Petra Funds joins forces with Novata

Petra Funds has partnered with Novata to assist funds, their portfolio companies and investors to collect, analyse and report on data required to meet their regulatory, investor, value creation and sustainability goals.

Novata’s platform offering will be joined by Petra’s ESG advisory services to provide identification of ESG metrics best aligned with funds’ sustainability strategies, and benchmark the results against their peers and the market. Additionally, the partnership should assist with meeting regulatory and investor reporting demands.

Charlie Chipchase, head of ESG at Petra, said the “ESG landscape continues to proliferate and regulatory and investor reporting requirements become more complex”, and cited the need for a flexible yet comprehensive ESG data-driven solution for firms.

He went on to say how through the partnership, the company aims to solve ESG challenges “while instilling better risk management and creating a sustainable future”.