Social Value International, alongside The Capitals Coalition and GSG, have responded to another important consultation on how we change the way the world accounts for value.

About the consultation:

The International Public Sector Accounting Standards Board (IPSASB) opened a public consultation to evaluate the demand from stakeholders for sustainability reporting guidance, as well as the degree of support for the IPSASB’s involvement in the process, the priority areas for guidance, and how this might be approached.

This Consultation Paper proposes the IPSASB:

• Serve as the standard setter for global public sector specific sustainability guidance, drawing upon its experience, processes, and global relationships.

• Develop initial guidance focused on general disclosure requirements for sustainability-related information and climate-related disclosures.

• Approach guidance development at an accelerated pace, with a potential for releasing initial guidance by the end of 2023.

SVI’s Response

As you know, Social Value International is a membership led ‘network of networks’ with a shared mission to change the way society accounts for value. We work with members and partners to develop a principles-based approach to accounting for value, in order to reduce inequality and promote wellbeing of people and planet.

We therefore believed it was important to work in collaboration with our partners, to respond to this important consultation relating to public sector accounting.

Read the full response submitted by Social Value International, Capitals Coalition and The Global Steering Group for Impact Investment (GSG).

A special thanks to Jeremy Nicholls Marta Santamaria Tom McKenna Sebastián Welisiejko

Next steps

SVI will continue to share updates on the work of the IPSASB with our members and Global Network community. You can find out more about the role that SVI and our global community plays in influencing legislation and transforming accountancy practices on our dedicated campaign page “Transform Accounting, Transform Capitalism”.

If you would like to get more involved in this topic, please contact us at hello@socialvalueint.org.