Novata, Insight Partners to Boost ESG in Private Markets

Novata, a public benefit corporation, has announced that Insight Partners, a private equity and venture capital firm based in New York, has joined Novata's General Partner Advisory Committee (GPAC).

Novata is a leading ESG data management platform designed for the private markets. It gives customers an easy way to choose ESG metrics, a safe way to collect data, and data insights and analytics tools that can help them make decisions about their investments.

GPAC is a group of top private investment firms that deal in ESG and offer advice and suggestions on ESG issues, such as measurement and benchmarking tools for ESG. Insight Partners has joined the GPAC and agrees with Novata's goal of making it easier for private markets to collect ESG data.

“Insight believes that proactive ESG management is consistent with our aims of supporting our portfolio companies in their scale up journeys and achieving superior risk-adjusted returns for our investors,” said Mike Hinkley, Senior Manager at Insight Partners. “To further our ESG objectives, we need to track accurate, comparable and actionable ESG data from our portfolio companies - so Insight Partners is proud to be joining the Novata GPAC to advance industry best practices for ESG data management.”

Novata's platform is designed for private markets and provides a simple solution for firms to address the growing demand for increased ESG data transparency from regulators, investors, customers, and employees.

“Novata is committed to providing our clients with effective ESG data collection and benchmarking tools to increase transparency in the private markets,” said Alex Friedman, CEO & Co-Founder of Novata. “We are grateful that Insight Partners is joining the Novata GPAC to ensure our solutions are informed by leaders in the field.”

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Source: BUSINESS WIRE

For more information about Novata's GPAC, click here.