Comment on ED 213: Climate-related risks and opportunities to an entity’s own operations

The ASB is consulting on the IPSASB’s Sustainability Reporting Standard, Climate-related Disclosures and you have an opportunity to comment. The Exposure Draft provides guidance on disclosures about climate-related risks and opportunities to an entity’s own operations as explained in an article on 27 January 2025. The IPSASB specifically requests comment on the following:

Specific Matter for Comment 1: Public sector operations and regulatory role (paragraphs 1-4)

This Exposure Draft requires a public sector entity to provide disclosures about (i) the climate-related risks and opportunities that are expected to affect its own operations, and (ii) climate-related public policy programs and their outcomes when an entity has responsibility for those programs and their outcomes (see paragraphs 3 and AG2.7-AG2.8).

Do you agree the proposed approach meets the information needs of primary users (see paragraphs 1-4)? If not, what alternative approach would you propose and why?

The Exposure Draft includes an Alternative View on the approach to climate-related public policy programs.

Specific Matter for Comment 2: Own Operations (Appendix A1: Application Guidance – Own Operations)

The Exposure Draft primarily aligns disclosure requirements about an entity’s own operations with private sector guidance (IFRS S1 General Requirements for Disclosure of Sustainability-related Financial Information and IFRS S2 Climate-related Disclosures), with public sector guidance, including a rebuttable presumption that entities use the GHG Protocol: A Corporate Accounting and Reporting Standard (2004), unless another established method of measuring its greenhouse gas emissions is more appropriate or required by a jurisdictional authority (see paragraph AG1.72).

Do you agree with the proposed approach and guidance? If not, what alternative approach would you propose and why?

To respond to these questions, submit your written comment on ED 213 to info@asb.co.za or participate in scheduled consultations. Details of these consultations are shared on the “ASB Engage” post on Fridays.

Comment on ED 213 closes on 14 February 2025.

 


Disclaimer

The article has been prepared by the Secretariat of the ASB for information purposes only. It has not been reviewed, approved, or otherwise acted on by the Board.