What is the VSME reporting standard and the impact on non-listed SMEs?

Non-listed SMEs fall outside the scope of the CSRD. They do not have to publish a sustainability report. However, they can voluntarily make use of the SME sustainability reporting standards (VSME). In December 2024 EFRAG submitted the final version of the VSME to the European Commission. The VSME have a modular system. This allows undertakings that are just starting out to choose the basic module, and undertakings that are more advanced to add a module aimed at questions on policies, actions and goals (PAT module) and or a module aimed at questions from the chain (Business Partner module).

ESRS-architecture, including LSME and VSME (See also the questions under 'The standards (ESRS)')

Questions CSRD & ESRS

Do you have questions about the CSRD, ESRS or are you missing a question in this list? Send us an e-mail and we will contact you as soon as possible. For technical questions, EFRAG has set up an ESRS Q&A platform (latest release of technical explanations: December 2024). Here you can submit a question, and also find answers to previously asked questions.

Questions regarding individual facts or circumstances will not be answered through these channels. For such questions, we recommend that you contact an advisor such as your company accountant.

Disclaimer

The SER and the DASB have put this questions and answers document together based on publicly available information at the time of publication. Although these questions have been answered with the utmost care, users of this document cannot be given any guarantees relating to the accuracy, topicality and completeness of the information displayed. The SER, the DASB and other parties related to this document cannot be held liable for the consequences of the use of the information from this document. This document does not represent the view of (EFRAG) or the European Commission, nor the SER or DASB.

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