Partnership provides private markets more
transparency through iLevel, a single source for data collection
and reporting
NEW
YORK, Sept. 21, 2022 /PRNewswire/ -- 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.
![(PRNewsfoto/S&P Global Market Intelligence) (PRNewsfoto/S&P Global Market Intelligence)](https://mma.prnewswire.com/media/1138084/S_and_P_Global_Market_Intelligence_Logo.jpg)
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.
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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SOURCE S&P Global Market Intelligence