A systematic investigation of phosphorus-based flame-retardant (PFR) systems in acrylonitrile-butadiene-styrene (ABS) is presented. The effect of various PFRs, combinations thereof and influence of different synergists is studied in terms of fire and mechanical performance, as well as toxicity of resulting ABS. Sustainable flame-retardant systems with a promising effect on the fire-retardant properties of ABS are identified: A combination of aluminum diethylphosphinate and ammonium polyphosphate is shown to exhibit superior flame-retardant properties in ABS compared to other studied PFRs and PFR combinations. Among a variety of studied potential synergists for this system, a grade of expandable graphite with a high-initiation temperature and a molybdenum-based smoke suppressant show the most promising effect, leading to a significant reduction of the peak heat release rate as well as the smoke production rate. Compared to current state-of-the-art brominated flame-retardant for ABS, the identified flame-retardant systems reduce the maximum smoke production rate by 70% and the peak heat release rate by 40%. However, a significant reduction of the impact performance of the resulting ABS is identified, which requires further investigation.