Fintech solutions provider Broadridge Financial Solutions and sustainability reporting software provider Novisto announced a new partnership to launch a new suite of sustainability data management and reporting solutions for companies.

According to Broadridge and Novisto, the new partnership comes as companies navigate challenges to comply with increasingly complex global regulations, as well as a demand for consistent and standardized sustainability reporting.

Ryan Wade, General Manager, Broadridge Corporate Issuer, said:

“With continued focus from investors and regulators globally on sustainable business models, it’s imperative that companies implement effective means to capture, analyze, and report on material sustainability data. Broadridge’s collaboration with Novisto empowers management teams to efficiently produce high-quality and investor-ready disclosures that meet both voluntary and regulatory standards.”

The companies said that the new platform will include end-to-end offerings for sustainability data management, peer benchmarking, and strategic consulting, with a suite of solutions designed to simplify the process of collecting, analyzing, auditing, and reporting sustainability data.

The new partnership follows a $27 million financing round announced in May by Novisto, aimed at enhancing its sustainability software platform and growing its international presence, with the company noting a “huge market opportunity” to streamline and simplify sustainability reporting.

Charles Assaf, CEO of Novisto, said:

“We are thrilled to collaborate with Broadridge, a company celebrated for its expertise and steadfast commitment to delivering high-quality corporate issuer solutions. Novisto’s technological prowess in the sustainability reporting space, combined with Broadridge’s trusted expertise and transformative data and technology, sets a powerful precedent for streamlining corporate reporting processes.”