Novata Creates ESG Advisory Council For Private Markets

Published on: 09 March 2022
by KnowESG
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A Brief Summary

Novata is a technology solution focused on bringing transparency related to ESG for private companies and providing them with easy to understand and effective Environmental, Social and Governance data management solutions. The firm has recently announced the creation of the Novata ESG Advisory Council.

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The council entails experts from the ESG management, mainly from academics, research, public and private company stewardship, impact-driven initiatives, and investment management. 

The newly created council will function independently and advise Novata on several matters, facilitating private companies in navigation, Operationalisation, and extracting value from ESG data.

The founding members of the council are the following:

  • Margot Brandenburg, Senior Program Officer, Mission Investments, Ford Foundation; and Co-Chair of Novata ESG Advisory Council.

  • Dame Elizabeth Corley, Chair of the Impact Investing Institute; former CEO of Allianz Global Investors, and Chair designate at Schroders plc.

  • Pete Dunbar, Head of Private Equity, UNPRI.

  • Robert G. Eccles, Visiting Professor of Management Practice, Saïd Business School, University of Oxford; Founding Chairman of the Sustainability Accounting Standards Board (SASB); Co-Founder of the International Integrated Reporting Council (IRRC); and Co-Chair of Novata ESG Advisory Council.

  • Linda Hill, Wallace Brett Donham Professor of Business Administration and Chair of the Leadership Initiative, Harvard Business School; Co-Founder of Paradox Strategies.

  • John W. McArthur, Senior Fellow and Director, Center for Sustainable Development at the Brookings Institution.

  • Ben Meng, Executive Sponsor of Sustainability, and Chairman of Asia Pacific, Franklin Templeton; Former CIO CalPERS, Deputy CIO at the State Administration of Foreign Exchange (SAFE).

  • Gonzalo Muñoz, President at TriCiclos; Partner at Manuia; CoFounder at SistemaB; United Nations High-Level Climate Action Champion for COP25.

  • Allison Spector, Head of ESG, One Rock Capital Partners.

Dr Eccles, Visiting Professor of Management Practice, Saïd Business School, University of Oxford; and Co-Chair of Novata ESG Advisory Council, said: " The private markets can play a critical role in advancing a more inclusive and sustainable global economy, including reducing carbon emissions. Visibility into the ESG performance of private companies is a precursor to this sector being able to execute the contribution it can and needs to make. Novata and its founding consortium is the collaborative model needed to build the most effective solution.”

Margot Brandenburg, senior program officer, Mission Investments, Ford Foundation; and Co-Chair of Novata ESG Advisory Council, said: " Better measurement and management of ESG performance are central to creating more inclusive capitalism – you can’t manage or improve what you aren’t currently measuring. Novata brings a whole new set of insights and benchmarking tools to the private markets that will lead to meaningful progress in ESG reporting and I am looking forward to working with the team on that journey.”

 Lorraine Spradley Wilson, Chief Impact Officer and Head of ESG at Novata, said: " Driving progress in private markets ESG management requires a unique collaboration among stakeholders to deliver the most effective approach and solutions. We look forward to working closely with the Council to ensure our platform is informed by leading thinkers in the space."

Novata is the top ESG data management created, particularly for the private markets. It is supported by a consortium, including the Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network and backing from several equity firms and pension funds.