Novisto

Novisto offers enterprise software for corporate sustainability management aimed to help companies create value from their ESG strategy, data, and reporting. Novisto’s platform allows companies to integrate sustainability initiatives into their corporate strategy and regularly informs them about changes in regulations related to ESG.

Novisto was founded in 2019 by CEO Charles Assaf, CTO Marian Borca, and chief product officer Edouard Clement. After being incubated by Diagram Ventures, the startup raised a CAD$1.8 million seed round from the Diagram Ventures in December 2019.

Novisto’s operations, policies, and procedures are audited on a regular basis to ensure that all cloud standards required by companies are met.

The company adheres to all industry regulations and best practices for the collection, management, and protection of personal data. Novisto secures the client's data via:

• Encryption in transmission and during idle time

• Dedicated and hardened data stores

• Advanced permissions and data authorization

• Redundant services and failover processes

• SSO and two-factor authentication

• Advanced threat monitoring

The access to Novisto's platform is provided via SSO (single sign-on) and two-factor authentication, which reduces the risk of unauthorized entry.

Availability of the service is ensured by redundant clusters and data stores, failure detection, and corrections without interrupting user activities.

Novisto provides data centralization solutions, including:

• Access to ESG assets with advanced search capabilities

• System of record (SOR) for quantitative and qualitative data with supporting references and documentation

• Quality assurance and audit environment

Novisto also provides AI-driven analytics solutions, including:

• Benchmarking against comparable companies and advanced gap analysis

• Visibility into the connection between sustainability and financial performance

• Performance measurement and assessment

Novisto utilizes actionable data to provide:

• Up-to-date, contextualized guidance for evolving sustainability reporting practices, regulations and standards

• Customized dashboard functionality for all levels of management

• Recommendations for best practices

In addition, Novisto's platform offers reporting aid through workflow automation, role assignments, and status monitoring. The company also provides a customized report builder for all major standards and frameworks such as GRI, SASB, TCFD and more.