IPSASB will develop climate-related disclosures standard
Jun 14, 2023
On June 14, 2023, the International Public Sector Accounting Standards Board (IPSASB) has announced that, in view of the responses to its May 2022 consultation paper on public sector sustainability reporting, it will move ahead with the development of the first sustainability reporting standard for the public sector as respondents had agreed that the public sector urgently needs its own sustainability reporting standards.
Following a scoping and research phase, the IPSASB has now published a project brief as a first step in this major new project. The new guidance will build on international guidance by the ISSB and GRI. In addition, the IPSASB staff will monitor the IASB’s work programme relating to any climate-related financial reporting projects and engage with IASB staff as appropriate. An exposure draft of the proposed guidance is currently expected in June 2024, final guidance in H2 2025.
Review the news release on the IPSASB website .
