Ifs Sustainability Profile
IFS, or Industrial and Financial Systems, is a leading global enterprise software provider headquartered in Sweden (SE). Founded in 1983, IFS has established a strong presence in key operational regions, including North America, Europe, and Asia-Pacific. The company specialises in enterprise resource planning (ERP), enterprise asset management (EAM), and service management solutions, catering primarily to industries such as manufacturing, construction, and aerospace. With a commitment to innovation, IFS has achieved significant milestones, including the launch of its cloud-based solutions that enhance operational efficiency and agility. The company is recognised for its unique ability to deliver industry-specific functionalities, setting it apart in a competitive market. IFS continues to solidify its position as a trusted partner for organisations seeking to optimise their business processes and drive digital transformation.
DitchCarbon Score
How does Ifs's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Computer Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Ifs's score of 68 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ifs's reported carbon emissions
In 2024, IFS reported total carbon emissions of approximately 32.9 million kg CO2e, comprising Scope 1 emissions of about 662,000 kg CO2e, Scope 2 emissions of approximately 2,400,000 kg CO2e, and Scope 3 emissions of around 32.2 million kg CO2e. This marks an increase from 2023, where total emissions were about 27.5 million kg CO2e, with Scope 1 at 354,000 kg CO2e, Scope 2 at approximately 2.3 million kg CO2e, and Scope 3 at about 27 million kg CO2e. IFS has set ambitious climate commitments, including a target to reduce absolute Scope 1 and 2 greenhouse gas emissions by 42% by 2030 from a 2022 base year. Additionally, the company aims to cut Scope 3 emissions from purchased goods and services, business travel, and employee commuting by 25% within the same timeframe. These targets have been validated by the Science-Based Targets initiative (SBTi) as consistent with the reductions required to limit global warming to 1.5°C. The company is also committed to achieving carbon neutrality by 2025, which encompasses Scope 1, Scope 2, and Scope 3 emissions related to business travel. IFS's emissions data is sourced directly from its own reporting and does not cascade from any parent organization.
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| 2019 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|
| Scope 1 | 284,400 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,291,100 | 0,000,000 | 0,000,000 | 00,000 | 00,000 |
| Scope 3 | 131,342,100 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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Ifs's Scope 3 Categories Breakdown
Ifs's Scope 3 emissions, which increased by 19% last year and decreased by approximately 76% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Employee Commuting" being the largest emissions source at 89% of Scope 3 emissions.
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Ifs's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Ifs has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Ifs's sustainability data and climate commitments
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