Novata
PaidESG data management platform for private markets providing standardized data collection, benchmarking, and reporting aligned with major ESG frameworks.
What does this tool do?
Novata is a specialized ESG data management platform built specifically for private markets (PE firms, VC funds, portfolio companies). It streamlines the collection, standardization, and reporting of sustainability data across portfolios by providing metric definitions, calculators, guidance, and benchmarking tools. The platform goes beyond basic data collection to include carbon accounting (Scope 1-3 emissions, financed emissions), climate risk modeling (TCFD, IFRS S2), and regulatory compliance tools that map to frameworks like CSRD, SFDR, and California regulations. Novata also offers advisory services for materiality assessments, target setting, and disclosure strategy. The platform includes project management features for managing data collection workflows across multiple portfolio companies and investor-level analytics dashboards for benchmarking and performance tracking.
AI analysis from Feb 23, 2026
Key Features
- ESG data collection platform with metric definitions, difficulty ratings, calculators, and guided data entry with built-in validation rules
- Carbon accounting module for Scope 1, 2, 3 emissions, financed emissions (PCAF), and SBTi target tracking with reduction plan development
- Climate risk modeling aligned to TCFD and IFRS S2 with physical and transition risk scenario analysis
- Regulatory Navigator tool that maps metrics and disclosures to CSRD, SFDR, ISSB, California regulations, and EU Taxonomy requirements
- Portfolio-level analytics dashboards with benchmarking against peer companies, target monitoring, and custom metric mapping
- Due diligence module with deal team spaces, digitized data requests, real-time data review, and automated scoring for M&A workflows
- Project management features for task assignment, deadline tracking, user management, document sharing, and team communication
- Advisory services including materiality assessments, double materiality analysis, strategy development, and disclosure strategy consulting
Use Cases
- 1PE fund managers need to collect standardized ESG data from 50+ portfolio companies quarterly—Novata's data collection platform automates metric requests with guardrails and difficulty ratings to ensure consistent, accurate responses
- 2A climate-focused LP requires portfolio companies to calculate Scope 3 emissions and model climate scenario risks—Novata's carbon calculator and TCFD/IFRS S2 tools handle complex financed emissions calculations and transition risk modeling
- 3Mid-market companies preparing for CSRD compliance need guidance on double materiality assessment and disclosure requirements—Novata's regulatory navigator and advisory services demystify overlapping EU/UK/CA regulations
- 4Investment firms conducting ESG due diligence on acquisition targets need to quickly digitize data requests and benchmark target metrics against peer portfolios—Novata's deal team spaces streamline real-time data review and scoring
- 5Portfolio companies aiming to meet SBTi commitments need to track carbon reduction progress against targets and develop credible reduction plans—Novata's target tracking and carbon reduction planning tools provide the accountability layer
- 6Multi-country investors need a single dashboard showing ESG performance across portfolios in jurisdictions with different regulatory requirements—Novata's benchmarking and regulatory mapping capabilities handle fragmented compliance landscapes
Pros & Cons
Advantages
- Purpose-built for private markets ecosystem: Unlike generic ESG platforms, Novata understands the complexity of managing data across fragmented portfolio companies and investor requirements, with specific features like deal team spaces and portfolio-level benchmarking
- Strong regulatory coverage with AI-powered navigator: Covers CSRD, SFDR, ISSB/TCFD, California regulations, and EU Taxonomy with regulatory mapping that translates metrics to multiple frameworks simultaneously, reducing duplicate reporting work
- Integrated carbon accounting and climate risk modeling: Moves beyond ESG scores to actual emissions calculations (Scope 1-3, financed emissions) and TCFD/IFRS S2 climate scenario modeling, addressing the most complex sustainability reporting requirements
- Expert-backed guidance and advisory services: Includes materiality assessments, target-setting support, and sustainability strategy beyond software—adds credibility for companies new to ESG reporting and helps avoid costly compliance mistakes
- Benchmarking against peer portfolios: Enables data-driven decision-making by comparing portfolio company performance against similar peers in the same industry and geography, not just generic ESG ratings
Limitations
- No public pricing information available: Enterprise-only pricing model with likely high minimum commitments makes it difficult for mid-market firms to evaluate ROI or budget accurately without sales conversations
- Steep learning curve for portfolio companies: While the platform offers 'guardrails' for data collection, ESG metrics and carbon accounting remain complex—smaller portfolio companies may struggle without significant advisory support (additional cost)
- Limited standalone software value for small companies: The platform is architected for PE/investor use cases; smaller companies may find the data collection features overly rigid and unnecessary if not required by their fund
- Integration gaps likely exist with portfolio company ERP/accounting systems: No mention of pre-built connectors to SAP, NetSuite, or accounting systems, meaning manual data input remains necessary despite digital workflows
- Regulatory landscape changes faster than software: CSRD, ISSB, and other frameworks are still evolving; reliance on Novata's regulatory navigator creates dependency on their update cycle, and outdated guidance could expose clients to compliance gaps
Pricing Details
Pricing details not publicly available. The platform appears to be enterprise-focused with custom pricing based on portfolio size, data complexity, and advisory service requirements. A 'Request Demo' call-to-action suggests direct sales engagement is required for pricing quotes.
Who is this for?
Private equity firms, venture capital funds, and their portfolio companies; institutional investors managing large portfolios; mid-to-large private companies facing CSRD, SFDR, or other EU/California regulatory requirements; investment firms conducting ESG due diligence on acquisitions. Best suited for organizations with 20+ portfolio companies or multiple fund strategies requiring standardized ESG reporting.