Novata and S&P Global Market Intelligence Announce Strategic Partnership to Enable Collection and Management of Financial and ESG Data for Private Market Investors
September 21 2022 - 9:00AM
Business Wire
Partnership provides private markets more
transparency through iLevel, a single source for data collection
and reporting
Novata, a leading 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, today
announced 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 cutting-edge 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.
“Novata and S&P Global Market Intelligence have come
together to empower private companies to better assess the
financial implications of their critical ESG data,” said Scott
Kennedy, President and co-founder of Novata. “Until this point, ESG
data has existed in a vacuum and there hasn’t been a way to
effectively connect ESG and financial data. Through this
partnership clients will now be able to incorporate ESG dynamics
into discount rates to better value companies.”
With mounting pressure from regulators, investors, customers,
and employees to increase data transparency, this partnership will
ease the process for GPs and LPs to collect all the key data
necessary for their stakeholders.
“Our customers want the best of both worlds: all of their
important data, both financial and non-financial, in one place, as
well as a solution that is tailor-made for the unique challenges of
collecting ESG data within the private capital markets,” said
Andrew Eisen, head of Software Solutions at S&P Global Market
Intelligence. “By teaming up, S&P Global Market Intelligence
and Novata are able to provide our customers the trust and
transparency they have been looking for to better manage risks and
opportunities through an integrated solution.”
S&P Global (NYSE: SPGI) is part of the consortium of
organizations that supported Novata upon its launch in 2021.
About Novata
Novata is a public benefit corporation created to enable the
private markets to achieve a more sustainable and inclusive form of
capitalism. Novata helps GPs and private companies navigate the
complex ESG landscape more easily by providing a unique technology
platform that simplifies the process of selecting relevant metrics,
clear and simple guidance for painless data collection, a
cutting-edge secure contributory database to store data, and unique
tools for analysis and seamless reporting to key stakeholders,
including limited partners and regulators. Novata was formed as a
partnership of the Ford Foundation, S&P Global, Hamilton Lane
and Omidyar Network and is majority-controlled by mission-driven
organizations and its employees. For more information, please visit
https://www.novata.com/.
Follow Novata on LinkedIn.
About S&P Global Market Intelligence
At S&P Global Market Intelligence, we understand the
importance of accurate, deep and insightful information. Our team
of experts delivers unrivaled insights and leading data and
technology solutions, partnering with customers to expand their
perspective, operate with confidence, and make decisions with
conviction.
S&P Global Market Intelligence is a division of S&P
Global (NYSE: SPGI). S&P Global is the world’s foremost
provider of credit ratings, benchmarks, analytics and workflow
solutions in the global capital, commodity and automotive markets.
With every one of our offerings, we help many of the world’s
leading organizations navigate the economic landscape so they can
plan for tomorrow, today. For more information, visit
www.spglobal.com/marketintelligence.
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version on businesswire.com: https://www.businesswire.com/news/home/20220921005479/en/
Media Inquiries:
Katie Stueber Novata Press@novata.com
Farhan Husain S&P Global Market Intelligence
farhan.husain@spglobal.com +1 347 213 0065
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