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TL;DR - Novisto
- Centralizes and manages high-quality, audit-ready ESG data.
- Streamlines ESG reporting and disclosures with AI and embedded expertise.
- Adapts to evolving regulatory changes and reporting standards automatically.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Ensures high-quality, audit-ready ESG data for investor confidence.
- Significantly improves efficiency in submitting disclosures and managing ESG workflows.
- Automatically adapts to evolving ESG standards and regulations without manual updates.
- Provides expert guidance and support through dedicated CSMs and ESG analysts.
- Offers flexible data residency to meet compliance and IT strategy needs.
Cons
- Specific pricing details are not publicly disclosed, requiring direct inquiry.
- Requires integration into existing data collection processes which may involve initial setup effort.
Key Features
Finance-grade ESG data managementCurated metrics and approval workflowsEmbedded audit trailsAI-powered insights for reportingBenchmarking against peersTarget setting and progress monitoringCarbon management and reportingDouble materiality assessments
Pricing
Paid
Novisto offers paid plans. Visit their website for current pricing details.
About Novisto
By Toolradar Team·
Novisto is a sustainability management software designed to help enterprises efficiently collect, govern, and disclose their ESG (Environmental, Social, and Governance) data. It provides a centralized, secure system of record for both quantitative and qualitative investment-grade ESG data, ensuring auditability and high quality. The platform empowers ESG teams to move beyond administrative tasks, focusing instead on impactful change and strategic analysis.
Novisto is built for modern ESG practitioners across all stages of ESG maturity, offering solutions that adapt to evolving regulatory changes and reporting standards. It integrates ESG expertise with AI to improve disclosures, benchmark performance against peers, set targets, and monitor progress. The software aims to streamline the entire ESG journey, from data collection and management to reporting and analysis, enabling organizations to own their ESG narrative with confidence.
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Novisto FAQ
How does Novisto ensure the auditability and finance-grade quality of ESG data?
Novisto ensures auditability and finance-grade quality through curated metrics, robust approval workflows, and embedded audit trails. This system creates a secure, centralized record for both quantitative and qualitative ESG data, designed to be transparent and verifiable for stakeholders like boards, CFOs, and investors.
Can Novisto help my organization comply with specific ESG reporting frameworks like CSRD?
Yes, Novisto is designed to help organizations navigate the evolving reporting landscape. It monitors changes in frameworks and standards, reflecting the latest metrics and guidance. This includes support for complex regulations like CSRD, ensuring reports remain compliant and up-to-date without manual intervention.
What kind of AI capabilities are integrated into the Novisto platform?
Novisto leverages AI to accelerate ESG workflows and provide expert guidance. This includes capabilities like ingesting thousands of data points in seconds through bulk imports and offering expert answers and guidance within the platform to streamline analysis and decision-making.
How does Novisto support organizations in conducting double materiality assessments?
Novisto offers an in-house, cost-effective solution specifically designed to simplify and make double materiality assessments more efficient and impactful. This feature helps organizations get audit-ready by streamlining the assessment process and reducing overhead.
What level of support and guidance can a customer expect after subscribing to Novisto?
Every Novisto customer receives a dedicated Customer Success Manager (CSM) and an ESG analyst. These experts provide personalized support, ensuring a smooth implementation process, understanding the business's specific goals, and offering expert answers to complex ESG questions.
Source: novisto.com