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Environmental sustainability

Novata and Microsoft Collaborate on Sustainability Solutions

Strategic Insights

— 1 min read

Novata, a private markets' sustainability management partner, has collaborated with Microsoft to enhance its sustainability solutions, data management, and reporting process for businesses globally. The partnership involves the use of Microsoft Azure AI Foundry and Microsoft Fabric to unlock new efficiencies and capabilities in Novata's sustainability solutions. This collaboration will provide access to Novata's pioneering sustainability technology solutions for small and mid-sized Microsoft customers and supply chain partners. The collaboration will enable Novata to expand its platform access, co-develop AI technology, and strengthen supply chain reporting.

Key Takeaways:

  • Novata will leverage Microsoft Azure AI Foundry and Microsoft Fabric to enhance its sustainability solutions.
  • The collaboration will expand access to Novata's platform, making it easier for businesses to access Novata's solutions, including the Carbon Navigator.
  • Novata and Microsoft will co-develop AI-powered tools to simplify sustainability data collection and reporting for clients.
  • Novata will help Microsoft suppliers meet their climate reporting obligations.
  • The partnership will provide Novata's clients with tools to track, manage, and report sustainability metrics with greater accuracy, efficiency, and affordability.
  • Novata's platform is trusted and used by hundreds of GPs in private equity, growth equity, private credit, and venture capital.
  • Over 10,000 companies in all major geographies use Novata's platform.
  • Novata's clients manage over $12 trillion in assets.

Statistics:

  • Novata was founded in April 2022.
  • Since its commercial launch, Novata has experienced significant global demand for its all-in-one solution for sustainability data management.
  • Novata's platform is used by over 10,000 companies in all major geographies.
  • Novata's clients manage over $12 trillion in assets.
  • Novata has been a portfolio company of Microsoft's Climate Innovation Fund (CIF) since 2023.

Sources:

  • "Novata and Microsoft Collaborate to Simplify Sustainability." Novata, 2023.

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