Investor services group IQ-EQ announced today a new strategic alliance with ESG-focused technology platform Novata, aimed at providing solutions enabling private markets investors’ portfolio companies to collect and report high quality ESG data.

Novata is a public benefit corporation founded in 2021 by a consortium including S&P Global, the Ford Foundation, asset management firm Hamilton Lane, and social change-focused investment firm Omidyar Network, and supported and advised by several leading private equity firms and pension funds, to provide private markets investors with a solution for ESG measurement, data collection and benchmarking, and enable reporting on ESG data.

Under the new alliance, Novata’s platform will it at the center of IQ-EQ’s ESG offerings, streamlining ESG data collection for IQ-EQ’s strategy and set-up services ESG Set Up, data platform ESG Data Strategy, data collection, aggregation and benchmarking services ESG Data Collection & Management, and its ESG Reporting & Compliance services.

Emma Crabtree, Group Chief Commercial Officer at IQ-EQ, said:

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.”

Scott Kennedy, Co-Founder and President at Novata, 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.”

The post IQ-EQ Partners with Novata on ESG Data Solutions for Private Markets first appeared on ESG Today.

The post IQ-EQ Partners with Novata on ESG Data Solutions for Private Markets appeared first on ESG Today.