IFS launches Emissions Management module in collaboration with Climatiq

IFS, renowned for its enterprise cloud and Industrial AI software, has strategically partnered with Climatiq, a carbon intelligence platform. This collaboration heralds the unveiling of IFS's new Emissions Management module in IFS Cloud, a move that aligns with the company's strategy to incorporate sustainability into business functions.

The confluence of industrial AI and expert carbon intelligence is set to transform sustainability management across companies, especially during these critical times. This partnership enables asset-intensive industries not only to oversee their carbon output but also to effectively scale down emissions while maintaining operational excellence.

IFS Cloud integrates Climatiq’s carbon calculation tools and a vast database of scientifically-approved emission factors, allowing for automatic carbon estimation from within essential business systems. The Emission Management module swiftly and systematically builds emission sources, leveraging IFS Cloud's existing asset hierarchy.

The latest Emissions Management tool empowers organisations by automating emission calculations and embedding sustainability into routine operations. The module's prebuilt templates and standard methodologies in IFS Cloud facilitate large-scale carbon analysis, ultimately enabling businesses to gain accurate, actionable carbon insights.

IFS and Climatiq underscore the collaboration with a joint white paper that demonstrates how IFS's sustainability capabilities transform business data into emissions insights. This guidance assists companies in refining their reporting methods to meet global standards such as the Corporate Sustainability Reporting directive (CSRD), paving the way for informed, eco-friendly decision-making processes.

“Sustainability regulations are under constant change and review, and our customers are under increasing pressure to meet these evolving obligations while continuing to adapt,” said Caitlin Keam, VP of Sustainability Applications at IFS. “By integrating Climatiq’s verified emissions factor database into Emissions Management in IFS Cloud, we enable organisations to embed sustainability into day-to-day operations, allowing them to adapt quickly, gain clear insights, and make better decisions directly within their core system.”  

“This partnership brings together IFS’s deep industry expertise and Climatiq’s carbon intelligence to put climate impact at the heart of business decision-making,” said Hessam Lavi, CEO and co-founder at Climatiq. “By embedding emissions data directly into enterprise workflows and releasing a joint white paper that outlines the path forward for scope 3 reporting, we are helping customers power the green transition through practical, data-driven solutions and collaborative research.” 

IFS’s latest partnership is further validated by funding from Generation Investment Management, a front-runner in sustainable investment, reflecting IFS's enduring commitment to innovation in sustainability. The synergies with Climatiq encapsulate IFS's dedication to pioneering environmentally responsible business solutions, aligning with the principles of globally acclaimed sustainability investors.