Financial services firm Northern Trust and ESG data management software provider Novata have formed a strategic partnership. Northern Trust, renowned for wealth management and banking services, is integrating Novata’s advanced ESG data solution to enhance ESG impact clarity for asset owners in private markets. This collaboration is part of Northern Trust’s Whole Office strategy, connecting clients with innovative technologies throughout the investment lifecycle. Novata’s technology platform, with over 800 ESG metrics, assists private market firms in managing ESG risks effectively. The partnership aims to empower private market investors with flexible ESG reporting, showcasing Northern Trust’s commitment to innovation and client empowerment in investment. The collaboration began with Northern Trust’s participation in Novata’s Series B funding round in April 2023.
By FCCT Editorial Team

