A global framework for public sector sustainability reporting is needed to avert climate disaster and achieve the UN SDGs.

Join the IPSASB's webinar on Advancing Public Sector Sustainability Reporting to:

The objective is to develop enhanced guidance clarifying the recognition and measurement of infrastructure and heritage assets that are Property, Plant, and Equipment.

Current Status of the Project

The IPSASB approved IPSAS 45, Property, Plant and Equipment. IPSAS 45 replaces IPSAS 17, Property, Plant and Equipment and adds public sector guidance on heritage and infrastructure assets, and aligns with the new measurement principles.

The International Ethics Standards Board for Accountants (IESBA) has submitted a response to the International Sustainability Standards Board (ISSB) on the ISSB’s Exposure Drafts – General Sustainability-Related Disclosures and Climate-Related Disclosures.

The IESBA believes that to meet the sustainability information needs of investors, customers, employees or potential employees, government agencies and other stakeholders, the infrastructure that supports sustainability reporting and assurance must be underpinned by the highest standards of ethical behavior. Fit-for-purpose, globally applicable standards, such as those set out in the IESBA Code and future, sustainability-related standards that the IESBA has already committed to developing, alongside a robust system of quality management, oversight and enforcement, are essential for consistent, relevant and trustworthy sustainability reporting.

Click here to view the IESBA’s official response.