Dec 17, 2024 · The VSME is a deliverable of the European Commission's SME Relief Package (September 2023) tasking EFRAG to develop a simple and standardised framework for SMEs to report on ESG issues, creating better opportunities to obtain green financing and thus facilitating the transition to a sustainable economy.

Feb 3, 2025 · The VSME (voluntary sustainability reporting standard for non-listed SMEs) aims to keep sustainability reporting simple and straightforward for small businesses. While complex processes such as double materiality assessments are not part of the VSME, it does include areas that may initially be challenging for SMEs to navigate.

Feb 6, 2025 · Voluntary Sustainability Standard for SME (VSME) The new voluntary standard for non-listed SMEs was submitted to the European Commission by the EFRAG (European Financial Reporting Advisory Group) in December 2020.

Discover the Voluntary Sustainability Reporting Standard (VSME) for non-listed SMEs. Learn about its framework, benefits, cost analysis, and how SMEs can leverage it to meet ESG demands, secure green financing, and enhance sustainability.

VSME Standard Page 6 of 66 Principles for the preparation of the sustainability report (Basic and Comprehensive Module) Complying with this Standard 8. This Standard sets requirements that allow the undertaking to provide relevant information on: (a) how it has had and is likely to have a positive or negative impact on people or on the

Jan 31, 2024 · EFRAG has also been asked to develop a voluntary sustainability reporting standard for non-listed SMEs (VSME). The EC SME Relief Package of September 2023 refers to VSME as a measure to support SMEs in accessing sustainable finance.

Dec 20, 2024 · 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.

EFRAG is now finalizing the Revised LSME following the feedback received during the public consultation for a more simplified standard. key indicators necessary for the disclosures referred to in points (a) to (d).

The VSME standard (Voluntary Sustainability Reporting Standard for non-listed SMEs) is a voluntary sustainability reporting framework specifically designed for micro, small, and medium-sized enterprises that are not listed and do not fall under the scope of CSRD.

The VSME (Voluntary Sustainability Reporting Standard for Micro-, Small-, and Medium-Sized Enterprises) offers a comprehensive framework for non-listed companies to report on sustainability issues in an accessible and proportional way.