Petra Funds Group is pleased to announce a strategic relationship with Novata, a leading data management platform that provides the private markets with comprehensive environmental, social and governance (ESG) data to help funds, their portfolio companies, and investors collect, analyze, and report on the data needed to meet their regulatory, investor, value creation, and sustainability goals.
Leveraging Novata's best-in-class platform and Petra's premier ESG advisory services, asset managers and their portfolio companies can identify the ESG metrics best aligned with their sustainability strategy and benchmark results against the market and their peers while meeting regulatory and investor reporting requirements. At Petra, we understand the importance of leveraging specialists when required, and by working with Novata, we can ensure that we have the data needed to meet the material factors relevant to our clients, their investors, and the portfolio companies.
Charlie Chipchase, Head of ESG at Petra Funds Group, commented: "As the ESG landscape continues to proliferate and regulatory and investor reporting requirements become more complex, a flexible yet comprehensive ESG data-driven solution is required to help private equity firms, their portfolio companies, and investors meet the increasing demands. We built our ESG Advisory services to help this group of constituents navigate the complexity and, at times, the opaqueness of ESG and sustainability goals and reporting as the industry is still relatively young. With Novata, we are now better equipped to help our clients and their portfolio companies make data-driven decisions that efficiently solve ESG challenges while instilling better risk management and creating a sustainable future."
