools that reduce complexity in sustainability reporting, like the one offered by S&P Global and Novata, will carry significant weight for corporates with cross-border operations.
The collaboration between S&P Global and Novata is underscoring the growing role of private markets in shaping ESG disclosure practices, a space historically dominated by public companies. By targeting carbon calculations, regulatory compliance, and performance benchmarking, S&P Global and Novata are positioning themselves as critical infrastructure for the next stage of corporate sustainability.
The partnership with institutions like Deutsche Bank for financing their collaboration efforts further underscores the importance and necessity of this collaboration in the current climate. Novata's integration with S&P Global is critical to building resilience across asset classes and shaping the future of sustainability reporting.
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