La Caisse Invests in Montreal-Based Sustainability Reporting Software Provider Novisto

Quebec-based institutional investor La Caisse has made a new investment in Montreal-based sustainability reporting software company Novisto, aimed at accelerating the company's growth as regulatory pressure on corporate sustainability disclosures intensifies globally. The investment follows a $27 million financing round by Novisto last year and its earlier acquisition of carbon management software company Minimum.

Founded in 2019, Novisto provides sustainability data management and reporting software for global enterprises, enabling companies to collect, manage, and report ESG data in compliance with evolving frameworks and standards. La Caisse — formerly CDPQ — launched a 2025–2030 climate strategy last year with a goal to reach $400 billion in climate action investments by 2030. Several of La Caisse's existing portfolio companies, including CAE, Boralex, and Couche-Tard, already use the Novisto platform, aligning the investment with the broader strategy of backing climate-solution companies that serve La Caisse's own ecosystem.

The investment comes as demand for robust sustainability reporting infrastructure grows in response to the EU's CSRD, ISSB standards adoption across jurisdictions, and California's climate disclosure laws. Sustainability data management is increasingly viewed as a corporate resilience pillar, requiring companies to maintain auditable data capable of supporting disclosures to investors, regulators, and supply chain partners. Novisto's platform is positioned to support this growing need across large multinational enterprises.

La Caisse's backing provides Novisto with both capital and strategic credibility through its association with a major institutional investor known for integrating sustainability into investment decisions. As Indian companies — particularly those listed on international exchanges or subject to BRSR Core disclosure requirements — scale their sustainability data management infrastructure, solutions like Novisto that combine data collection, framework adaptation, and reporting streamlining will find growing relevance in the Indian enterprise software market.

Key figure — $27 million financing round completed by Novisto in 2025 prior to La Caisse investment