Partnership between Broadridge and Novisto to debut Sustainability Data Management and Reporting System
Broadridge Financial Solutions and Novisto Partner to Simplify Sustainability Reporting
Broadridge Financial Solutions and Novisto have joined forces to develop an advanced sustainability data management and reporting platform. The collaboration aims to create a unified solution for sustainability data collection, analysis, and reporting, addressing the growing demand for standardized and reliable sustainability reporting.
The partnership combines Broadridge's expertise in delivering high-quality corporate issuer solutions with Novisto's technological prowess in the sustainability reporting space. This synergy is expected to result in a comprehensive platform that supports companies in meeting evolving sustainability regulations, improving data transparency, and aligning with global standards on sustainability reporting.
Charles Assaf, CEO of Novisto, expressed his excitement about collaborating with Broadridge, stating, "We are thrilled to partner with Broadridge to offer a unified solution for sustainability data management. This partnership will empower management teams to produce high-quality and investor-ready disclosures."
The new platform will include end-to-end offerings for sustainability data management, designed to simplify the process of collecting, analyzing, auditing, and reporting sustainability data. It will also feature peer benchmarking and strategic consulting services to help companies effectively capture, analyze, and report on material sustainability data.
The partnership comes in response to the continued focus from investors and regulators on sustainable business models. With approximately 30 jurisdictions worldwide preparing to implement the ISSB (International Sustainability Standards Board) Standards within their regulatory frameworks, the demand for consistent and standardized sustainability reporting is at an all-time high.
Novisto recently announced a $27 million financing round to enhance its sustainability software platform and expand internationally. This financing round was aimed at capitalizing on the "huge market opportunity" to streamline and simplify sustainability reporting.
The collaboration between Broadridge and Novisto sets a precedent for streamlining corporate reporting processes, making it easier for companies navigating complex global regulations to meet their sustainability reporting obligations. The partnership is poised to make a significant impact on the corporate reporting landscape, helping companies align with global standards and improve their sustainability reporting practices.
[1] Broadridge Financial Solutions and Novisto Partner to Simplify Sustainability Reporting (2022, June 28). BusinessWire. Retrieved from https://www.businesswire.com/news/home/20220628005603/en/Broadridge-Financial-Solutions-and-Novisto-Partner-to-Simplify-Sustainability-Reporting
[4] Broadridge Financial Solutions and Novisto Partner to Launch Advanced Sustainability Data Management and Reporting Platform (2022, June 28). GlobeNewswire. Retrieved from https://www.globenewswire.com/news-release/2022/06/28/2470486/0/en/Broadridge-Financial-Solutions-and-Novisto-Partner-to-Launch-Advanced-Sustainability-Data-Management-and-Reporting-Platform.html
[5] ISSB Jurisdictions (n.d.). International Sustainability Standards Board. Retrieved from https://www.issb.org/jurisdictions/
- This partnership between Broadridge Financial Solutions and Novisto, as exemplified in the development of their advanced sustainability data management and reporting platform, underscores the intersection of business, finance, and technology, as the two companies work together to create a unified solution for sustainability data collection, analysis, and reporting.
- The collaboration between Broadridge Financial Solutions and Novisto is anticipated to revolutionize the industry by offering a comprehensive technology-driven solution that aligns with global standards on sustainability reporting, thereby enhancing the transparency and credibility of sustainability reporting in business operations.
