Northern Trust has partnered with Novat to provide asset servicing clients with access to Novata’s ESG data management software solution.
The partnership aims to grant asset owners a clearer view of the ESG impact of private companies on investment portfolios and simplify the ESG data collection process for investors and portfolio companies. Northern Trust Whole Office will work to facilitate client access to new technologies, services and solutions across the investment lifecycle.
Novata aims to streamline and simplify ESG data management for the private markets. The platform provides clear definitions, guidance for tools for calculating ESG metrics, hands-on support from ESG experts, and benchmarking and analytics services to review data in context and compare to industry peers.
Pete Cherecwich, president of asset servicing at Northern Trust says: “As the demand for ESG data continues to grow, we believe Novata's industry-leading technology platform will be a valuable tool for private market investment firms to evaluate and manage their ESG risks and opportunities.
“Through our Whole Office partnerships, Northern Trust clients across the globe can access advanced technology, skills and services designed to help them make more informed decisions.”
Alex Friedman, CEO and Co-Founder of Novata, comments: “The Novata platform offers an enterprise solution for private market investors to collect, store, analyse and report on relevant ESG data, equipping its users to meet their sustainability challenges with ease and confidence.”
