Sustainability
As a public benefit corporation, sustainability and responsible business practices are fundamental to why Novata exists and how we operate.
A Public Benefit Corporation & B Corp Certified
Novata was built with accountability, transparency, and long-term stakeholder value at its core.
- Incorporated as a Public Benefit Corporation in 2021, embedding stakeholder accountability into Novata’s governance and legal structure
- Established strong independent oversight from the outset, including an independent board and independent chair
- Structured ownership and governance to support balanced decision-making and limit concentrated founder control
- Built a diverse leadership team that brings a range of perspectives and experiences
- Earned B Corp certification in 2023, meeting rigorous standards for social and environmental performance, transparency, and legal accountability
Our Public Benefit Corporation Charter Objectives
01
Contributory Database
Provide enhanced transparency of the environmental, social, and governance attributes of private companies through the creation of a contributory database for private equity managers and their portfolio companies.
02
Standardized Benchmarks
Provide access to reliable high-quality, standardized environmental, social, and governance data that can be used for benchmarking analyses.
03
ESG Improvements
Make improvements in ESG programs at private companies.
Novata’s Sustainability Priorities
Operational Footprint
Reducing our environmental impact through carbon management, waste diversion, and in-office composting.
Community Engagement
Supporting community impact through paid volunteer time off for eligible charitable organizations.
DEIB
Fostering an inclusive workplace through our DEIB Policy and ongoing employee initiatives.
Sustainability Advisory Board
Mark Kroese
Sustainability Leader, formerly with Microsoft
LinkedIn
Rosalind Bazany
Partner and the Head of ESG and Impact, Antler
LinkedIn
Mika Morse
CEO and Founder, Goldfinch Strategies
LinkedIn
Shiva Rajgopal
Kester and Byrnes Professor, Columbia Business School (CBS)
LinkedIn
Robert G. Eccles
Visiting Professor of Management Practice, Saïd Business School, University of Oxford
LinkedIn
Margot Brandenburg
Senior Program Officer, Mission Investments, Ford Foundation
LinkedIn
Learn More About Novata
FAQ
Novata integrates sustainability into its business from the ground up — not just as a product offering, but as an operating principle. The company tracks and works to minimize its own carbon footprint, runs in-office composting programs to reduce waste, offers employees paid volunteer time off for community engagement, and maintains a formal DEIB (Diversity, Equity, Inclusion, and Belonging) policy. Novata publishes an annual Public Benefit Corporation report disclosing its social, environmental, and governance performance — holding itself to the same reporting standards it helps clients meet.
Novata earned B Corp certification in 2023 through B Lab’s rigorous assessment process, which evaluates a company’s social and environmental performance, transparency, and legal accountability. B Corp certification is not self-reported; it requires independent verification against a comprehensive set of standards covering governance, workers, community, environment, and customers. For Novata, the certification validated the practices the company had been building since its founding in 2021, including its Public Benefit Corporation structure, independent board governance, and sustainability-first culture.
A Public Benefit Corporation (PBC) is a legal designation that requires a company to consider the interests of all stakeholders (employees, communities, the environment, and the public), not just shareholders. Novata incorporated as a PBC in 2021, which means its fiduciary obligations are built around long-term, multi-stakeholder value creation. In practice, this shapes how Novata makes strategic decisions, governs its leadership, and structures accountability — including an independent board, an independent board chair, and intentional limits on concentrated founder control.
Yes. Novata maintains a Sustainability Advisory Board composed of recognized leaders in ESG, sustainability strategy, academia, and investment. Current members include Robert G. Eccles (Visiting Professor at Oxford’s Saïd Business School), Shiva Rajgopal (Kester and Byrnes Professor at Columbia Business School), Margot Brandenburg (Senior Program Officer at the Ford Foundation), Rosalind Bazany (Head of ESG and Impact at Antler), Mika Morse (CEO of Goldfinch Strategies), and Mark Kroese (formerly with Microsoft). This external expertise informs both Novata’s own sustainability practices and the guidance embedded in its platform.
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