The latest developments in the ESG space.

Global investor services group IQ-EQ has tied up an alliance with Novata, a tech platform and public benefit corporation that provides an ESG data solution for private markets.

The platform will streamline ESG data collection and sit at the centre of IQ-EQ’s four-pillared ESG offering: ESG Set Up, ESG Data Strategy, ESG Data Collection and ESG Reporting. The platform is backed by firms such as the Ford Foundation, Hamilton Lane, Microsoft, Omidyar Network and S&P Global. 

Novata’s analytical tools include a collection of private markets’ ESG benchmarks. 

“ESG reporting requirements have become more stringent than ever. In response, this alliance highlights our commitment to innovation and providing our clients with the most up-to-date technology to efficiently solve ESG challenges,” Emma Crabtree, group chief commercial officer at IQ-EQ, said. 

IQ-EQ employs a global workforce of more than 4,300 people located in 24 jurisdictions and has assets under administration exceeding $750 billion.