Personal markets-focused ESG information options supplier Novata introduced at present the acquisition of European sustainability efficiency and reporting platform Atlas Metrics, in a transfer geared toward increasing its international attain to satisfy the rising demand for sustainability information and reporting options.
Based in 2021, Berlin-based Atlas Metrics supplies an ESG compliance and sustainability efficiency administration platform, using automation, AI, safe information sharing, and superior analytics to ease influence communications and measurement for organizations, with a deal with serving to banks, corporations and traders meet rising sustainability-related reporting and compliance necessities.
New York-based Novata was based in 2021 by S&P International, the Ford Basis, asset administration agency Hamilton Lane, and social change-focused funding agency Omidyar Community. Developed in collaboration with basic companions (GPs) and restricted companions (LPs), the platform was designed to supply personal markets traders with an answer for ESG measurement, information assortment and benchmarking, and allow reporting on ESG information.
The mixed firm will assist greater than 400 shoppers and over 13,000 corporations with instruments to gather, report, and act on sustainability information, based on Novata.
Wladimir Nikoluk, CEO of Atlas Metrics mentioned:
“From the beginning, we noticed a pure alignment with Novata, each in mission and in tradition. Atlas Metrics has at all times believed that sustainability administration ought to be easy, scalable, and rooted in expertise. Becoming a member of Novata lets us ship on that perception at international scale, giving our shoppers throughout and past Europe the innovation, effectivity, and belief they want to reach a quickly evolving sustainability panorama.”
In response to Novata, the brand new acquisition will strengthen its European presence, and allow the corporate to deepen its partnerships with monetary establishments and speed up product innovation.
The acquisition follows a latest fundraising spherical by Novata to assist its subsequent part of progress, led by S&P International, and with participation from Hamilton Lane, Motive Ventures, The Ford Basis, and Novata co-founders Alex Friedman and Josh Inexperienced. Novata additionally lately introduced an expanded collaboration with S&P International’s sustainability-focused enterprise unit S&P International Sustainable1, with Novata serving as Sustainable1’s expertise associate to energy sustainability information administration options for shoppers.
Alex Friedman, CEO & Co-Founding father of Novata, mentioned:
“This acquisition is a vital step towards constructing the worldwide chief in sustainability administration. By welcoming Atlas Metrics into the Novata household, we’re delivering on our mission to remodel sustainability information into enterprise resilience. Collectively, we’ve got the dimensions, expertise, and international experience to assist corporations and traders flip ESG information administration, regulatory readiness, and benchmarking into drivers of long-term worth creation.”
