The Carbon Border Adjustment Mechanism (CBAM)
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The 10 Best IFRS Tools in 2026 (And How to Choose One)
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By Kara Anderson, UK Copywriter, on 07/25/2025
Updated by Kara Anderson, on 05/13/2026
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 IFRS Foundation’s S1 and S2 standards have now moved from voluntary frameworks to the mandatory baseline for major economies, including the UK, Australia, Singapore, and parts of the EU. With the ISSB now finalising IFRS S3 (Nature and Biodiversity), companies are no longer just implementing - they are undergoing high-stakes, audit-ready digital transformations.
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 explore:
The 10 best IFRS-aligned sustainability platforms in 2026
The key benefits of using IFRS-compliant software
The right tool for your business
The most common questions about IFRS S1 and S2
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 2026 | Highlight Feature |
|---|---|
| 1. Greenly | Real-time IFRS S1/S2 workflows & AI audit gap analysis |
| 2. AMCS ESG REBRANDED | IFRS reporting integrated with physical operational flows |
| 3. Persefoni | Carbon-to-disclosure automation with investor-grade outputs |
| 4. Novisto ACQUISITION | Unified "all-in-one" source of truth with Minimum's carbon engine |
| 5. IBM Envizi | Enterprise ESG reporting aligned to IFRS and CSRD |
| ...and 5 others including CCH Tagetik, Tracera, and Plan A | |
2. AMCS ESG (formerly FigBytes)
Status: Rebranded and fully integrated into AMCS Platform (May 2026).
Key features:
- Direct integration with fleet, waste, and resource logistics for real-time S2 data.
- New Agentic AI framework for automated sustainability task execution.
- Full IFRS S1/S2 alignment with built-in circular economy KPIs.
Best for: Heavy industry and utilities requiring reporting tied to physical operations.
4. Novisto
Status: Recently acquired Minimum (March 2026) to unify carbon and ESG metrics.
Key features:
- Integrated "Carbon Atlas" for high-precision Scope 1, 2, and 3 calculations.
- Advanced limited assurance logs for IFRS-compliant audit readiness.
- AI-driven dashboards for predictive ESG performance modeling.
Best for: Enterprises seeking a single "source of truth" to eliminate tool fragmentation.
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. AMCS ESG (formerly FigBytes)
Pricing: Custom pricing based on organization size, modules selected, and implementation scope
Location: Global (Headquartered in Ireland via AMCS Group, with major hubs in Canada and Europe)
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: Now part of the AMCS 'Environment and Sustainability' suite, it is the premier choice for heavy industries, utilities, and waste management firms that require IFRS-grade reporting integrated into their physical operational workflows and circular economy targets.
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.
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:
Dynamic Materiality
Smart filtering based on IFRS S1/S2 and the latest Practice Statement on Nature.
Smart filtering based on IFRS S1/S2 and the latest Practice Statement on Nature.
Comprehensive Alignment
Frameworks for ISSB S1, S2, and the 2026 Nature-related disclosure guidelines.
Frameworks for ISSB S1, S2, and the 2026 Nature-related disclosure guidelines.
Audit-Ready Lineage
Automated assurance logs providing 'meter-to-report' traceability for limited assurance.
Automated assurance logs providing 'meter-to-report' traceability for limited assurance.
Agentic AI Guidance
Real-time gap analysis and automated drafting for complex climate-nature nexus reporting.
Real-time gap analysis and automated drafting for complex climate-nature nexus reporting.
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
What are the IFRS sustainability standards (S1 and S2)?
IFRS S1 (General Requirements) and IFRS S2 (Climate-related Disclosures) are the global baseline for sustainability reporting issued by the International Sustainability Standards Board (ISSB). They require companies to disclose material information about sustainability and climate-related risks and opportunities that could reasonably be expected to affect the entity’s cash flows, access to finance, or cost of capital over the short, medium, or long term.
Are IFRS sustainability standards mandatory in 2026?
Yes, for many large and listed entities. As of May 2026, IFRS S1 and S2 have been formally adopted or endorsed into mandatory local law in over 25 jurisdictions, including the United Kingdom (via the UK SRS), Australia (via AASB S1/S2), Singapore, and Brazil. Even in jurisdictions without direct mandates, global supply chain pressure and investor demands have made these standards the de facto requirement for international business.
How does IFRS S1/S2 differ from the EU’s CSRD?
While the IFRS standards focus on financial materiality (how sustainability affects the company), the EU’s Corporate Sustainability Reporting Directive (CSRD) uses double materiality (adding how the company affects the environment and society). However, in 2026, the ISSB and EFRAG have achieved significant interoperability, meaning companies can often use a single IFRS-aligned data set to fulfill the Climate (ESRS E1) portion of their CSRD requirements.
What is the status of IFRS S3 and Nature-related disclosures?
In April 2026, the ISSB issued a Practice Statement on Nature-related Disclosures rather than a mandatory S3 standard. This provides a formal voluntary framework for companies to report on biodiversity, water, and ecosystems, heavily aligned with the TNFD (Taskforce on Nature-related Financial Disclosures). Leading 2026 IFRS tools now include these modules to help companies stay ahead of what is expected to become a mandatory S3 standard by 2027.
Is digital tagging (XBRL) required for IFRS sustainability reports?
Yes. To satisfy the requirements of digital-first regulators and AI-driven investment analysts, reports must now be machine-readable. This involves using the IFRS Sustainability Disclosure Taxonomy to apply XBRL tags to S1 and S2 data points. Modern IFRS software automates this tagging process, ensuring your sustainability data is as discoverable and searchable as your traditional financial statements.
What level of assurance is required for these reports in 2026?
Most mandatory jurisdictions, including the UK and Australia, have officially transitioned to limited assurance requirements for climate disclosures as of the 2026 reporting cycle. This means a third-party auditor must review the report, making it essential to use a platform that provides a "meter-to-report" audit trail and transparent data lineage to avoid greenwashing litigation risks.
Does IFRS reporting help with Scope 3 emissions?
IFRS S2 explicitly requires the disclosure of Scope 3 greenhouse gas emissions, recognising that a company’s primary climate risk often sits within its value chain. In 2026, the most effective IFRS tools use AI and primary supplier data to move beyond industry averages, providing the granular data required to meet the S2 standard and satisfy institutional investors.
Are IFRS S1 and S2 mandatory for US companies in 2026?
At the federal level, no. Following the SEC’s decision in early 2026 to pivot toward a voluntary, principles-based framework, there is no nationwide mandate for IFRS S1/S2. However, for US companies doing business in California, compliance is functionally mandatory. California SB 253 and SB 261 require large entities (over $500M–$1B in revenue) to disclose climate risks and emissions using frameworks that are fundamentally aligned with IFRS S2 and the TCFD.
How do California’s climate laws (SB 253/261) relate to IFRS?
California’s SB 261 specifically allows companies to fulfill their climate-risk reporting obligations by using the IFRS S2 (ISSB) framework. While SB 253 focuses on the GHG Protocol for emissions, the narrative and risk management disclosures required by California align so closely with IFRS that most US multinationals are adopting a "report once, comply everywhere" strategy using IFRS-grade tools.
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.
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