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Novata Expands, Streamlines SFDR Reporting Platform

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Novata, an ESG data provider to private markets and investors, has enriched and simplified its Sustainable Finance Disclosure Regulation (SFDR) compliance tools.

The New York-based company said it has made it easier for clients to integrate their SFDR-aligned data with its platform and has created in-platform tools for reporting on the regulation’s Principle Adverse Indicator tests. The service also offers expert guidance and educational resources to clients.

Novata, which was formed in April 2022, said it now has more than 5,300 clients using its data and reporting platform.

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