Broadridge and Novisto Launch Sustainability Data and Reporting Platform

Broadridge Financial Solutions and Novisto have declared a strategic alliance to launch a new platform meant to simplify sustainability data administration and ESG reporting. The partnership is intended to assist businesses match changing global laws and stakeholder expectations as demand for steady and precise ESG disclosures rises. 

Broadridges' knowledge in investor communication and regulatory reporting joins Novistos cloud-based ESG data management technology in the collaboration. Companies will be helped to gather, verify, and report sustainability data across systems including CSRD, ISSB, and the SEC's suggested climate disclosure regulation by the integrated solution. 

Firms are under increasing pressure to normalize their ESG disclosures as regulatory rules get more complicated and data-intensive. The platform helps companies to organize and gather ESG data from many sources—financial, operational, and third-party—hence increasing auditability and consistency. This lowers operating expenses and compliance risks while improving openness. 

Broadridges participation guarantees the efficient delivery of ESG disclosures to stakeholders and investors, whereas Novistos system automates a lot of the data processing with dashboard-driven performance insights and benchmarking abilities. 

Supporting dual materiality analysis, the platform lets businesses evaluate and reveal ESG risks of both financial and impact-related kind. Under EU legislation like the Corporate Sustainability Reporting Directive (CSRD), which calls for more disclosures outside of conventional financial performance, this ability becomes very important. 

This partnership helps to solve a significant gap in ESG reporting: data fragmentation. Many companies find challenges in isolated systems and varying measurements. The Broadridge-Novisto approach tries to address this by providing a single platform designed for both financial reporting and sustainability teams. 

The decision comes as ESG examination is increasing worldwide. Investors, legislators, and civil society are now expecting businesses to provide verifiable, comparable, and internationally-aligned disclosure of climate and sustainability risks. The joint platform is designed to answer this demand while enabling scalable and effective ESG reporting. 

Conclusion:

A major step toward better ESG data governance and reporting infrastructure is the Broadridge-Novisto alliance. Strong and automated ESG data systems will be absolutely necessary as stakeholder expectations rise and regulatory frameworks change. For businesses negotiating the ever more complicated sustainability disclosure environment, this new platform is set to be a major enabler.

Source: ESG Today