EFRAG Releases Sustainability Reporting Standard for Small Companies
ESG Today
DECEMBER 18, 2024
The European Financial Reporting Advisory Group (EFRAG) announced the release of its voluntary sustainability reporting standard for non-listed SMEs (VSME), aimed at enabling micro-, small- and medium-sized companies to report on ESG issues in a simplified and consistent way. EFRAG, a private association majority financed by the EU, was mandated by the European Commission in June 2020 to prepare for the new EU sustainability reporting standards (ESRS) underlying the new Corporate Sustainability
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