With the VSME standard, meet the requirements of banks and large corporations with a professional, streamlined report, free of unnecessary complications.
VSME Report (Voluntary SME)
The sustainability report for SMEs
VSME
What is VSME: sustainability reporting for SMEs
VSME is the voluntary reporting standard developed by EFRAG (European Financial Reporting Advisory Group), specifically dedicated to small and medium-sized enterprises. As the word “Voluntary” suggests, it is an optional report; however, we strongly recommend adopting it for the following reasons:
- Supply chain pressure: if you have large-scale clients (subject to CSRD), they require your data to complete their own sustainability reports.
- Access to Finance: banks offer better credit terms to companies with a clear ESG profile. With a VSME report, your rating improves.
- Strategic simplicity: it is a “light” version of more complex reporting frameworks. Less bureaucracy, more substance.
Target Audience
Who can adopt the VSME standard
VSME is designed for:
- Micro-enterprises and non-listed SMEs
- Suppliers of large-scale groups that require ESG data
- Companies looking to improve their transparency and sustainable resilience
Structure and Operations
How it works: basic and full modules
The VSME structure is modular, designed to adapt to your company’s specific need:
- Basic module: provides a set of essential indicators to begin reporting key Environmental, Social and Governance (ESG) information, featuring targeted and calibrated requirements.
- Full module (optional): expands ESG reporting with more detailed indicators regarding sustainable strategy, climate targets and resource management.
Looking to learn more about the VSME standard?
Contact us for a tailored consultation.
THE ADVANTAGES
Why choose the VSME standard for your business
VSME Consultancy
How the VSME Assessment works
With our support your business can transparently communicate its ESG commitment.
#1 Step
Gap Analysis (What are you missing?)
We will determine which of the three VSME modules is best suited to your needs. We will then evaluate the data currently available and identify what needs to be gathered.
#2 Step
Data Collection (What is needed?)
We support you in gathering the information required by the EFRAG standards without disrupting your company’s daily operations.
#3 Step
Processing and reporting (The final document)
We prepare your VSME report in accordance with the official European framework, ready to be submitted to your clients or banking institutions.
#4 Step
Strategy (leverage your results)
We show you how to use the report that you are a reliable and transparent supplier.
VSME tool
Simplify your sustainability reporting with ImpACT VSME Software
The all-in-one cloud tool featuring a dedicated module for the VSME standard. The VSME module streamlines data collection and the creation of simplified sustainability reports, drastically reducing reporting time and the risk of manual errors.
- Guided compliance with EFRAG standard
- Operational efficiency and data centralization
- Designed to empower ESG consultants and accountants
FAQ
Is VSME mandatory?
No. It is a voluntary standard; however, it is highly recommended to improve access to credit and to meet the ESG requirements of supply chain partners.
Does VSME replace the CSRD?
No. VSME is designed for SMEs that fall outside the mandatory scope of the CSRD, while remaining fully aligned with European ESG criteria.
Is it recognized by banks?
Yes, it is the standard that European banks will use as the benchmark for sustainable lending.
Can I see a demo of the software?
Certainly. Contact us and we will provide you with a comprehensive overview of the software while answering all your questions and inquiries.
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