Broadridge Financial Solutions has formed a partnership with Novisto, an enterprise software provider specialising in sustainability data management and reporting.
The collaboration aims to deliver a powerful new platform to support companies worldwide with sustainability and non-financial reporting. The partnership addresses the growing need among public companies for more efficient tools to manage complex disclosure obligations, streamline third-party requests, and enhance stakeholder engagement.
Broadridge, which serves more than 3,400 public companies in the US alone, offers an array of corporate issuer solutions, including shareholder meetings and proxy services, governance and regulatory filings, and sustainability disclosures. Novisto, meanwhile, has built its reputation as a leading provider of software for sustainability data collection, analysis, and reporting. Together, they are offering a unified solution that integrates peer benchmarking and strategic consulting with data management, setting a new standard in the market.
The joint platform is intended to be a one-stop shop for ESG and sustainability data, helping companies capture, audit, and report information in line with both voluntary frameworks and mandatory regulations. This is particularly timely as the global regulatory landscape becomes increasingly complex, with many jurisdictions moving to adopt ISSB standards and other enhanced disclosure requirements.
According to the IFRS Foundation, as of November 2024, at least 30 jurisdictions are progressing towards integrating ISSB Standards into their legal or regulatory systems. As businesses face growing scrutiny from investors and regulators, the demand for consistent, transparent, and accurate sustainability reporting is expected to rise sharply.
Broadridge corporate issuer general manager Ryan Wade said, “With continued focus from investors and regulators globally on sustainable business models, it’s imperative that companies implement effective means to capture, analyze, and report on material sustainability data. Broadridge’s collaboration with Novisto empowers management teams to efficiently produce high-quality and investor-ready disclosures that meet both voluntary and regulatory standards.”
Novisto CEO Charles Assaf said, “We are thrilled to collaborate with Broadridge, a company celebrated for its expertise and steadfast commitment to delivering high-quality corporate issuer solutions. Novisto’s technological prowess in the sustainability reporting space, combined with Broadridge’s trusted expertise and transformative data and technology, sets a powerful precedent for streamlining corporate reporting processes.”
Broadridge and Novisto aim to set a global benchmark in sustainability reporting and issuer solutions, enabling companies to stay ahead of evolving stakeholder expectations and regulatory changes.
Novisto recently raised $27m in a Series C funding round to further develop its ESG platform and strengthen its European presence.
The round was led by Inovia Capital, with participation from existing backers White Star Capital, SCOR Ventures, and Sagard. This latest raise brings Novisto’s total funding to over $55m.
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