Novisto Acquires Minimum And Advances The Integration Of Carbon And Sustainability Management
On March 31, Canadian-based Novisto announced its acquisition of UK-based carbon management software provider Minimum. This acquisition comes shortly after Novisto announced $27 million in Series C funding, alongside plans to use this investment to enhance its sustainability platform and increase its presence in Europe.
In our 2025 Green Quadrant on ESG and sustainability reporting software, Novisto was recognized as a user-friendly sustainability platform with strong data integration capabilities. With the acquisition of Minimum, Novisto expands its offering to include more advanced carbon management functionality, such as:
- flexible carbon data ingestion.
- granular Scope 1 and emissions accounting.
- Scope 3 accounting, including financed emissions and supplier engagement.
- decarbonization target tracking.
Minimum also has the ability to model organizational complexity, enabling Novisto to deliver carbon management requirements across a variety of sectors, including automotive, energy, manufacturing and telecoms.
Prior to the acquisition, Novisto and Minimum had an established partnership and shared several enterprise customers, such as Synopsys, Inc. By initially partnering with Minimum, Novisto gained visibility into Minimum’s carbon accounting capabilities and customer requirements before acquiring the provider outright.
Broader market trends
Novisto’s acquisition reflects a broader shift in customer demand and a growing preference for integrated solutions that can streamline data collection, improve consistency and reduce the operational burden of managing multiple systems. According to our 2025 global corporate survey, for example, more than 75% of sustainability leaders are either evaluating or already using a single platform for both sustainability reporting and carbon management. This shows how firms’ tech stacks are evolving, as decision-makers are looking for solutions that can manage both wide-ranging sustainability data and still support granular emissions accounting and reporting requirements.
Over the past few years, many software vendors have adapted their offerings in response to this evolving demand, expanding their sustainability reporting and/or carbon management capabilities across both domains through build, buy and partner strategies. However, partnerships are becoming a less dominant route to capability expansion as the vendor landscape continues to mature and consolidate.
This trend is reflected in the fact that 11 vendors participated in the most recent Verdantix Green Quadrants for both sustainability reporting software and carbon management software. Among this number is Sweep, which expanded from core carbon management to integrated sustainability management and reporting capabilities, and Workiva, which expanded its sustainability reporting functionality with the acquisition of carbon management vendor Sustain.Life in 2024. We expect more acquisitions in the year ahead, as vendors compete to deliver more comprehensive platforms to meet customer needs.
To learn more about the sustainability reporting and carbon management software market, read the following reports:
About The Author
Jessica Pransky
Principal Analyst
