CLIMATE-RELATED DISCLOSURES UNDER IPSASB SRS ED 1: TOWARDS SUSTAINABLE DEVELOPMENT FOR PUBLIC ACCOUNTING SECTOR

Abstract

Climate change poses significant economic and social challenges, requiring proactive public sector responses through transparent climate-related disclosures. This article analyzes the role and impacts of IPSASB’s first Sustainability Reporting Standard Exposure Draft (IPSASB SRS ED 1) on public sector accounting, employing qualitative research methods, theoretical synthesis, and content analysis. Findings indicate that IPSASB SRS ED 1 enhances transparency, accountability, and resource mobilization, while improving risk management and capitalizing on sustainable development opportunities. The article provides practical evaluations and specific recommendations for implementing climate disclosures in public sector practices.