IQ-EQ, an asset management solutions firm, has entered into a strategic alliance with private markets ESG company Novata.
The core motivation for this partnership is to improve the quality of ESG data reported by portfolio companies to investors, in a bid to spur positive sustainable change. Both IQ-EQ and Novata are set to harness their unique competencies to meet this goal.
IQ-EQ, known for its top-tier asset management services, stands at the forefront of providing comprehensive investor services to global asset owners and managers. It excels in offering solutions that cover the full investment cycle from strategy, to establishment, to operations and oversight.
On the other hand, Novata is renowned for its robust technology platform, providing private markets with a comprehensive ESG data solution. Its tools, backed by industry giants such as the Ford Foundation, Microsoft, Hamilton Lane, Omidyar Network, and S&P Global, offer an extensive range of ESG benchmarks that drive actionable insights to enhance ESG performance.
Under this strategic alliance, Novata’s platform will aid in streamlining ESG data collection, forming the backbone of IQ-EQ’s four-pillared ESG offering – ESG Set Up, ESG Data Strategy, ESG Data Collection & Management, and ESG Reporting & Compliance. This collaboration will facilitate asset managers, investors, and portfolio companies to identify the ESG framework and metrics that best align with their sustainability strategy.
As the platform is specifically tailored to meet the needs of the private markets, it provides over 650 metrics and multiple framework options from widely accepted standards, enabling firms to gather information that is most relevant to their business and investment priorities.
IQ-EQ’s Group Chief Commercial Officer, Emma Crabtree, expressed her thoughts on this strategic alliance. She said, “In light of the increasingly stringent ESG reporting requirements, our alliance with Novata underscores our dedication to innovation and equipping our clients with cutting-edge technology to efficiently address ESG challenges.
“This will not only facilitate superior reporting to both investors and regulators but also ensure better risk management, access to deeper capital pools and, above all, a more sustainable future.”
Scott Kennedy, Co-Founder and President at Novata, added, “Innovation and technology are crucial to navigate the evolving demands for private markets and ESG transparency. Our unique alliance with IQ-EQ, integrating our platform with their renowned ESG expertise, presents a formidable ESG offering for private markets. We are excited to work alongside IQ-EQ to continually innovate and meet the intricate regulatory and investor demands our clients are grappling with.”
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