Key Impact Points:

• IFS Cloud’s new Sustainability Management Module simplifies sustainability data collection and tracking.
• Collaboration with PwC ensures compliance with the Corporate Sustainability Reporting Directive (CSRD) for 2025.
• IFS Cloud provides a single source of truth for accurate, organization-wide sustainability data.

Why it matters: 

Large companies in the EU must comply with the Corporate Sustainability Reporting Directive (CSRD) starting in 2025. Many struggle with managing sustainability data. IFS Cloud’s new Sustainability Management Module, developed in collaboration with PwC, offers a streamlined solution to simplify this challenge.

What’s new: 

IFS has launched the Sustainability Management Module as part of its 24R2 version of IFS Cloud. This powerful tool helps organizations manage sustainability data, set long-term goals, and track performance across the company.

The big picture: 

IFS Cloud’s new module ensures that organizations have accurate and up-to-date data for CSRD reporting. With PwC’s ESG expertise, the module helps businesses integrate sustainability into their overall strategy, optimizing resources and minimizing waste.

Related Article: Good.Lab Launches New CSRD Sustainability Reporting Solution  

Key Features:

• One central hub for all sustainability-related data.
• Pre-set and customizable CSRD metrics.
• Tools to set and track long-term sustainability goals.
• Transparent progress tracking and reporting for each reporting period.

What they’re saying: 

Sophie Graham, Chief Sustainability Officer, IFS, said:
“Business success extends beyond profit margins, in lockstep with championing environmental stewardship for lasting impact. The introduction of the Sustainability Management Module enables our customers to make a huge leap towards achieving their sustainability goals and see value quickly.”

Iain Anderson, ESG Technology & Data Leader, PwC UK, added:
“Accurate and comprehensive ESG data is essential for organizations to comply with regulations, build trust, and make informed decisions. Through our collaboration with IFS, we provide valuable insights and support to help businesses navigate the evolving regulatory landscape.”

Looking ahead: 

The Sustainability Management Module empowers businesses to meet regulatory requirements and achieve long-term sustainability objectives, providing them with a competitive edge and enhanced ESG transparency.