The Carbon Border Adjustment Mechanism (CBAM)
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In this article, we break down what the EU CBAM is, how it works, and what businesses need to do to comply.
ESG / CSR
Industries
MEASURE
ACT
COMFORM
The 10 Best IFRS Tools in 2025 (And How to Choose One)
Level
As sustainability reporting becomes more regulated, businesses around the world are under growing pressure to disclose clear, consistent information on their environmental and climate-related risks. In response, the International Financial Reporting Standards Foundation (IFRS) has introduced two global disclosure standards – IFRS S1 and IFRS S2 – setting a new benchmark for sustainability transparency.
But implementing these standards is no easy task. Companies need to collect ESG data across departments, assess climate risks, map disclosures to financial outcomes, and report in a way that satisfies investors and regulators alike.
“ That’s where IFRS reporting tools come in – smart platforms that help streamline data collection, automate disclosures, and ensure full alignment with IFRS S1 and S2 requirements. ”
In this article, we’ll:
- Introduce the 10 best IFRS-aligned sustainability platforms in 2025
- Explore the key benefits of using IFRS-compliant software
- Help you choose the right tool for your business
- Answer the most common questions about IFRS S1 and S2
Whether you’re preparing your first sustainability report or scaling your ESG strategy across multiple entities, this guide will help you find a solution that fits your needs, sector, and reporting obligations.
What is an IFRS tool?
An IFRS tool is a sustainability software platform that helps companies generate disclosures aligned with the IFRS Sustainability Disclosure Standards (S1 and S2). These tools simplify ESG data collection, automate climate and sustainability reporting, and support compliance with global investor and regulatory expectations.
The 10 Best IFRS Tools in 2025
With more platforms offering AI-powered workflows, audit-ready exports, and compatibility across global frameworks, choosing the right IFRS reporting tool can feel overwhelming. That’s why we’ve compared the most promising solutions on the market – from intuitive entry-level tools to powerful enterprise-grade platforms.
Below, we reveal our top 10 picks for 2025:
| 🥇 The Top 10 IFRS Tools in 2025 | Highlight feature |
|---|---|
| 10. Lucanet | Excel-friendly IFRS data integration with scenario automation |
| 9. Workiva | Real-time collaboration and XBRL tagging for IFRS S1/S2 |
| 8. Plan A | Modular ESG suite with IFRS-ready templates and KPIs |
| 7. Tracera | AI-assisted disclosures with full IFRS framework tracker |
| 6. CCH Tagetik | Audit-ready ESG and IFRS reporting with financial integration |
| 5. IBM Envizi | Enterprise ESG reporting aligned to IFRS and CSRD |
| 4. Persefoni | Carbon-to-disclosure automation with investor-grade outputs |
| 3. Sweep | Scope 3 automation and peer benchmarking for IFRS S2 |
| 2. NeoEco | Financially-integrated ESG with IFRS-grade traceability |
| 1. Greenly | Real-time IFRS S1/S2 workflows with AI audit tools and expert support |
Scroll on for pricing, features, and why each one made the list.
10. Lucanet
Pricing: Custom pricing based on company size, number of entities, and modules used
Location: Headquartered in Germany, serving clients across Europe and internationally
Key features:
- Seamless integration of ESG and financial data for IFRS S1 and S2 alignment
- Automated scenario analysis tools for climate-related disclosures (e.g. 1.5°C or 2°C pathways)
- Excel-compatible workflows with bulk import functionality and error-reduction automation
- Drill-down capabilities for transparent traceability and audit-readiness
- Supports multi-framework disclosures (IFRS, CSRD, GRI) through structured reporting modules
Types of customers: Lucanet is ideal for mid-sized to large companies looking to centralize ESG and financial data within a single IFRS-compliant reporting environment. Its Excel-friendly design makes it especially appealing to finance teams transitioning from spreadsheet-based workflows to audit-ready sustainability reporting.
9. Workiva
Pricing: Enterprise-level pricing available on request, typically based on modules and number of users
Location: Headquartered in the United States, with a global client base and offices across Europe, APAC, and North America
Key features:
- Real-time collaboration across teams with live document editing, commenting, and version control
- Native support for IFRS S1 and S2 frameworks, including TCFD-aligned climate risk disclosures
- Automated XBRL tagging for machine-readable, regulator-ready reports
- Seamless integration with ERP, ESG, and financial systems to unify sustainability and finance data
- Powerful audit trails and workflow tools to support governance and assurance requirements
Types of customers: Workiva is a top choice for large enterprises and multinational organizations that need to manage complex sustainability disclosures across teams, departments, and geographies. It’s especially well-suite
8. Plan A
Pricing: Customized plans based on company size, selected modules, and reporting scope
Location: Headquartered in Germany, with clients across Europe and expanding globally
Key features:
- Modular ESG platform supporting IFRS S1 and S2 disclosures alongside CSRD, SBTi, and EU Taxonomy
- Built-in double materiality assessments with stakeholder engagement workflows
- Scope 1, 2, and 3 emissions tracking aligned with the GHG Protocol
- Smart KPIs and pre-configured templates for seamless investor-grade reporting
- Automated data workflows and visual dashboards to monitor sustainability performance in real time
Types of customers: Plan A is well-suited to SMEs and mid-sized companies looking for a flexible, all-in-one ESG suite that supports both IFRS and CSRD compliance. It’s especially valuable for businesses operating in Europe that want to prepare for future regulations while managing emissions, targets, and disclosures from a central platform.
7. Tracera
Pricing: Tiered SaaS pricing; available on request based on company size and reporting scope
Location: Based in the UK, with clients across Europe, North America, and Asia-Pacific
Key features:
- Fully structured IFRS S1 and S2 reporting framework with a dynamic completion tracker
- Collaborative disclosure workflows with real-time editing, comments, and approval chains
- AI-assisted qualitative input for narrative sections like governance, strategy, and risks
- System integrations with ERP, ESG, and supply chain tools for seamless data sync
- Export-ready reports with audit trails, version control, and investor-facing outputs
Types of customers: Tracera is built for mid-sized to large companies that need a practical, collaborative way to structure and automate their IFRS S1/S2 disclosures. It’s especially valuable for teams managing complex data flows across departments or geographies, and for those looking to streamline qualitative reporting through AI.
6. CCH Tagetik
Pricing: Enterprise pricing available on request; typically modular depending on reporting needs and company size
Location: Global presence through Wolters Kluwer, with strong reach in Europe, North America, and Asia-Pacific
Key features:
- End-to-end ESG and financial performance management aligned with IFRS S1 and S2
- Automated data consolidation from ERP, ESG, and operational systems
- Built-in audit trails, version control, and workflow approvals for compliance assurance
- Pre-configured templates for climate risk disclosures, materiality, and GHG reporting
- Integration with CSRD, GRI, SASB, and EU Taxonomy frameworks for multi-standard coverage
Types of customers: CCH Tagetik is best suited for large enterprises and multinational organizations that want to unify financial and sustainability reporting in one platform. Its robust financial integration and modular ESG capabilities make it ideal for CFO-led teams seeking IFRS alignment alongside broader corporate performance management.
5. IBM Envizi
Pricing: Custom enterprise pricing depending on scale, modules, and integrations
Location: Headquartered in the United States, with global availability and support
Key features:
- Enterprise-grade platform for emissions management, ESG data capture, and regulatory reporting
- Full support for IFRS S1 and S2, CDP, GRI, CSRD, and more
- Streamlined data import from energy bills, ERP systems, and IoT devices
- Strong visual dashboards, scenario modelling, and performance tracking tools
- Seamless integrations with IBM’s broader AI and automation stack, including Maximo and Tririga
Types of customers: IBM Envizi is ideal for large organizations managing complex operations across geographies or business units. It’s particularly valuable for companies with mature sustainability programs that need granular control over data pipelines, predictive analytics, and enterprise system compatibility.
4. Novisto
Pricing: Custom pricing depending on modules, user tiers, and integrations
Location: Canada (with global clients across North America, Europe, and Asia)
Key features:
- Built-in support for IFRS S1 and S2, with granular alignment to SASB, GRI, and CSRD
- Centralized ESG data platform that supports structured disclosures and real-time insights
- Powerful data governance capabilities, including audit trails, role permissions, and validation checks
- AI-enabled tagging, metrics mapping, and content quality checks for high-assurance reporting
- Seamless collaboration tools for cross-functional sustainability and finance teams
Types of customers: Novisto is particularly popular among mid-sized to large firms with ESG teams managing multi-framework reporting. It’s well-suited for organizations that want both control and flexibility – combining automated data flows with expert-led customization and high levels of assurance.
3. Persefoni
Pricing: Free ‘Pro’ tier available. Advanced and enterprise plans are priced on request.
Location: United States (with global reach)
Key features:
- Native support for IFRS S1/S2, SEC, CSRD, and other global disclosure frameworks
- Climate accounting engine built on the GHG Protocol, with embedded audit trails
- Real-time dashboards, decarbonization modelling, and financed emissions tracking
- Integrated data assurance workflows and pre-built templates for investor-grade reporting
- Robust API and integrations with ERP, HR, and procurement systems
Types of customers: Large enterprises, financial institutions, and investment firms seeking an audit-grade carbon accounting and climate disclosure platform. Ideal for teams preparing for multiple regulatory frameworks or requiring third-party assurance support.
2. FigBytes
Pricing: Custom pricing based on organization size, modules selected, and implementation scope
Location: Headquartered in Canada, with a global presence
Key features:
- Unified ESG platform covering emissions, water, social impact, and more
- Full support for IFRS S1 and S2, with built-in alignment to CSRD, GRI, and SASB
- “Impact-in-Motion” data visualization engine for real-time, dynamic storytelling
- Policy management and integrated risk and governance features
- Audit-ready outputs with strong controls and assurance functionality
Types of customers: FigBytes is designed for mid-sized to large organizations with a strategic focus on ESG performance and stakeholder engagement. It’s especially useful for companies managing complex sustainability data across business units and reporting frameworks, who want to communicate impact with clarity and confidence.
1. Greenly
Pricing: Pricing available on request – tailored to company size, scope, and support needs
Location: Headquartered in France, with a global client base across Europe, North America, and APAC
Key features:
- End-to-end platform fully aligned with IFRS S1 and S2, as well as CDP, CSRD, TCFD, and SB253/SB261
- Smart GHG accounting powered by Greenly AI for fast, audit-ready reporting
- Double materiality and climate risk assessments with dynamic dashboards
- Scenario planning tools to test resilience across multiple climate pathways
- Auto-filled ESG data fields across 15+ frameworks, with built-in audit trails and version control
- Dedicated climate experts and personalized onboarding for every client
Types of customers: Ideal for small to large businesses looking to streamline their IFRS S1/S2, TCFD, and CSRD compliance. Especially suited for companies in highly regulated sectors or those seeking investor-grade reporting with expert guidance at every step.
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What are the benefits of an IFRS software?
Switching from spreadsheets to a dedicated IFRS reporting platform isn’t just about meeting disclosure requirements – it’s about transforming how your organization approaches climate risk, strategy, and accountability. Here’s what you gain:
Save time on IFRS climate disclosures
Automated reporting reduces the manual burden of climate disclosures
Save time by using software built for IFRS-compliant sustainability reports, without the spreadsheet stress.
Understand risks and financial impacts
Identify transition and physical risks across your operations
Link climate risks to financial strategy with tools aligned with IFRS sustainability standards.
Ensure data traceability and compliance
Use investor-grade tools to manage IFRS-aligned ESG data
Maintain audit trails and ensure consistency with the best reporting software for ESG disclosures.
Collaborate across departments
Make IFRS compliance a shared responsibility
Assign roles and manage workflows across sustainability, finance, and risk teams with a single platform.
Generate investor-ready reports
IFRS S1 and S2 disclosures at your fingertips
Produce version-controlled, stakeholder-grade reports that meet global IFRS sustainability standards.
Be future-ready
A future-proof platform for sustainability disclosures
Easily scale from TCFD to IFRS to CSRD and beyond, with solutions for implementing IFRS sustainability guidelines.
How to choose the right IFRS tool for your business
With more platforms now supporting IFRS-compliant sustainability disclosures, it can be tricky to know which solution is right for your organization. Here’s what to look for when choosing a reporting tool:
1. Start with your business size and internal resources
- Do you have a dedicated sustainability or ESG manager?
- Will different team members need access to input data?
- Are you looking for a one-time report or an ongoing sustainability strategy?
Smaller companies often benefit from intuitive platforms with step-by-step support. Larger or more complex businesses may need a modular, scalable solution with team-based permissions and integrations.
2. Look for IFRS-specific functionality
Not all ESG software is purpose-built for the IFRS Sustainability Disclosure Standards. The best tools for IFRS-aligned ESG data offer:
Smart filtering based on IFRS materiality and sector relevance
Templates aligned with ISSB S1 and S2 standards
Export formats for regulators, stakeholders, and auditors
Clear prompts and AI-powered guidance for complex disclosures
While some platforms repurpose CSRD or SEC modules, the most effective IFRS reporting platforms are designed specifically for global baseline compliance.
3. Consider collaboration and support needs
IFRS climate disclosures often require input from finance, legal, operations, and sustainability teams. Look for a platform that:
- Enables cross-functional collaboration
- Tracks edits and approvals across departments
- Provides access to expert support or technical guidance
💡 Bonus: Some tools offer consultant-backed onboarding or embedded support for IFRS ESG disclosure requirements.
4. Weigh cost against compliance confidence
Prices for IFRS-compliant sustainability software vary widely. Be sure to:
Understand the pricing model – per site, per report, or per user?
Avoid overpaying for frameworks you don’t need (like EU-specific modules)
Ensure output matches the expectations of IFRS-aligned investors and regulators
5. Future-proof your platform
IFRS sustainability standards are evolving – and so are stakeholder expectations. Check whether your chosen software can:
- Scale to support CSRD, SEC, or voluntary TCFD frameworks
- Incorporate new metrics from the ISSB or other global bodies
- Integrate with finance, carbon, and supply chain software
Final tips before you choose:
- ✅ Is the platform built for IFRS sustainability compliance or just adapted?
- ✅ Are the export and audit outputs aligned with investor and regulator needs?
- ✅ Will it support collaboration across your finance, risk, and ESG teams?
- ✅ Is it flexible enough to evolve with global sustainability standards?
- ✅ Are AI-powered insights or automation features available to reduce workload?
IFRS Q&A
The IFRS sustainability standards refer to a global baseline of ESG disclosure rules created by the International Sustainability Standards Board (ISSB). The two core standards are:
- IFRS S1: General sustainability-related disclosures
- IFRS S2: Climate-related disclosures, aligned with the TCFD framework
They aim to ensure that investors receive consistent, comparable, and reliable sustainability data across markets.
That depends on your jurisdiction:
- UK: Large companies may be required to apply IFRS standards from 2026, depending on final endorsement decisions.
- EU: CSRD remains the primary framework, but interoperability is being built in.
- Other countries: Australia, Canada, Singapore, and others are already adopting or phasing in IFRS rules.
So even if they’re not yet mandatory for your company, they likely will be soon.
Look for tools that:
- Are explicitly aligned with IFRS S1 and S2
- Help perform materiality assessments based on investor expectations
- Enable TCFD-style risk disclosures and sector-specific metrics
- Offer audit-ready exports and cross-framework tagging
Greenly offers built-in IFRS templates, automated data syncs, AI-supported drafting, and guided walkthroughs.
There’s no one-size-fits-all, but the best tools tend to offer:
- Sector-specific disclosure presets
- AI suggestions for complex fields
- Finance and risk system integrations
- Export options tailored to investor and regulator needs
Platforms like Greenly, Workiva, and Persefoni are popular choices.
- IFRS vs CSRD: IFRS is investor-focused and global, while CSRD is broader (including double materiality and social issues) and EU-based.
- IFRS vs TCFD: IFRS S2 builds directly on TCFD but requires more structured, standardized disclosures.
Yes – even if IFRS isn’t (yet) mandatory:
- US companies: Gain credibility with global investors and prepare for SEC rules.
- UK companies: Are likely to be early adopters as endorsement moves forward in 2025–2026.
IFRS tools are a smart choice for building long-term sustainability reporting capacity.
Yes. These tools are designed to meet investor expectations around risk, opportunity, and performance. IFRS-aligned platforms can improve transparency and boost confidence with analysts, shareholders, and lenders.
Many IFRS reporting tools (like Greenly) are built to support:
- CSRD, SEC, or voluntary TCFD disclosures
- ISSB updates and evolving global metrics
- Integration with carbon accounting and finance systems
That means you won’t need to rebuild your reporting system each time a new framework appears.
Greenly’s support for IFRS sustainability reporting
Greenly supports companies preparing for IFRS-aligned sustainability disclosure, with built-in templates, automated data integration, and guided workflows. Whether you’re adopting IFRS S1 or S2 voluntarily or in anticipation of regulation, our platform is designed to streamline ESG reporting and ensure that it's aligned with investor expectations.
| What we offer | How it helps |
|---|---|
|
1. IFRS-aligned templates and workflows
|
Use built-in templates for IFRS S1 and S2 to structure your disclosures clearly and consistently. |
|
2. Automated data integration
|
Sync data from your finance, risk, and ESG systems to reduce manual work and ensure consistency across reports. |
|
3. AI-assisted disclosure drafting
|
Streamline your reporting process with AI-supported suggestions for key IFRS disclosure fields. |
|
4. Guided reporting support
|
Follow step-by-step workflows that help you understand what’s required – and how to meet it – under IFRS. |
Find out more about our IFRS offering on our dedicated page – or reach out to our team to get started.
Sources:
- Greenly, What is ESG data and how to use it
https://greenly.earth/en-gb/blog/company-guide/what-is-esg-data-and-how-to-use-it - Greenly, What are IFRS Sustainability Disclosure Standards?
https://greenly.earth/en-gb/blog/company-guide/what-are-ifrs-sustainability-disclosure-standards - Greenly, What is the Corporate Sustainability Reporting Directive (CSRD)
https://greenly.earth/en-gb/blog/company-guide/what-is-the-corporate-sustainability-reporting-directive-csrd - IFRS Foundation, Homepage
https://www.ifrs.org/ - IFRS Foundation, IFRS S1 – General Requirements for Disclosure of Sustainability-related Financial Information
https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/ifrs-s1-general-requirements/ - IFRS Foundation, IFRS S2 – Climate-related Disclosures
https://www.ifrs.org/issued-standards/ifrs-sustainability-standards-navigator/ifrs-s2-climate-related-disclosures/
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