The inclusion of CO2 accounting in the IPSAS accounting standard

Abstract

Accounting and reporting for the CO2 footprint has become standard procedure for capital market-oriented companies since the IFRS S2 standard was released in 2023. However, the IPSAS Board have already committed themselves to: (i) include CO2 Accounting in the standard; and (ii) to orient themselves towards IFRS S2. The contribution will show what this means for public sector entities in terms of facility and energy management, procurement of capital goods, materials and services as well as waste management. It will also show how the resulting requirements can be included in ERP systems that are already in place for public sector administration.