The leading enterprise climate platform, Watershed, and the leading ESG data management platform for private markets, Novata, have announced a strategic partnership to give private investment firms a complete ESG solution.

By partnering with Watershed, which gives investors a full picture of their financed emissions, actionable paths to net zero, and expert climate advisors, Novata clients will have a way to meet disclosure requirements and investor requests for ESG data transparency.

Thousands of companies owned by private equity, private credit, and venture capital firms use Novata's ESG data management platform.

“We are thrilled to partner with Novata to help more investors start the journey to decarbonise their portfolios. Private markets are a key part of the climate change transition, but they haven't had the tools they need to do this important work. Together, Watershed and Novata enable effective climate action and substantive value creation for all private investors,” said Watershed co-founder Taylor Francis.

“We are very pleased to partner with Watershed to provide our shared customers with a holistic data solution that addresses both the breadth of the ESG data landscape and the intricate process of collecting carbon accounting data all under one roof,” said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. "We are dedicated to making it easy for our customers to meet ESG and carbon disclosure requests, and this partnership shows that we are doing that."

With streamlined portfolio onboarding, Watershed Finance can analyse financed emissions in minutes. Then, clients can find hotspots for emissions, model decarbonisation strategies, and meet global disclosure requirements. Among Watershed's clients are Bain Capital, Thoma Bravo, Baillie Gifford, and other top firms with more than $18 trillion in assets under management.

Novata gives customers a clear way to start choosing ESG metrics, an easy way to collect data, and data insights and analytics tools to help them make investment decisions. Novata is a public benefit corporation formed by the Ford Foundation, Hamilton Lane, S&P Global, Omidyar Network, and more than a dozen private equity firms and pension funds.

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Source: Business Wire