IFS, PwC UK to Launch Sustainability Management and Reporting Solution

Enterprise software company IFS and professional services provider PwC UK announced a new collaboration to launch a Sustainability Management Solution on the IFS Cloud platform. The solution is aimed at supporting companies in meeting sustainability disclosure requirements, including the EU’s new CSRD regulation, and embedding sustainable practices into their business operations. Under the new collaboration, IFS will develop the Sustainability Management module within IFS Cloud, while PwC will assist in the design and build, contributing expertise in ESG criteria and the regulatory landscape. Additionally, IFS Cloud customers will be able to enlist PwC services for guidance on sustainability reporting issues and tasks, such as conducting double materiality assessments and preparing for CSRD readiness. The new solution will help customers navigate the CSRD requirements and other emerging global regulatory standards, with features including out-of-the-box CSRD metrics, data mapping, approval workflows, target setting, and insights, as well as a library of KPIs supported by PwC ESG experts. The first version of the new module is currently under development and anticipated to be released in late November. Resources: https://www.esgtoday.com/ifs-pwc-uk-to-launch-sustainability-management-and-reporting-solution/