Watershed and Novata Announce Partnership to Deliver ESG Data Solution to Private Markets

The partnership will provide a holistic solution to help investors decarbonize their portfolios and meet global ESG disclosure requirements

SAN FRANCISCO & LONDON, December 19, 2022–(BUSINESS WIRE)–Watershedthe leading business climate platform, today announced a strategic partnership with Novate, the leading ESG data management platform designed for private markets, to provide private investment firms with a comprehensive ESG solution. This partnership allows clients to benefit from both Watershed’s deep climate expertise and Novata’s breadth of ESG knowledge.

By partnering with Watershed, which offers investors a comprehensive view of their funded emissions, actionable pathways to net zero, and expert climate advisors, Novata clients will have a solution to meet disclosure requirements and investor demands for ESG data transparency. Novata’s ESG data management platform serves thousands of companies owned by private equity, private credit and venture capital firms.

“We are delighted to partner with Novata to help more investors begin the journey of decarbonizing their portfolios. Private markets are essential to the climate transition, but they lack rigorous and comprehensive tools to support this essential work. Together, Watershed and Novata enable effective climate action and substantial value creation for all private investors,” said Watershed co-founder Taylor Francis.

“We are very pleased to partner with Watershed to provide our joint customers with a holistic data solution that addresses both the breadth of the ESG data landscape, as well as the complex process of collecting carbon accounting data under one roof. same roof, said Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata. “We are committed to helping our clients respond transparently to ESG and carbon disclosure requests, and this partnership demonstrates the execution of that mission.”

Watershed financing Analyzes funded issues in minutes, with simplified portfolio integration. Clients can then identify emissions hotspots, model decarbonization strategies, engage their portfolio companies and meet global disclosure requirements. Watershed clients, totaling over $18 trillion in assets under management, include Bain Capital, Thoma Bravo, Baillie Gifford and other large companies.

Novata provides clients with a clear on-ramp to select ESG metrics, simple data collection, and data insights and analytics tools to inform 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.

ABOUT THE WATERSHED: Watershed is the company’s climate platform. Leading companies like Walmart, Airbnb, Stripe, Klarna and Block use our software to run end-to-end climate programs with quantifiable results. Watershed provides granular, audit-grade carbon measurement; one-click disclosure and reporting; and real emissions reduction, all in a single, intuitive, enterprise-grade software platform. Watershed clients have access to our exclusive marketplace of scientifically-approved, high-additionality carbon removal projects and high-quality offsets; in-house climate and policy expertise; and continued support throughout their climate journey. For more information, please visit https://watershed.com/.

ABOUT NOVATA: Novata is a public benefit corporation created to enable private markets to achieve a more sustainable and inclusive form of capitalism. Novata helps private equity firms and private companies more easily navigate the complex ESG landscape by providing a technology platform that simplifies the process of selecting reporting metrics, provides clear and simple guidance for data collection painlessly, hosts a state-of-the-art secure contributory database to store data, and offers unique tools for analysis and transparent reporting to key stakeholders, including sponsors and regulators. Novata was created as a partnership between 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/.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20221219005155/en/


Watershed: Amelia Penniman ([email protected])

Novata: Katie Stueber ([email protected])

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