Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME) is available
Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME) is available
EFRAG has released its technical advice on the Voluntary Sustainability Reporting Standard for non-listed micro-, small-, and medium-sized undertakings (VSME), following a request from the European Commission. The advice was developed after a public consultation held from 22 January to 21 May, 2024, which gathered input from various stakeholders. The feedback led to additional simplifications, and the VSME was approved by EFRAG Sustainability Reporting Board (SRB) on 13 November 2024, and by EFRAG Sustainability Reporting Technical Expert Group (SR TEG) on 22 October 2024.
Stakeholders emphasised the need to support the VSME with digital tools, additional guidance, and complementary materials to facilitate its adoption by SMEs and ensure broad market acceptance. In 2025, EFRAG will launch several initiatives, including issuing support guides and educational materials, conducting outreach and awareness-raising events, and monitoring emerging tools and platforms.
Access to the VSME standard, together with a cover letter from EFRAG, basis for conclusions, cost-benefit analysis and feedback statement is available via the press release.
Stakeholders emphasised the need to support the VSME with digital tools, additional guidance, and complementary materials to facilitate its adoption by SMEs and ensure broad market acceptance. In 2025, EFRAG will launch several initiatives, including issuing support guides and educational materials, conducting outreach and awareness-raising events, and monitoring emerging tools and platforms.
Access to the VSME standard, together with a cover letter from EFRAG, basis for conclusions, cost-benefit analysis and feedback statement is available via the press release.