Broadridge and Novisto Address Rising Demand for Sustainability Data Management and Reporting Platforms
Rhea-AI Summary
Broadridge Financial Solutions (NYSE: BR) has partnered with Novisto to launch an advanced sustainability data management and reporting platform. The collaboration aims to help companies efficiently manage and report sustainability data while meeting regulatory requirements and stakeholder expectations.
Broadridge's corporate issuer division, which serves over 3,400 public companies in the US, will combine its expertise with Novisto's enterprise sustainability software to create a comprehensive solution for sustainability data collection, analysis, and reporting. This partnership comes as 30 jurisdictions globally are preparing to implement ISSB Standards in their regulatory frameworks, highlighting the growing demand for standardized sustainability reporting.
Positive
- Partnership expands Broadridge's service offering in the growing sustainability reporting market
- Access to 3,400+ US public companies through Broadridge's existing client base
- Strategic positioning ahead of increasing global regulatory requirements for sustainability reporting
- Creation of a one-stop solution for sustainability data management and reporting
Negative
- None.
News Market Reaction
On the day this news was published, BR gained 0.11%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Pioneering software helps companies manage risks and opportunities through effective and
efficient sustainability data capture, analysis and reporting
"With continued focus from investors and regulators globally on sustainable business models, it's imperative that companies implement effective means to capture, analyze, and report on material sustainability data," said Ryan Wade, General Manager, Broadridge Corporate Issuer. "Broadridge's collaboration with Novisto empowers management teams to efficiently produce high-quality and investor-ready disclosures that meet both voluntary and regulatory standards."
Broadridge's corporate issuer division serves over 3,400 public companies in the US alone, providing a broad range of critically important corporate solutions that revolve around shareholder meetings & proxy, corporate governance and sustainability, regulatory filings and disclosure, and stock transfer services. Together, Broadridge and Novisto are delivering a unique market-leading suite of solutions that creates a one-stop shop for sustainability data management, peer benchmarking, and strategic consulting. This true end-to-end offering is designed to simplify the process of collecting, analyzing, auditing, and reporting sustainability data.
"We are thrilled to collaborate with Broadridge, a company celebrated for its expertise and steadfast commitment to delivering high-quality corporate issuer solutions," said Charles Assaf, CEO of Novisto. "Novisto's technological prowess in the sustainability reporting space, combined with Broadridge's trusted expertise and transformative data and technology, sets a powerful precedent for streamlining corporate reporting processes."
As companies navigate the dual challenges of growth and compliance with increasingly complex global regulations, the need for reliable sustainability data is more critical than ever. In November 2024, the IFRS Foundation reported that globally, "30 jurisdictions are on the journey to introducing ISSB Standards in their legal or regulatory frameworks." The demand for consistent and standardized reporting continues to grow worldwide, and companies need robust data management platforms to ensure they can meet the enhanced disclosure demands.
Broadridge and Novisto are setting a new global benchmark in issuer solutions, ensuring companies remain at the forefront of industry innovation while adeptly meeting the evolving demands of their stakeholders.
For more information on Broadridge's Sustainability & Corporate Governance offerings.
About Novisto
Novisto is the sustainability data management and reporting software of choice for global enterprises. By simplifying the process of collecting, auditing, and reporting ESG data, Novisto gives sustainability and finance teams the confidence that their disclosures are accurate and reliable. The company has been recognized by prominent industry analysts Gartner and Verdantix and is a Deloitte 2024 Technology Fast 50™ program award recipient. Founded in
For more information, please visit: www.novisto.com.
About Broadridge
Broadridge Financial Solutions (NYSE: BR), is a global technology leader with the trusted expertise and transformative technology to help clients and the financial services industry operate, innovate, and grow. We power investing, governance, and communications for our clients – driving operational resiliency, elevating business performance, and transforming investor experiences.
Our technology and operations platforms process and generate over 7 billion communications per year and underpin the daily trading of more than
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SOURCE Broadridge Financial Solutions, Inc.
FAQ
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