Partnership between Broadridge and Novisto for the creation of a new platform focusing on managing and reporting sustainability data.
Broadridge Financial Solutions and Novisto Join Forces to Simplify Sustainability Reporting
Broadridge Financial Solutions and Novisto have announced a new partnership to launch an advanced sustainability data management and reporting platform. The collaboration aims to help companies efficiently manage, analyze, and report sustainability data to meet increasing regulatory requirements and stakeholder expectations globally.
The partnership brings together Broadridge's corporate issuer division, serving over 3,400 public companies in the U.S., and Novisto’s enterprise sustainability software. This combination creates a comprehensive solution for sustainability data collection, analysis, and reporting.
The new platform is a response to growing global regulatory activity, with approximately 30 jurisdictions worldwide preparing to implement ISSB (International Sustainability Standards Board) standards. This highlights the need for standardized sustainability reporting.
The integrated platform simplifies ESG (Environmental, Social, and Governance) reporting, addressing rising demand from public companies for robust, compliant, and efficient sustainability disclosures.
Charles Assaf, CEO of Novisto, expressed excitement about the partnership with Broadridge Financial Solutions. He noted a "huge market opportunity" to streamline and simplify sustainability reporting. Assaf described Broadridge as a company known for its expertise and commitment to delivering high-quality corporate issuer solutions. He highlighted Novisto's technological prowess in the sustainability reporting space and Broadridge's transformative data and technology as key strengths of the partnership.
The suite of solutions designed by the partnership aims to simplify the process of collecting, analyzing, auditing, and reporting sustainability data. The new platform includes end-to-end offerings for sustainability data management, peer benchmarking, and strategic consulting.
The partnership is in response to global investor and regulatory focus on sustainable business models. The demand for consistent and standardized sustainability reporting is driving the partnership. The solutions are expected to meet both voluntary and regulatory standards.
Recently, Novisto announced a $27 million financing round in May, aimed at enhancing its sustainability software platform and expanding its international presence. This investment will likely contribute to the development and rollout of the new platform.
The solutions are designed to produce high-quality and investor-ready disclosures, setting a powerful precedent for streamlining corporate reporting processes. The partnership between Broadridge Financial Solutions and Novisto targets the increasing urgency for companies to adopt standardized sustainability reporting aligned with new global regulations.
[1] Broadridge Financial Solutions Press Release, [link to the press release] [2] Novisto Press Release, [link to the press release] [3] BusinessWire, [link to the BusinessWire article] [4] ISSB, [link to the ISSB website]
- The partnership between Broadridge Financial Solutions and Novisto utilizes technology in their advanced sustainability data management and reporting platform, aiming to streamline and simplify ESG reporting for companies worldwide.
- The integrated platform developed by Broadridge Financial Solutions and Novisto employs technology to provide end-to-end solutions for sustainability data management, analysis, and reporting, meeting both voluntary and regulatory standards.
