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Intercorp Financial Services Partners with Climatiq to Enhance Sustainability Management Solutions

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Cashu
11 days ago
Cashu TLDR
  • Intercorp Financial Services partners with Climatiq to enhance sustainability through a new Emissions Management module in IFS Cloud.
  • The module automates carbon calculations, allowing organizations to gain accurate insights and stay compliant with sustainability regulations.
  • This collaboration reflects IFS's commitment to integrate sustainability into operations and lead innovation in the financial services industry.
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IFS
Intercorp Financial Services
5.31%

Innovative Partnership Enhances Sustainability Management at Intercorp Financial Services

Intercorp Financial Services (IFS), a leader in enterprise cloud and Industrial AI software, recently announces a strategic partnership with Climatiq, a prominent carbon intelligence platform. This collaboration coincides with the launch of IFS's new Emissions Management module within the IFS Cloud, marking a significant step in the company's ongoing commitment to integrate sustainability into core business operations. With an increasing focus on environmental responsibility, this partnership aims to empower organizations to make informed, carbon-aware decisions based on their operational data.

The Emissions Management module is a pivotal feature that integrates Climatiq's advanced carbon calculation engine and an extensive database of scientifically-verified emission factors. This functionality allows businesses to automate carbon calculations directly within their essential business systems. By providing prebuilt templates and established methodologies, the module simplifies the process of obtaining accurate carbon insights at scale. This integration not only enhances operational efficiency but also positions organizations to proactively address evolving sustainability regulations, thus enabling them to stay ahead in a rapidly changing regulatory environment.

Caitlin Keam, VP of Sustainability Applications at IFS, emphasizes that the new module allows organizations to quickly adapt to regulatory changes while gaining clear insights into their carbon footprint. She highlights that the collaboration with Climatiq merges industrial expertise with cutting-edge carbon intelligence, placing climate impact at the forefront of business decision-making. Hessam La from Climatiq adds that this partnership transforms business activity data into actionable emissions insights, streamlining reporting processes and helping companies align with global standards, such as the Corporate Sustainability Reporting Directive (CSRD). This strategic development underscores IFS's commitment to facilitating sustainable practices across asset-intensive industries.

In addition to enhancing sustainability efforts, the partnership between IFS and Climatiq signals a broader trend within the industry, where technology is increasingly leveraged to address environmental challenges. As companies face mounting pressure to comply with sustainability regulations and demonstrate their commitment to corporate responsibility, tools that provide accurate emissions tracking and reporting are becoming indispensable.

Overall, the collaboration between IFS and Climatiq paves the way for organizations to seamlessly integrate sustainability into their operations, ensuring that they not only meet regulatory requirements but also contribute positively to the environment. This initiative reflects a growing recognition of the importance of sustainability within the financial services industry and showcases IFS's leadership in driving innovation for a greener future.

The content provided here is for informational purposes only and should not be considered financial or investment advice. Investing in stocks carries risks, including potential loss of principal. Always do your own research and consult with a licensed financial advisor before making any investment decisions. We are not responsible for any losses or damages resulting from your use of this information.

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Intercorp Financial Services
NYSE: IFS
+2.00 (+5.31%)
39.66
USD
At close at Aug 12, 20:41 UTC
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