The International Public Sector Accounting Standards Board (IPSASB) has embarked on a project to develop sustainability reporting standards for the public sector.
While sustainability reporting has entered the mainstream in business reporting, public sector reporting lags behind. The International Public Sector Accounting Standards Board (IPSASB) is aiming to change that, exploring the need for an international public sector reporting framework to help governments measure and report how they are addressing the global climate crisis.
“While there has recently been significant progress towards the development of a global baseline for sustainability reporting in the private sector, public sector sustainability reporting has yet to move forward in the same way,” says the International Public Sector Accounting Standards Board (IPSASB).
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