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Novisto

by Novisto Inc. · Since 2019
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ActiveAvailable globallyCloud
Quick facts
VendorNovisto Inc.
Year launched2019
StatusActive
Location481 Viger Ave W #200, Montreal, QC, H2Z 1G6 CA
Countries servedGlobal
Languages4
Integrations1+
Free tierN/A
Free trialN/A
Contact salesYES

About Novisto

Novisto is a sustainability software platform from Novisto Inc. that provides tailored ESG (Environmental, Social, and Governance) services. It combines ESG expertise, product overview, and partnerships so organizations can maintain accurate metrics and develop reliable strategies aligned with best practices. With features like request pricing and double materiality assessments, Novisto supports businesses in navigating the complexities of sustainable development. The platform allows users to use industry insights and align their goals with regulatory requirements. Key capabilities: ESG expertise product overview partnerships request pricing double materiality Best for: organizations that need comprehensive support for their ESG initiatives.

Novisto is a robust and sophisticated cloud-based platform for enterprise ESG management and reporting. Its strengths lie in its focus on finance-grade data quality, automation, and extensive support for global reporting frameworks, making it ideal for publicly traded companies or those facing significant regulatory scrutiny. By leveraging AI and providing tools for benchmarking and data management, Novisto empowers companies to move from simple reporting to a data-driven ESG strategy. While pricing is geared toward larger enterprises and the initial setup may be complex, Novisto offers a powerful, auditable, and efficient solution for managing ESG data and driving sustainability initiatives.

Pros & Cons

Pros
  • Creates a "single source of truth" for ESG data, with finance-grade data quality, approval workflows, and audit trails for transparency.
  • Automatically maps over 14,000 data points to support reporting for more than 25 ESG taxonomies, including GRI, SASB, CSRD, and CDP.
  • Automates ESG data collection, streamlines workflows, and generates reports, saving time and resources.
  • Leverages AI and ESG expertise to provide insights, benchmarking against peers, and assist with disclosures.
  • Helps companies move beyond simple reporting to full ESG planning, strategy, and execution.
  • Integrates with financial systems, third-party platforms like Tangelo, and office tools like Microsoft Office.
Cons
  • Pricing reportedly starts at CA$40,000/year, making it potentially prohibitive for smaller businesses.
  • Specialized for ESG management and reporting, not a general ERP solution for broader business processes.
  • Some users have found the initial setup, configuration, and data structure to be complex or time-consuming.
  • While offering some analytics, it is primarily a reporting tool, and some advanced data integration or deep analysis may require other tools.

Features

Key features

Finance-Grade ESG Data

Ensures high-quality, auditable ESG data through curated metrics, approval workflows, and embedded audit trails.

AI-Powered Benchmarking and Insights

Uses AI and ESG expertise to benchmark performance against peers and generate insights for better decision-making.

CSRD Solution

Simplifies and streamlines double materiality assessments, with audit-ready outputs to meet EU regulations.

Carbon Management

Facilitates the measurement, management, and reporting of carbon emissions with decision-grade analytics.

Automated Data Collection

Automates data intake through various methods, including intake workflows, document imports, and APIs.

Enterprise ESG Reporting

Streamlines the creation and submission of ESG disclosures, with live data embedding in reports and collaboration tools.

ESG Data Governance

Centralizes ESG data, workflows, and reporting in a secure place, ensuring data traceability and quality.

Additional features

Audit Management

Manages audit processes and trails.

Benchmarking

Compares performance against peers.

Compliance Management

Tracks compliance with ESG regulations and frameworks.

Emissions Monitoring

Monitors and manages carbon emissions.

Energy Management

Tracks and reports on energy consumption.

Supplier Management

Manages and tracks supplier ESG performance.

Stakeholder Engagement

Facilitates communication and engagement with stakeholders.

Waste Management

Tracks and reports on waste management.

Workflow Automation

Automates and streamlines ESG-related tasks and processes.

Real-time Monitoring and Reporting

Provides real-time data monitoring and reporting.

AI/Machine Learning

Leverages AI/ML for insights and automation.

Incident Management

Manages and tracks ESG-related incidents.

Data Import/Export

Imports and exports data from various sources.

Document Management

Manages ESG-related documents.

Dashboard and Visualization

Customizable dashboards for data visualization.

Integration with Financial Systems

Integrates with existing financial systems for streamlined processes.

Integration with Office

Includes an add-on for integrating with Microsoft Office.

Pricing

Free trial
Free version
Request a quote
Promo Offer

Countries & Languages

Global
Countries served
4
Interface languages
6
Billing currencies

Interface languages

EnglishFrenchSpanishGerman

Billing currencies

🇺🇸USD🇪🇺EUR🇬🇧GBP🇨🇦CAD🇦🇺AUD🇯🇵JPY

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