IFS, a well-known provider of enterprise cloud and Industrial AI software, has formed a strategic partnership with Climatiq, a platform specializing in carbon intelligence. This collaboration marks the introduction of IFS’s new Emissions Management module in IFS Cloud, a step that reflects the company’s commitment to integrating sustainability into business operations.
The Fusion of Industrial AI and Carbon Intelligence
The joining of industrial AI technology and expert carbon intelligence is poised to revolutionize how companies manage sustainability, particularly in today’s crucial times. Through this partnership, asset-intensive industries can not only monitor their carbon emissions but also reduce them efficiently while maintaining operational excellence.
Automating Emission Calculations with IFS Cloud
IFS Cloud seamlessly integrates Climatiq’s carbon calculation tools and a comprehensive database of scientifically approved emission factors, enabling automatic carbon estimation directly within essential business systems. The Emission Management module within IFS Cloud quickly establishes emission sources by leveraging the platform’s existing asset hierarchy.
Empowering Organizations with Emissions Management
The latest Emissions Management tool from IFS empowers organizations by automating emission calculations and embedding sustainability practices into their daily operations. With prebuilt templates and standard methodologies in IFS Cloud, businesses can conduct large-scale carbon analysis and gain precise, actionable insights into their carbon footprint.
Driving Sustainable Decision-Making
IFS and Climatiq emphasize their partnership with a joint white paper showcasing how IFS’s sustainability capabilities translate business data into valuable emissions insights. This guidance helps companies refine their reporting methods to comply with global standards like the Corporate Sustainability Reporting directive (CSRD), facilitating informed and eco-friendly decision-making processes.
Quotes from Industry Experts
“Sustainability regulations are constantly evolving, and our customers are facing increasing pressure to comply with these changing requirements while adapting to new circumstances,” 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 organizations to seamlessly incorporate sustainability into their daily operations, allowing them to adapt quickly and make informed decisions within their core systems.”
“This partnership combines IFS’s extensive industry knowledge with Climatiq’s carbon intelligence to prioritize climate impact in business decision-making,” said Hessam Lavi, CEO and co-founder at Climatiq. “By integrating emissions data directly into enterprise workflows and releasing a joint white paper outlining the path forward for scope 3 reporting, we are assisting customers in driving the green transition through practical, data-driven solutions and collaborative research.”
Validation from Sustainable Investment Front-Runners
IFS’s recent partnership is further bolstered by funding from Generation Investment Management, a leader in sustainable investing. This backing reflects IFS’s ongoing dedication to innovation in sustainability. The alignment with Climatiq showcases IFS’s commitment to pioneering environmentally responsible business solutions, in line with the principles of globally recognized sustainability investors.
