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IFS Cloud – Embedded Sustainability

IFS Cloud – Embedded Sustainability

Yayınlanma Tarihi

26 April 2024

IFS Cloud – Embedded Sustainability

Here are the main sustainability focus areas in IFS Cloud:

  1. Data at the source

    • Environmental‑finance consumption data: IFS Cloud manages and reports the data businesses need to understand their environmental impacts.

    • Social data for human capital management: Analyzes HR information to measure and improve social performance.

    • Embedded carbon intelligence (investment screening): Provides carbon tracking and reporting to factor environmental effects into investment decisions.

  2. From reporting to reduction

    • Real‑time emissions insights via Climatiq partnership: Analyze live emissions data and identify reduction opportunities (https://www.climatiq.io/).

    • AI‑driven insights: Uses artificial intelligence to generate sustainability‑focused analytic reports.

  3. Holistic IFS Cloud capabilities

    • Sustainable manufacturing: Integrates sustainability principles into production workflows.

    • Sustainable supply chain: Supports green‑supplier assessment and monitoring.

    • Asset performance management: Embeds sustainability criteria in asset‑management processes.

    • Servitization: Encourages transition from product‑centric to service‑centric models.

  4. CSRD compliance & advanced ESG reporting

    • Advanced analytics for CSRD: Delivers detailed, reliable reporting for the Corporate Sustainability Reporting Directive.

    • Audit‑partner collaboration for ESG excellence: Facilitates joint audits and performance improvements.

    • AI‑powered data automation: Automates ESG data collection and analysis.

    • Sustainability hub: Guides planning and execution of sustainability strategies.

  5. Emissions tracking

    • CSRD‑required emissions reporting: Simplifies reporting of mandatory Scope 1 and 2 emissions.

    • Climatiq integration for certified products: Calculates product‑level emissions via the Climatiq API.

  6. ESG dashboards

    • Organization‑wide insights: Provides analytics to foster a sustainability culture.

    • Real‑time ESG KPI monitoring: Enables informed decisions with live performance metrics.

  7. Product eco‑footprint

    • Part‑level eco‑footprints: Aggregates and calculates environmental impacts of components and finished goods.

    • Compliance reporting via REST APIs: Supports REACh, RoHS, and other regulatory filings.

  8. Circular‑economy operations

    • Remanufacturing support: Enables circular‑economy models for product reuse.

    • Costing for refurbished vs. new products: Calculates costs of remanufactured items.

    • Regulatory compliance updates: Adapts quickly to new environmental regulations.

  9. Supplier onboarding, audits & assessment

    • Automated supplier evaluation: Automates onboarding, auditing, and performance tracking.

    • Supplier benchmarking: Compares suppliers against KPIs for better sourcing decisions.

  10. Emissions calculations & targets

    • Scope 1 & 2 emissions calculations: Enables accurate tracking of direct and energy‑related emissions.

    • Target‑setting & monitoring: Supports management and tracking of reduction commitments.

Make informed decisions & save time by accessing all ESG data from a single system and leveraging real‑time insights to support your sustainability strategy.