New solution provides a structured workflow to collect supplier data, monitor participation in real time, and analyze Scope 3 and sustainability performance
NEW YORK–(BUSINESS WIRE)–Novata, the leading sustainability management platform for private markets, today announced the launch of Novata for Supply Chains, a new solution that enables organizations to request, track, and manage sustainability data from their suppliers in a single, structured workflow. The solution replaces manual and inconsistent sustainability data collection processes with a standardized, auditable and AI-powered system that provides end-to-end visibility into supplier networks.
With Novata for Supply Chains, organizations can:
- Launch fast. Novata seamlessly sets up supplier accounts, connects them to your dashboard, and helps you prioritize which suppliers to engage first to generate institutional-grade data quickly.
- Manage at scale. Track supplier progress in real time, follow up with built-in engagement and assignment tools, and review and collaborate on submissions directly in-platform with a full audit trail.
- Operate with AI-powered confidence. Novata AI helps suppliers work faster by easily uploading data from internal systems, extracting information from documents, and filling gaps using Novata’s comprehensive benchmark library. For organizations, Novata AI surfaces risk signals from specialist providers, maps regulatory obligations, and translates complex sustainability information into actionable insights.
- Act on insight. Benchmarks and dashboards also translate supplier data into performance and risk insights, and Novata’s Metrics and Advisory experts help turn those insights into a strategy that drives real impact.
“Supply chain sustainability data is a critical source of operational and financial intelligence,” said Alex Friedman, Co-Founder and Co-CEO at Novata. “With this launch, we are helping companies move beyond manual collection processes to a system that turns supplier data into actionable insight, enabling better risk management and stronger decision-making across the value chain.”
Historically, fragmented requests and inconsistent methodologies leave sustainability and procurement teams managing numerous spreadsheets, chasing follow-ups, and working with incomplete data that’s hard to collect and trust. Novata for Supply Chains replaces that ad-hoc process with a streamlined experience, providing investors and companies with a clear, connected view of sustainability and emissions data across supplier networks.
The solution supports both sides of the supplier relationship. Organizations collecting data can coordinate supplier engagement, standardize responses, and strengthen reporting readiness, all in one place. Suppliers reporting data get a guided experience with simple workflows, reusable responses, and less back-and-forth with stakeholders, reducing the reporting burden for resource-constrained teams.
“Suppliers are increasingly expected to respond to multiple, often inconsistent sustainability requests with limited time and resources,” said Meredith Binder, Chief Product Officer & Chief Marketing Officer at Novata. “What we’re hearing from organizations is a clear need for simplicity and consistency. When suppliers are given structured, repeatable workflows, participation improves dramatically, and the quality of data improves with it.”
Novata for Supply Chains builds on Novata’s collaboration with Microsoft to streamline Microsoft’s supplier sustainability data collection and support more consistent, auditable reporting processes. The solution is now available across the broader market, enabling organizations to collect supplier sustainability data at scale while giving suppliers a simpler, more consistent way to respond to customer requests.
To learn more, see our video on Novata’s website.
About Novata
Novata’s solutions make it easy for organizations to achieve their sustainability goals and create value. Our trusted sustainability management platform and advisory practice empowers organizations to automate data collection and reporting, streamline carbon accounting, simplify regulations, benchmark performance, and monitor risk.
Backed by the Ford Foundation, Hamilton Lane, Microsoft, Motive Partners, Omidyar Network, Northern Trust and S&P Global, Novata is majority controlled by mission-driven organizations and its employees, and is a B-Corp-certified public benefit corporation.
Learn more at novata.com.
Contacts
Media
Katie Stueber
press@novata.com
Read the Article on Business Wire: Read More Posted By OffshoreSource
