What Novisto does

Novisto is a Montreal-based enterprise SaaS provider of sustainability management software, focused on environmental, social, and governance (ESG) data collection, management, reporting, and carbon accounting. Founded in 2019–2020, the company operates a horizontal enterprise platform that serves large, publicly traded and multinational organizations across multiple regulated industries — including pharmaceuticals (Sanofi, Moderna), financial services (Deutsche Bank, Morningstar, Broadridge, Manulife), telecommunications (Bell), airlines (Emirates Group), and manufacturing — addressing fragmented ESG data, manual reporting workflows, and the complexity of complying with multiple global frameworks (CSRD, GRI, SASB, TCFD, ISSB, CDP, IFRS, TNFD, California SB 253/261).

The platform is architected as a modular system with core modules for ESG data collection (Collect), centralized data management with audit trails (Manage), disclosure generation (Report), carbon accounting across Scope 1–3 emissions (Carbon Management), a guided double-materiality assessment workflow, and an AI-powered automation and audit-readiness engine branded as Novisto AI. In March 2026, Novisto acquired London-based carbon management software company Minimum and integrated its Carbon Atlas technology, creating an end-to-end ESG and carbon platform that supports the full sustainability data lifecycle from raw ingestion to investor-grade disclosure. The company sells via an enterprise field-sales motion with a 'Book a Demo' call-to-action, supplemented by inside sales and content-marketing-driven demand generation, and operates in Canada, the United States, and the United Kingdom.

Novisto generates revenue through SaaS subscriptions sold to enterprise customers; specific pricing tiers are not publicly disclosed. The company has raised over $55 million across multiple funding rounds, including a $20M Series B (May 2023) and a $27M Series C (May 2025), both led by Inovia Capital, and a subsequent strategic investment from La Caisse (Caisse de dépôt et placement du Québec) in May 2026 — bringing total capital raised to support continued platform development, European expansion, and inorganic growth.

Name

Novisto

Legal name

Novisto Inc.

Website

https://novisto.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

101–250 employees

Short description

Novisto is a Montreal-based enterprise SaaS platform for ESG data management, carbon accounting, and sustainability reporting, serving large regulated enterprises across pharma, financial services, telecom, and manufacturing with AI-powered automation and multi-framework compliance.

Ownership category

akta.pro rank

Product category

Enterprise Sustainability Management Software

NAICS

Financial Transactions Processing, Reserve, and Clearinghouse Activities (522320)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

ESG Data Platforms, Controls & Audit Readiness (Data quality, internal controls) (EUAHAJAN)

akta.pro secondary industries

Sustainability & ESG Reporting (GRI/SASB/ISSB/CSRD) (EUAHAJAB), IT Governance, Risk & Compliance (IT GRC) Platforms (HDAEALAK)

Keywords

• ESG data management
• Sustainability reporting software
• Carbon accounting platform
• ESG compliance software
• Materiality assessment software

Headquarters

HQ city

Montréal

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Subscription: Enterprise software subscription model for sustainability management platform access. Clients pay for platform access with features including ESG data collection, carbon accounting, reporting, and AI-powered automation.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels7 records

Core offering

Novisto is a SaaS-based enterprise sustainability management platform that enables organizations to collect, manage, and report environmental, social, and governance (ESG) data. The platform includes modules for ESG data collection, centralized system of record management, regulatory reporting aligned with frameworks such as CSRD, GRI, SASB, TCFD, ISSB, and CDP, carbon accounting for Scope 1-3 emissions, double materiality assessments, and AI-powered data automation. The platform is sold via enterprise subscription to large organizations facing complex sustainability disclosure obligations.

Product overview

Novisto is a next-generation enterprise sustainability management platform offering a unified, modular software solution for ESG data management and reporting. The platform consists of core modules including Collect (automated data collection), Manage (centralized system of record), Report (disclosure generation), Carbon Management (Scope 1-3 carbon accounting and Net-Zero strategy), and Novisto AI (AI-powered automation and audit-readiness). Additional modules include Double Materiality (CSRD compliance assessments) and Benchmarking (peer analysis). In March 2026, Novisto acquired Minimum (Carbon Atlas) to enhance its carbon management capabilities, integrating carbon accounting technology directly into the platform. The platform supports major global reporting frameworks including CSRD, GRI, SASB, TCFD, ISSB, CDP, and California SB 253, enabling enterprises to collect ESG data once and report across multiple frameworks. The company serves enterprise clients including Sanofi, Manulife, Asana, Moderna, Bell, Emirates Group, and Deutsche Bank, with an average of 700+ metrics tracked per client and 50% efficiency gain in disclosure submissions.

Differentiator

Problem solved

Functional benefit

Products and services

• Collect ESG data collection module that streamlines sustainability data gathering with automated processes, enabling enterprises to consolidate ESG data from multiple sources with built-in approval workflows and audit trails.
• Manage Centralized ESG system of record that manages ESG initiatives with customized metrics, enabling organizations to track, organize, and govern sustainability data across the enterprise.
• Report ESG reporting solution that simplifies disclosure generation, allowing enterprises to produce reports aligned with multiple global frameworks while embedding live data into narrative reports.
• Novisto AI AI-powered ESG data automation engine that enhances audit-readiness, automates data processing, and supports intelligent analysis across the sustainability data lifecycle.
• Carbon Management Comprehensive carbon accounting and Net-Zero strategy module that enables organizations to measure, track, and report emissions across Scope 1, 2, and 3 with decision-grade data and analytics.
• Double Materiality Guided workflow tool for conducting double materiality assessments, helping organizations identify their impacts, risks, and opportunities related to sustainability for CSRD compliance.
• Minimum (Carbon Atlas) Carbon management platform (founded 2020) providing carbon accounting solutions including Carbon Atlas, which helps organizations map complex corporate structures to their emissions data for comprehensive Scope 1-3 carbon tracking. Acquired by Novisto on 2026-03-31.

Quantifiable outcome

• 700+ average metrics tracked per client
• +2 more outcomes

Named customers22 records

Segments1 record

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Scale indicators6 records

Recent moves6 records

Expansion highlights7 records

Direct peers

• Persefoni: Climate management and carbon accounting SaaS for enterprises — a direct competitor to Novisto's Carbon Management module and Minimum's Carbon Atlas.
• Sweep: Sustainability and carbon management platform serving mid-market and enterprise customers; overlaps with Novisto's ESG data, carbon accounting, and reporting modules.
• Watershed: Enterprise carbon accounting and climate platform directly competing with Novisto's Carbon Management and Scope 1-3 emissions modules.
• OneTrust: Trust intelligence platform covering ESG, GRC, and privacy; overlaps with Novisto in ESG data collection, governance workflows, and disclosure reporting.
• Workiva: Public SaaS platform for SEC, ESG, and sustainability reporting; the most direct competitor to Novisto in enterprise ESG disclosure and audit-trail-grade data management.
• Sphera: Enterprise ESG, EHS, and operational risk software suite; competes with Novisto across ESG data management and sustainability reporting for large enterprises.
• Diligent (Galvanize): Governance, risk, compliance, and ESG software suite (formerly Galvanize/ACL) — directly competes with Novisto in board-grade ESG data, audit, and disclosure workflows.

Broad incumbents

• Salesforce Net Zero Cloud: Carbon accounting and sustainability product embedded within the Salesforce CRM platform — a hyperscaler-bundled alternative that competes for ESG+CRM buyer mindshare.
• Microsoft Sustainability Manager: ESG and carbon data management cloud offering within the Microsoft Cloud for Sustainability stack; a hyperscaler-native competitor for enterprise sustainability data.

Emerging players

• Greenly: Carbon accounting platform focused on SMBs and mid-market; partial overlap with Novisto's carbon module but targets smaller customers and could move upmarket.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/channel/UCtgI_Sbq0Up-OuZiBXyfxXw
• LinkedInlinkedin.com/company/novisto
• Xx.com/novistoplatform
• Facebookfacebook.com/novisto.platform

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries1 record

Funding overview

Funding rounds5 records

Investors7 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Novisto