New GIIN Partnership to Help Find Private Impact

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    Stockholm (NordSIP) – With the impact investing industry growing to US$1.164 trillion, the lack of impact data and platform interoperability that undermines investors’s ability to integrate impact measurement and management tools into their daily operations is a real problem.

    To address this issue, Novata, a certified B Corporation that enables investors in private markets navigate ESG issues, and the Global Impact Investing Network (GIIN) announced the integration of GIIN’s IRIS+ standard impact metrics in Novata’s leading data management platform.  According to the GIIN, Novata’s technology platform attempts to close that gap by providing a starting point for selecting relevant metrics, streamlining data collection, and contextualizing data to drive reporting and action.

    - Partner Message -

    “Our collaboration with Novata signifies a pivotal moment in the impact investing industry,” said Sapna Shah, Chief Program and Operating Officer of the GIIN. “This partnership provides fund managers with the metrics they need to understand their impact and communicate it back to investors. This is an important step towards empowering investors to make more informed decisions and direct capital to solving major global challenges such as climate change and financial inclusion. We are excited about the transformation this partnership promises for the industry, and we look forward to seeing the positive changes it fosters.”

    “This partnership represents the first commercially available offering of the IRIS+ metrics. In building this solution, we stayed true to the spirit of the content from the GIIN, working closely with their team on the structure of this offering,” said Lorraine Spradley Wilson, Chief Sustainability Officer at Novata. “Novata clients will now be able to access IRIS+ metrics and other GIIN content on the Novata platform, enabling them to include these performance metrics into their reporting data collection frameworks. This integration will not only provide investors with valuable insights, but also foster a more robust impact investing ecosystem.”

    The partnership will pave the way for additional impact performance analytics, meeting the increasing demand for impactful investment opportunities and integrating essential impact tools throughout the financial sector.


    Image courtesy of Ali Kazal on Unsplash
    - Partner Message -

    Nordsip Insights

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