IQ-EQ announces ESG alliance with Novata
IQ-EQ has announced its ESG strategic alliance with Novata, which aims to drive positive change for ESG reporting within private markets.
Novata is a technology platform and public benefit corporation that provides private markets with comprehensive ESG solutions. Together with global investor services group IQ-EQ, the alliance will help portfolio companies to report the highest quality data to investors and thus drive positive sustainable change.
The Novata platform will sit at the center of IQ-EQ’s four-pillared ESG offering. The platform will enable asset managers and investors to identify the ESG framework and metrics best aligned to their sustainability strategy and to benchmark results against the market and peers. The analytical tools provided by Novata include the broadest collection of ESG benchmarks in the private market, allowing for the production of actionable insights to drive ESG performance.
IQ-EQ Group Chief Commercial Officer Emma Crabtree commented: “ESG reporting requirements have become more stringent than ever. In response, this alliance highlights our commitment to innovation and providing our clients with the most up-to-date technology to efficiently solve ESG challenges. With our new and evolved offering, asset managers, investors and portfolio companies can now gain better data and improved strategic clarity. This will facilitate better reporting for both investors and regulators, better risk management, access to deeper capital pools and, most importantly, a more sustainable future.”
Co-Founder and President at Novata Scott Kennedy also commented on the newly announced alliance and added: “Technology and innovation are central to meeting the evolving challenges for private markets and ESG transparency. Our alliance with IQ-EQ is unique, as our platform will be integrated with their existing ESG expertise that already constitutes a widely respected ESG offering for private markets. We are thrilled to be working with IQ-EQ to continually innovate to meet the challenges our clients are facing in the context of increasingly complex regulatory and investor demands.”
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