Sustainability reporting software provider Novisto announced today the acquisition of carbon management software company Minimum, with the acquisition aimed at enabling the delivery of a comprehensive end-to-end carbon and sustainability platform, according to Novisto.
Founded in 2020, London-based Minimum provides a carbon management platform aimed at simplifying the collection, calculation, and reporting of corporate carbon footprints, enabling large enterprises map complex organizational structures to their emissions data. The company’s solutions include Carbon Atlas, designed to map and manage environmental inventories across large organizations.
Chris Winchurch, CEO and Co-Founder of Minimum, said:
“Our customers value Minimum’s depth and accuracy, but their needs are clear: they want that depth unified within a full ESG platform. Novisto is the ideal partner because they share our obsession with data quality. By embedding our granular carbon intelligence into their market-leading platform, we are providing the digital infrastructure enterprises need to manage sustainability with the same confidence as any other financial function.”
Montreal-based Novisto provides sustainability data management and reporting software for global enterprises, with solutions aimed at enabling companies to collect quantitative and qualitative ESG data, manage sustainability information while adapting to changes in frameworks and standards, and streamline sustainability reporting. The acquisition follows a $27 million financing round last year by Novisto, aimed at enhancing its sustainability software platform and growing its international presence, with the company noting a “huge market opportunity” to streamline and simplify sustainability reporting.
According to Novisto, the transaction will provide it with capabilities across the entire sustainability data lifecycle, from raw ingestion to investor-grade disclosure, enabling the company to meet the need for integrated solutions driven by new reporting regulations such as the EU’s CSRD, the UK’s SRS, and California’s SB 253.
Novisto highlighted in particular Minimum’s flexible data ingestion capabilities, which allow for the integration of information from internal or external systems such as utility providers, enabling the company to offer the ability to transform fragmented, unstructured data into a granular, audit-ready carbon inventory with full traceability.
Charles Assaf, CEO and Co-Founder of Novisto, said:
“Our mission has always been to provide the world’s largest organizations with the same level of rigor for sustainability that they’ve long expected for finance. By embedding Minimum’s specialized carbon technology, we are delivering a unified system of record that allows enterprises to manage their climate impact and regulatory obligations with absolute confidence.”
