IT services provider Novata and the Global Impact Investing Network (GIIN) have partnered to integrate the latter’s IRIS+ standard impact metrics into the former’s data management platform. The aim is to enable fund managers to collect, manage and analyse standardised impact data from companies to inform their investment practices and provide stakeholders with relevant information. GIIN said that a lack of impact data and platform interoperability had previously “posed challenges” for investors to integrate impact measurement and management tools into their “day-to-day operations”. Sapna Shah, Chief Programme and Operating Officer at GIIN, said: “This partnership provides fund managers with the metrics they need to understand their impact and communicate it back to investors. This is an important step towards empowering investors to make more informed decisions and direct capital to solving major global challenges such as climate change and financial inclusion.” The metrics have been specifically tailored for private markets investment.
