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IFS Collaborates with Climatiq for Advanced Emissions Management

In a significant move towards enhancing sustainability practices in business operations, IFS, a renowned provider of enterprise cloud solutions and Industrial AI software, has announced a strategic partnership with Climatiq, a platform specializing in carbon intelligence. This alliance coincides with the introduction of a new Emissions Management module within IFS Cloud, signifying IFS's commitment to integrating sustainability into its core operations.

The Importance of Sustainability in Business

The partnership stems from a growing recognition that sustainability is no longer a luxury but a necessity for contemporary businesses. As companies face increasing pressure from regulatory bodies and consumers to adopt environmentally friendly practices, having precise emissions management tools embedded into operational frameworks is paramount. The need for actionable insights into carbon emissions helps businesses not only comply with standards but also to thrive in an evolving market where sustainability is becoming a crucial factor in competitive advantage.

Integrating Climate Intelligence with Business Operations

The newly launched Emissions Management module is designed to facilitate the automatic calculation of carbon emissions, enabling businesses to track their carbon footprint effectively. By embedding Climatiq's sophisticated carbon calculation engine within the IFS Cloud infrastructure, organizations can leverage an extensive database of scientifically validated emission factors. This integration allows for seamless and consistent emissions tracking while ensuring a swift setup process tailored to each company's operational framework.

With the Emissions Management module, IFS Cloud users can utilize prebuilt templates and established best practices to maximize the accuracy of their carbon insights. This not only simplifies the tracking of emissions but also supports organizations in meeting global standards such as the Corporate Sustainability Reporting Directive (CSRD). The automation aspect means that sustainability considerations become part of day-to-day decision-making rather than an afterthought.

Collaboration for a Sustainable Future

To bolster this initiative, IFS and Climatiq have collaborated on a comprehensive white paper, titled IFS Cloud Carbon Emissions Scope 3 Overview and Statement of Direction. The document delineates how organizations can harness IFS's embedded sustainability capabilities to convert operational data into actionable insights regarding emissions management. This transformation is critical, as companies strive to refine their reporting processes and integrate more sustainable practices into their operational ethos.

Caitlin Keam, Vice President of Sustainability Applications at IFS, articulated the urgency of adapting to changing sustainability regulations and the resulting pressures on customers. By melding the verified emissions database from Climatiq with the operational framework of IFS Cloud, the partnership enables organizations to swiftly adapt while gaining valuable insights for informed decision-making.

Hessam Lavi, the CEO and co-founder of Climatiq, emphasized how the fusion of IFS's industry knowledge with Climatiq's carbon intelligence will bring sustainability to the forefront of business decisions. He noted that by embedding emissions data into enterprise workflows, businesses can transform their approach to sustainability into a proactive initiative rather than a reactive obligation.

Long-Term Commitment to Sustainability

This partnership is also indicative of IFS's broader investment in sustainable initiatives, bolstered by recent support from Generation Investment Management, a pioneer in sustainable investment. Such backing not only affirms IFS's dedication to sustainability but also illustrates how the company is leading innovation towards a greener, more responsible future.

As industries continue to grapple with the challenges of sustainability, the collaboration between IFS and Climatiq represents a powerful stride towards effective emissions management. By equipping organizations with the tools to comprehensively understand and manage their carbon footprint, they are laying the groundwork for a more sustainable future in the global business landscape.