Report Right

Shape sustainability reporting standards for non-listed small- and medium-sized enterprises (SMEs) to promote a green economy.

Stephanie Smialowski |
Report Right

As part of our commitment to advancing enabling policies for the impact ecosystem, Impact Europe is conducting a survey to assess the proposed voluntary sustainability reporting standards for non-listed SMEs - the VSME ED.

Last year, we collected your experiences with the Sustainable Financial Disclosure Regulation (SFDR). The results of this survey revealed significant barriers to sustainability reporting for non-listed SMEs. But to strengthen the transition to a green economy, it’s essential to also empower non-listed SMEs in sustainability reporting. To address these challenges, we’re assessing the strengths and weaknesses of the VSME.

Your voice makes a difference: Your insights will help shape the standards to meet the needs of impact SMEs and investors.

> Have your say


The VSME is one of the tailor-made reporting standards for companies that fall within the scope of the EU’s Corporate Sustainability Reporting Directive (CSRD). The standard was recently published by the European Financial Reporting Advisory Group (EFRAG) along with a public consultation that runs until 21 May.

To help you better understand the VSME ED, we have created a brief summary. You can also check out the full EFRAG draft and this video for more details.