Company Announcements

Novata Launches Unique Benchmarking Capabilities to Help Companies Contextualize ESG Data

Benchmarking capabilities now available in-platform enable clients to compare ESG data against industry averages and identify opportunities for improvement

Benchmarking tools offer an unprecedented view of ESG performance in private markets

NEW YORK--(BUSINESS WIRE)--Nov. 16, 2022-- Novata, a public benefit corporation and technology platform that provides private markets stakeholders with intuitive and effective Environmental, Social and Governance (ESG) data management solutions, today announced the launch of wide-ranging benchmarking capabilities in-platform to enable Novata clients to contextualize their ESG data and see how they compare relative to industry peers. Novata clients will have access to anonymized industry data that will offer an unprecedented level of detail of ESG performance in private markets.

Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.

Benchmarking ESG metrics helps Novata clients track progress and set well-informed goals. Novata’s in-platform benchmarks are created by aggregating data tracked by relevant peers. Novata’s benchmarking capabilities are powered by thousands of data points drawn from private and public companies; however, all data remains strictly anonymized to ensure data points cannot be associated with specific companies.

“The Novata platform seeks to meet the needs of companies across the ESG reporting spectrum. The first step along the journey is collecting your firm’s ESG data. After companies finish reporting, we have seen that interest quickly shifts towards understanding how the company compares to a relevant peer set,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. “Novata firmly believes that benchmarking is a powerful indicator of ESG progress - it enables reporting firms to drill down into performance gaps and to identify areas for improvement. Benchmarking also provides important contextualization to what the data means across a range of dimensions.”

Since Novata’s successful platform launch in April, Novata has welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.

“While every business is unique and no two companies will follow the exact same path to integrating ESG into operations, our benchmarking capabilities offer Novata clients a credible starting point for measuring their progress,” said Owen Riddall, Chief Product Officer and Co-Founder at Novata. “By using benchmarks to put your data in context, you’ll be better able to understand and prioritize your ESG risks.”

To learn more about Novata’s platform offerings and to schedule a demo, please see here:

About Novata

Novata is a public benefit corporation that enables the private markets to achieve a more sustainable and inclusive form of capitalism. Novata ESG solutions, technology platform and contributory database simplify the processes of selecting reporting metrics; collecting and storing relevant data; conducting analysis; and reporting to key stakeholders, including limited partners and regulators. Novata, a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network, is majority controlled by mission-driven organizations and its employees. For more information, please visit

Katie Stueber

Source: Novata