Broadridge and Novisto Team Up to Tackle Sustainability Data Challenges
In an era where sustainability has taken center stage in corporate governance, Broadridge Financial Solutions, Inc. (NYSE: BR) has made significant strides in addressing challenges surrounding sustainability data management. Teaming up with Novisto, a leader in enterprise sustainability software, the duo aims to offer a cutting-edge platform designed for effective data management and reporting related to non-financial performance. This collaboration comes at a critical juncture, as companies globally strive to adapt to increasing regulatory scrutiny and investor demands for transparency in sustainability practices.
The newly forged partnership leverages Broadridge's expansive reach, serving over 3,400 public companies in the U.S. alone, and Novisto's innovative technological capabilities. This dynamic combination allows organizations to streamline their sustainability reporting processes and provides them the tools necessary to navigate the intricate landscape of contemporary reporting requirements.
As outlined by Ryan Wade, General Manager, Broadridge Corporate Issuer, the significance of this initiative cannot be overstated. 'Investors and regulators have sharpened their focus on sustainable business practices. Companies must adopt effective methods to collect and scrutinize sustainability data, ensuring they meet both voluntary and regulatory standards.' He further emphasizes that the partnership aims to enhance the quality of disclosures, making them investor-ready.
Modern organizations face dual challenges: growth and compliance with increasingly detailed and varied regulations. To address this, the new sustainability data management platform offers an integrated solution that encompasses collection, analysis, auditing, and reporting data. This end-to-end offering not only simplifies the reporting process but also facilitates peer benchmarking and strategic consulting, creating a robust suite of services for clients.
Charles Assaf, CEO of Novisto, expressed excitement about the collaboration, noting that both companies share a commitment to delivering excellence in corporate issuer solutions. 'By combining Novisto’s strengths in the sustainability reporting field with Broadridge's established expertise, we set a new benchmark in corporate reporting, paving the way for streamlined practices that meet modern demands.'
The pressing need for reliable sustainability data is highlighted by recent statistics from the IFRS Foundation, which indicated that around 30 jurisdictions worldwide are in the process of implementing ISSB Standards in their regulations. As the call for standardized reporting processes grows louder, organizations must adopt comprehensive data management solutions to stay ahead of the curve.
This partnership between Broadridge and Novisto is positioned to serve as a beacon for organizations looking to enhance their sustainability practices. By offering integrated tools for data management, these firms empower companies to respond adeptly to evolving stakeholder expectations while achieving operational efficiencies.
Moreover, Broadridge's role in the financial services landscape is noteworthy. With a technological backbone that processes over 7 billion communications annually—all related to trading securities valued at more than $10 trillion—its expertise in corporate governance and reporting is second to none. This strategic-laden partnership with Novisto indicates a proactive approach to ensure that clients not only comply with existing regulations but also lead in sustainability efforts.
In conclusion, the synergy between Broadridge and Novisto is a remarkable step forward in the quest for effective sustainability data management. As organizations navigate the complexities of modern-day reporting and compliance, the solutions offered by this collaboration are expected to significantly elevate the quality and reliability of sustainability disclosures, ultimately fostering increased trust among investors and stakeholders alike.
The newly forged partnership leverages Broadridge's expansive reach, serving over 3,400 public companies in the U.S. alone, and Novisto's innovative technological capabilities. This dynamic combination allows organizations to streamline their sustainability reporting processes and provides them the tools necessary to navigate the intricate landscape of contemporary reporting requirements.
As outlined by Ryan Wade, General Manager, Broadridge Corporate Issuer, the significance of this initiative cannot be overstated. 'Investors and regulators have sharpened their focus on sustainable business practices. Companies must adopt effective methods to collect and scrutinize sustainability data, ensuring they meet both voluntary and regulatory standards.' He further emphasizes that the partnership aims to enhance the quality of disclosures, making them investor-ready.
Modern organizations face dual challenges: growth and compliance with increasingly detailed and varied regulations. To address this, the new sustainability data management platform offers an integrated solution that encompasses collection, analysis, auditing, and reporting data. This end-to-end offering not only simplifies the reporting process but also facilitates peer benchmarking and strategic consulting, creating a robust suite of services for clients.
Charles Assaf, CEO of Novisto, expressed excitement about the collaboration, noting that both companies share a commitment to delivering excellence in corporate issuer solutions. 'By combining Novisto’s strengths in the sustainability reporting field with Broadridge's established expertise, we set a new benchmark in corporate reporting, paving the way for streamlined practices that meet modern demands.'
The pressing need for reliable sustainability data is highlighted by recent statistics from the IFRS Foundation, which indicated that around 30 jurisdictions worldwide are in the process of implementing ISSB Standards in their regulations. As the call for standardized reporting processes grows louder, organizations must adopt comprehensive data management solutions to stay ahead of the curve.
This partnership between Broadridge and Novisto is positioned to serve as a beacon for organizations looking to enhance their sustainability practices. By offering integrated tools for data management, these firms empower companies to respond adeptly to evolving stakeholder expectations while achieving operational efficiencies.
Moreover, Broadridge's role in the financial services landscape is noteworthy. With a technological backbone that processes over 7 billion communications annually—all related to trading securities valued at more than $10 trillion—its expertise in corporate governance and reporting is second to none. This strategic-laden partnership with Novisto indicates a proactive approach to ensure that clients not only comply with existing regulations but also lead in sustainability efforts.
In conclusion, the synergy between Broadridge and Novisto is a remarkable step forward in the quest for effective sustainability data management. As organizations navigate the complexities of modern-day reporting and compliance, the solutions offered by this collaboration are expected to significantly elevate the quality and reliability of sustainability disclosures, ultimately fostering increased trust among investors and stakeholders alike.
Topics Business Technology）
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