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IFS Announces New Sustainability Management Module

IFS, today announces that a new Sustainability Management Module is available in the 24R2 version of IFS Cloud as part of a collaboration with PwC UK. The powerful module includes new features which have been developed to help customers simplify and efficiently manage sustainability data collection and performance tracking across the organization.  

Many large companies operating in the EU are obliged to comply with the CSRD from 2025, requiring urgent readiness action now. A key area which is holding organizations back is in data management. IFS Cloud provides the confidence that all data being used to measure and support reporting is accurate and up to date.  

Designed for ease-of-use, the Sustainability Management Module streamlines complex data collection, with IFS Cloud providing a single source of organization-wide data that is essential for accurate reporting. 

The Sustainability Management Module has been designed in collaboration with PwC’s ESG experts to ensure features are comprehensive, standardized and can become interoperable with other forthcoming directives in the future. IFS Cloud customers will also have the option to use PwC’s expert ESG advisory services, including entity scoping, double materiality assessments, gap assessments, and implementation planning to support compliance with the CSRD and with the implementation of their sustainability reporting strategy. 

Insights from the module will empower organizations to drive sustainability action that supports greater ESG transparency and provide companies with a competitive edge by helping to optimize resources and minimize waste, delivering long-lasting business value. 

Key Features of IFS Cloud Sustainability Management Module:  

  • One central location for sustainability related data across organizational entities 
  • An extensive KPI catalog with “out of the box” CSRD metrics to easily select those most relevant to the business and operations. “Create your own” also available 
  • Ability to set long-term organizational goals and track performance 
  • Allow customers to create sustainability plans with targets linked to customer’s agreed KPIs  
  • Transparently disclose progress and outcomes for each reporting period  

A crucial component of the Sustainability Management Module is the KPI Catalog, which facilitates the comprehensive management of sustainability KPIs. The KPI Catalog ensures that organizations can track relevant sustainability metrics consistently and accurately. Furthermore, the module streamlines the management of sustainability data and goals, offering a comprehensive solution that ensures sustainability initiatives are fully integrated into the organization’s overall business strategy. This integration helps organizations meet regulatory requirements, respond to stakeholder expectations, and achieve their long-term sustainability objectives effectively. 

Iain Anderson, ESG Technology & Data Leader, PwC UK, said: 

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