IPSASB Launches First-Ever Climate-Related Disclosures Standard for the Public Sector
On January 29, 2026, the International Public Sector Accounting Standards Board (IPSASB) released IPSASB SRS 1, Climate-related Disclosures — the first global sustainability disclosure standard designed specifically for governments and public sector entities.
The new standard sets out clear requirements for public sector entities to disclose climate-related risks and opportunities in their general purpose financial reports, enhancing transparency, accountability and decision-making in the face of escalating climate impacts. It applies to reporting periods beginning on or after January 1, 2028, with earlier adoption permitted.
Climate disclosures under IPSASB SRS 1 focus on information that is useful for primary users of financial reports — including resource providers, lenders and citizens — enabling more comparable and consistent reporting across jurisdictions. The standard is closely aligned with the private sector climate reporting framework IFRS S2, Climate-Related Disclosures, strengthening cross-sector consistency.
The launch of IPSASB SRS 1, Climate-related Disclosures marks a milestone in public sector reporting, equipping governments with a globally recognized framework to reflect climate-related risks and opportunities in their financial reporting systems and ultimately strengthening public sector accountability in the transition to a climate-resilient future.