{"id":14491,"date":"2023-11-20T15:14:11","date_gmt":"2023-11-20T15:14:11","guid":{"rendered":"https:\/\/www.esgtoday.com\/?p=14491"},"modified":"2023-11-20T15:14:13","modified_gmt":"2023-11-20T15:14:13","slug":"novata-adds-sfdr-reporting-capabilities-to-private-markets-esg-data-platform","status":"publish","type":"post","link":"https:\/\/www.esgtoday.com\/novata-adds-sfdr-reporting-capabilities-to-private-markets-esg-data-platform\/","title":{"rendered":"Novata Adds SFDR Reporting Capabilities to Private Markets ESG Data Platform"},"content":{"rendered":"<!--themify_builder_content-->\n<div id=\"themify_builder_content-14491\" data-postid=\"14491\" class=\"themify_builder_content themify_builder_content-14491 themify_builder tf_clear\">\n    <\/div>\n<!--\/themify_builder_content-->\n\n\n<p>Private markets ESG-focused data solutions provider Novata announced the expansion of its platform\u2019s SFDR capabilities, aimed at enabling clients to simplify reporting against European regulatory requirements.<\/p>\n\n\n\n<p>The EU Sustainable Finance Disclosure Regulation (SFDR) establishes harmonized rules for financial market participants on transparency regarding the integration of sustainability risks and the consideration of adverse sustainability impacts in their processes and the provision of sustainability\u2010related information with respect to financial products.<\/p>\n\n\n\n<p>One of the regulation\u2019s key requirements, and among the most challenging for asset managers, is for reporting on Principal Adverse Impact (PAI) that investment decisions have on a broad range of sustainability factors, such as climate and environment, as well as social and employee matters, respect for human rights, anti-corruption and anti-bribery aspects.<\/p>\n\n\n\n<p>Novata is a public benefit corporation founded in 2021 by a consortium including S&amp;P Global, the Ford Foundation, asset management firm Hamilton Lane, and social change-focused investment firm Omidyar Network, and supported and advised by several leading private equity firms and pension funds, to provide private markets investors with a solution for ESG measurement, data collection and benchmarking, and enable reporting on ESG data.<\/p>\n\n\n\n<p>With the expansion of the platform\u2019s capabilities, Novata\u2019s SFDR solution now includes data collection aligned with SFDR requirements, a PAI Automation Tool enabling calculation, aggregation and reporting on PAI indicators at the fund and entity level, as well as expert guidance to enhance SFDR alignment, support and insights, as well as educational resources on required metrics, regulatory updates, and reporting best practices for the SFDR reporting process.<\/p>\n\n\n\n<p>Josh Green, Chief Operating Officer and Co-Founder at Novata, said:&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<\/p>\n\n\n\n<blockquote class=\"wp-block-quote\">\n<p>\u201cSFDR reporting is an evolving process, and the pressure on investors to ensure compliance is high. While navigating the complexities of SFDR can seem overwhelming, Novata\u2019s comprehensive solution simplifies reporting and makes the process as efficient as possible.\u201d<\/p>\n<\/blockquote><span class=\"et_bloom_bottom_trigger\"><\/span>","protected":false},"excerpt":{"rendered":"<p>Private markets ESG-focused data solutions provider Novata announced the expansion of its platform\u2019s SFDR capabilities, aimed at enabling clients to simplify reporting against European regulatory requirements. The EU Sustainable Finance Disclosure Regulation (SFDR) establishes harmonized rules for financial market participants on transparency regarding the integration of sustainability risks and the consideration of adverse sustainability impacts [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":14492,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[37,38],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Novata Adds SFDR Reporting Capabilities to Private Markets ESG Data Platform - ESG Today<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.esgtoday.com\/novata-adds-sfdr-reporting-capabilities-to-private-markets-esg-data-platform\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Novata Adds SFDR Reporting Capabilities to Private Markets ESG Data Platform - ESG Today\" \/>\n<meta property=\"og:description\" content=\"Private markets ESG-focused data solutions provider Novata announced the expansion of its platform\u2019s SFDR capabilities, aimed at enabling clients to simplify reporting against European regulatory requirements. 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