In this episode of the Simplifying Sustainability podcast, hosts Donal and Erin break down the importance of sustainability reporting frameworks for small and medium-sized enterprises (SMEs). They focus on the Voluntary SME Standards (VSME) developed by EFRAG and explore how these standards align with recent EU changes that are reshaping the sustainability landscape.

With increased pressure on businesses to meet Corporate Sustainability Reporting Directive (CSRD) requirements, understanding the VSME framework has never been more critical. Donal and Erin guide listeners through the structure of the VSME, offering practical tips on how to implement it within your business and why engaging with these standards now will give you a competitive edge.

Key Takeaways:

• Preparing for sustainability reporting early will make future compliance easier.
• The VSME framework helps SMEs efficiently gather and organise sustainability data.
• Engaging with the VSME now prepares businesses for data requests from larger companies.
• The VSME offers basic and comprehensive modules to fit businesses of different sizes.
• Identifying and utilising existing data streamlines the implementation process.
• Completing the basic module first ensures effective sustainability reporting.
• Regular updates to your VSME information maintain accuracy and relevance.
• The VSME provides valuable guidance on tracking key sustainability metrics.
• Using the VSME framework can enhance your business’s competitive advantage.

Tune in to learn how embracing the VSME standards can help your business stay ahead in the evolving sustainability landscape!

Simplifying Sustainability is brought to you by ENSO, to learn more about how ENSO simplifies sustainablity for SMEs, visit: https://www.ensoimpact.com/

Keywords: Sustainability Reporting, VSME standards, SMEs, EFRAG, CSRD, environmental metrics, governance, social responsibility, data requests, sustainability framework