The International Public Sector Accounting Standards Board (IPSASB) split their climate-related disclosures project into two phases. Phase 1 will focus on how public sector entities disclose climate-related risks and opportunities to their own operations. Phase 2 will develop a separate standard for those specific public sector entities responsible for delivering climate-related public policy programmes and their outcomes. The IPSASB progressed phase 1 at their check-in meeting July. Here are some of the developments:
A full draft of the final pronouncement is planned for discussion at the IPSASB meeting in September 2025. To follow this project, refer to the IPSASB’s Climate-related Disclosures project page.
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.