Novata and K2 Integrity Announce Strategic Partnership to Help Investment Firms Validate ESG Initiatives

By AIT News Desk On Oct 3, 2022

Under the New Partnership, Novata will Provide K2 Integrity with Access to Trusted Data Collection & Management Software to Support Its New ESG Certification Solution

Novata, the leading ESG data management platform built for the private markets, and K2 Integrity, a leading compliance and risk advisory firm, announced a strategic partnership to bolster K2 Integrity’s ESG advisory offering. As part of the partnership, Novata will provide K2 Integrity with access to its industry-leading, proprietary data collection and management software to streamline the processes in K2 Integrity’s new, first-of-its-kind ESG Fund Certification solution. The partnership will also enable K2 Integrity to customize its solution and offer different certification types that align with regional jurisdictions.

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“We are very pleased to partner with K2 Integrity on their ESG certification program that will help investors, regulators and other stakeholders have confidence in their assessment of the ESG programs of leading investors.”

“Today, appropriate measures of risk have expanded to include ESG considerations, since many ESG metrics directly affect how a company performs and, in turn, its financial value,” said Josh Green, Chief Operating Officer and Co-Founder of Novata. “We are very pleased to partner with K2 Integrity on their ESG certification program that will help investors, regulators and other stakeholders have confidence in their assessment of the ESG programs of leading investors.”

K2 Integrity’s ESG certification program provides managers with independent, rigorous analyses of their products to certify they are compliant with local ESG regulations and deliver on their ESG targets as advertised to help address the industry-wide issue of greenwashing. This offering builds on the company’s longstanding reputation for assisting clients in addressing all forms of risk and meeting regulation and compliance requirements. Novata’s software platform provides customers with a clear starting point for selecting relevant ESG metrics and offers painless data collection into a secure database, along with analytics to inform investment decisions and reporting capabilities for key stakeholders.

Andrew Rabinowitz, Co-CEO of K2 Integrity added: “The need to validate and quantify ESG initiatives has never been greater. We believe that there is increased demand for transparency, oversight and strong ESG practices from stakeholders, regulators and the investment community to address important issues such as diversity, equity and inclusion, sustainability, and strong governance, and combat accusations of greenwashing. It is great to partner with Novata, the premier ESG data management software provider, on our industry leading ESG certification solution, which will help managers and funds verify to investors and regulators that their offerings are in fact aligned with what is being advertised.”

K2 Integrity’s ESG Certification solution combines analysis of companies’ disclosures with its own independent investigative research to assess if managers and funds are compliant with how their products are advertised as well as jurisdictional regulations. The solution also assesses if the proper ESG targets have been set and if those targets are being met.

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