The International Public Sector Accounting Standards Board (IPSASB) consulted on its draft sustainability disclosure standards for public sector entities, like governments. The standard will require two kinds of disclosures. First, disclosures about an entity’s climate-related information (e.g. how much CO2 is released in their operations). Second, disclosures about climate-related policy programs. The FMB said that the standard must refer to the “just transition” and to policies that are made in pursuit of the just transition to a green economy. This is about the tough decisions that governments and other entities must make between providing essential services (like water and housing) and climate-related policies.
Read FMB's Letter to IPSASB Regarding Climate-related Disclosures