Watershed and Novata Collab on ESG Data Solution for Private Markets

By Greg Tavarez, TMCnet Editor  |  January 06, 2023

Climate change is visible. Heatwaves are more severe, and droughts are prolonged. That is why reducing carbon emissions is critical. The health of the planet depends on it. Or so it was thought.

Reducing emissions is actually not enough. As support in the fight against climate change, technologists are working on carbon dioxide removal projects to pull emitted carbon from the air. Yes, these projects are capital-intensive, but supporting carbon removal can be done at all budget levels. Doing so also benefits investors.

Enterprise climate platform Watershed helps the likes of Walmart, Twitter (News - Alert) and Kainos run end-to-end climate programs with quantifiable results. Watershed delivers granular, audit-grade carbon measurement, one-click disclosure and reporting, and real emissions reduction in a single, intuitive, enterprise-grade software platform.

To help more investors start the journey to decarbonize their portfolios, particularly the private markets, Watershed is in a strategic partnership with Novata, ESG data management platform built for private markets. The partnership enables customers to benefit from Watershed’s deep climate expertise and Novata's breadth of ESG knowledge.

Novata’s ESG data management platform serves thousands of companies owned by private equity, private credit and venture capital companies. Novata provides customers with a clear on-ramp for selecting ESG metrics, painless data collection and data insights and analytics tools to inform investment decisions.

By partnering with Watershed, Novata clients gain a solution to help satisfy disclosure requirements and investor requests for ESG data transparency.

“Private markets are key to the climate transition but have lacked rigorous, comprehensive tools to support this critical work,” said Watershed co-founder Taylor Francis. “Together, Watershed and Novata enable effective climate action and substantive value creation for all private investors.”

As climate change continues to boil, the partnership prompts customers to fulfill ESG and carbon disclosure requests with a data solution that addresses the breadth of the ESG data landscape and the process of collecting carbon accounting data under one roof.




Edited by Alex Passett