On Wednesday 30 July, the European Commission presented a recommendation on a lighter ‘VSME’ standard for voluntary sustainability reporting by small and medium-sized enterprises (SMEs).
As intended by the ‘Omnibus I’ simplification package presented in February (see EUROPE B13588A4), this standard concerns SMEs with up to 1,000 employees, which are therefore not covered by the ‘CSRD’ directive on corporate sustainability reporting. It was drawn up by the European Financial...