Northern Trust’s investment in Novata, a private market data start-up, could help the industry turn a new leaf on ESG benchmarking. The investment is aimed at enhancing Northern Trust’s ESG data management capabilities, at a time when investors are looking for more (northern) light on ESG benchmarking as they analyze portfolio performance. Novata’s ESG data collection services are expected to play a key role in providing an ‘eco boost’ for Northern Trust as it responds to investor demand for ESG data. They’ll be hoping this enhanced sustainability capability will help investors relax and start to feel the benefits of an improved ‘green’ diet!
inspired by FinTech Global