Novata Receives Network 20/20 Global Innovators Award for Governance and Institutions

Rhea-AI Summary

Novata, a leading ESG data management platform for private markets, has received the Network 20/20 Global Innovators Award for Governance and Institutions. This recognition highlights Novata’s commitment to sustainable capitalism through technology. Backed by key organizations including S&P Global (NYSE: SPGI) and Hamilton Lane (NASDAQ: HLNE), the platform aids in ESG metric selection, data collection, and investment analysis. The award, accepted by Lorraine Spradley-Wilson, acknowledges Novata's collaboration with industry experts to address ESG challenges. The company aims to simplify ESG data management for private markets.

Positive

• Recognition from Network 20/20 enhances brand credibility.
• Partnership with prominent organizations like S&P Global and Hamilton Lane suggests strong market positioning.
• Continuous growth in global demand for Novata's ESG platform indicates positive market reception.

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• None.

The award underscores Novata’s commitment to leveraging technology and uniting industry experts to enable a more sustainable and inclusive form of capitalism for the private markets

NEW YORK--(BUSINESS WIRE)-- Novata, the leading ESG data management platform built for the private markets, today announced it received the Network 20/20 Global Innovators Award for Governance and Institutions. The award recognizes organizations that promote solid and sound governance and institutions, through innovative use of technology, training, or other means. This award is a testament to Novata’s commitment to empower private markets to achieve a more sustainable and inclusive form of capitalism.

Backed by a consortium that includes the Ford Foundation, S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE) and Omidyar Network, and with the support of more than a dozen private equity firms and pension funds, Novata is the leading ESG data management platform built specifically for the private markets. The Novata platform provides:

• a clear starting point for selecting ESG metrics
• painless data collection into a secure database
• insights and analytic tools to inform investment decisions.

The award was presented to the Novata team at the 2022 Innovators Awards in Global Affairs and Gala on September 29^th. The event is Network 20/20’s premier event showcasing emerging innovation, global leadership, and people-to-people diplomacy by bringing together prominent global leaders, entrepreneurs, philanthropists, academics, and corporate supporters. Novata’s Chief Impact Officer and Head of ESG, Lorraine Spradley-Wilson, accepted the award at the event.

“Addressing the most pressing issues of our time will require consolidation and alignment on ESG measurement approaches to support the use of industry-standard ESG disclosures, as well as coordination across various businesses, policymakers and NGOs to deliver the most effective solutions,” Lorraine Spradley-Wilson, Novata’s Chief Impact Officer and Head of ESG. “No single player can move the needle on their own, and Novata is focused on making ESG data accessible for the private markets by collaborating with a broad ecosystem of stakeholders to understand the needs and challenges facing the industry.”

Network 20/20’s award also recognized Novata’s commitment to uniting industry experts and thought leaders through their ESG Advisory Council that was formed in 2022. The Novata ESG Advisory Council underscores the company’s operating principles of collaboration, working across sectors, and partnering with key subject matter experts to empower private companies and their investors to address critical ESG challenges.

Since Novata’s platform launch in April, Novata has also welcomed a range of private equity and credit firms to the General Partner Advisory Committee (GPAC) and has experienced significant global demand for its ESG data management platform.

“Our team has been working diligently towards our mission to arm the private markets with the most effective platform to enable ESG data collection,” said Lauren Peat, Novata’s Chief Revenue Officer. “It is inspiring to see the impact the Novata team has driven in under a year’s time, and the Innovators Award is a clear nod to the hard work and progress towards our collective goal.”

To learn more about Novata and its ESG data management platform, please visit www.novata.com.

About Novata

Novata is a public benefit corporation created to enable the private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps GPs and private companies navigate the complex ESG landscape more easily by providing a unique technology platform that simplifies the process of selecting relevant metrics, clear and simple guidance for painless data collection, a cutting-edge secure contributory database to store data, and unique tools for analysis and seamless reporting to key stakeholders, including limited partners and regulators. Novata was formed as a partnership of the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and is majority-controlled by mission-driven organizations and its employees. For more information, please visit https://www.novata.com/.

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View source version on businesswire.com: https://www.businesswire.com/news/home/20221012005404/en/

Katie Stueber

Novata

Press@novata.com

Source: Novata

FAQ

What award did Novata receive and when?

Novata received the Network 20/20 Global Innovators Award for Governance and Institutions on September 29.

Which major firms support Novata?

Novata is supported by S&P Global (NYSE: SPGI), Hamilton Lane (NASDAQ: HLNE), and the Ford Foundation.

How does Novata contribute to ESG data management?

Novata provides a platform for selecting ESG metrics, data collection, and investment analysis to aid private markets.