Foundations, Private-Equity Firms Create ESG Reporting Platform

(WSJ) The Ford Foundation, S&P Global, Hamilton Lane and Omidyar Network are backing the venture to gather and share data related to environmental, social and governance performance. The system, called Novata, aims to be a central database for gathering, reporting and benchmarking companies’ performance on factors such as carbon emissions, resource management, employee diversity and workplace safety.

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