IPSASB launches global consultation on advancing public sector sustainability reporting

In response to stakeholder demand, the International Public Sector Accounting Standards Board (IPSASB) has launched a global consultation on developing a sustainability reporting framework for the public sector. To initiate the discussion, IPSASB has issued a Consultation Paper Advancing Public Sector Sustainability Reporting.

With this consultation paper, IPSASB proposes to:

• Serve as the standard setter for global public sector specific sustainability reporting guidance, drawing upon its experience, processes and global relationships.
• Develop initial guidance focused on the topics of general disclosure requirements for sustainability-related information and climate-related disclosures by drawing on the initial work of the newly formed International Sustainability Standards Board in these areas.
• Approach guidance development at an accelerated pace, with a potential for releasing initial guidance by the end of 2023.

Comments on the Consultation Paper are requested by 9 September 2022.

The Consultation Paper may be accessed here.