Novisto Named to Deloittes 2025 Technology Fast 50
3 minute readPublished: Monday, October 27, 2025 at 1:42 pm
Novisto Soars on Deloitte's Fast 50 List, Reflecting ESG Software Boom
Toronto-based Novisto has secured a spot on Deloitte Canada's 2025 Technology Fast 50, ranking 15th with an impressive 2,910% revenue growth between 2021 and 2024. This recognition highlights the company's rapid expansion in the burgeoning Environmental, Social, and Governance (ESG) data management and reporting software market. The Fast 50 program acknowledges Canadian technology firms demonstrating significant revenue growth, innovation, and leadership.
Founded in 2019, Novisto provides software solutions designed to automate sustainability disclosures for corporations and investors. The platform helps users align with evolving global standards like the International Sustainability Standards Board (ISSB) and the Corporate Sustainability Reporting Directive (CSRD). The company's CEO, Charles Assaf, attributes the success to a shift in corporate mindset, with businesses increasingly integrating sustainability into their core strategies rather than viewing it solely as a compliance requirement.
The ESG software market is experiencing substantial growth, driven by increasing regulatory pressure and the demand for verifiable climate claims. Analysts predict the global market will exceed $4 billion by 2027. This growth is fueled by the need for integrated data platforms that streamline reporting and unify sustainability, risk, and financial reporting systems.
Novisto's inclusion in the Fast 50 underscores the growing intersection of technology and climate initiatives in Canada. The recognition also makes Novisto eligible for the North American Technology Fast 500, potentially expanding its reach to cross-border investors and clients. This comes as Canadian regulators prepare to introduce mandatory ESG reporting aligned with international standards, which is expected to further boost demand for digital solutions.
BNN's Perspective:
The rapid growth of Novisto and its recognition by Deloitte signal a significant trend: ESG is no longer a niche concern but a core business imperative. While the regulatory landscape is complex, the demand for robust, verifiable data is clear. Companies that can provide solutions to streamline reporting and integrate sustainability into business strategy are well-positioned for continued success. This is a positive development for both the Canadian tech sector and the broader push towards sustainable business practices.
Keywords: Novisto, Deloitte, Technology Fast 50, ESG, sustainability, data management, reporting, revenue growth, CSRD, ISSB, climate disclosure, Canadian tech, software, finance, governance, innovation, business resilience, investor confidence.