IPSASB Sustainability Implementation Forum (SIF) Kick-off Meeting

Date: November 21, 2024 | Time: - (UTC)

COMPLETED

As the International Public Sector Accounting Standards Board (IPSASB) develops our first Sustainability Reporting Standard (IPSASB SRSTM), we recognize its principles and concepts must be practicable and implementable so public sector entities can effectively determine and report on their contributions to address the global climate emergency.

Therefore, stakeholder engagement and feedback are of utmost importance. To ensure the principles proposed in the IPSASB SRS Exposure Draft (IPSASB SRS ED) 1, Climate-related Disclosures, the first IPSASB SRS Standard, can be implemented, we will establish an IPSASB Sustainability Implementation Forum (SIF) to seek feedback on implementation from potential future preparers.

Objectives: The objective of the IPSASB SIF is to:  

  • Gather feedback on the IPSASB SRS ED 1 based on real-life examples and practice;
  • Test whether the proposals in the IPSASB SRS ED 1 are implementable; and
  • Inform the development of the IPSASB SRS 1, implementation guidance and illustrative examples.

Who: This is an open forum welcoming public sector entities across different levels of government that are potential future preparers of the IPSASB SRS 1, Climate-related Disclosures.

What: SIF participants will have the opportunity to provide direct feedback and input into the development of the IPSASB SRS 1 by piloting one or more disclosure requirements proposed in the IPSASB SRS ED 1. Participants will have the flexibility in how they wish to test the guidance, for example the entity could:

  • Participate in discussions with fellow preparers on important facets of the IPSASB SRS ED 1;
  • Perform a gap analysis using a disclosure checklist, comparing proposed guidance of the IPSASB SRS ED 1 with existing reports or data;
  • Produce a dry-run report on all or a portion of the proposed guidance.

Why: Piloting the proposed guidance will offer participants the opportunity to:

  • Gain a deeper understanding of the proposed guidance and be better positioned as a leader and first mover in adopting international standardized sustainability reporting;
  • Collaborate with other preparers of climate-related disclosures to share good practice in the emerging area of public sector sustainability reporting; and
  • Inform the development of the IPSASB SRS 1, Climate-related Disclosures.

When: Interested participants are invited to join the SIF kick-off meeting to learn more. Register for the meeting on Thursday November 21, 2024 10:00 ET / 15:00 UTC.