VSME: The New ESG Standard for SMEs – Key Benefits

Standard VSME

In recent years, sustainability has become a key factor in business success. However, for many small and medium-sized enterprises (SMEs), the sustainability reporting requirements imposed on large corporations represent a significant hurdle. To address this need, the European Financial Reporting Advisory Group (EFRAG) has developed the Voluntary Standard for non-listed SMEs (VSME), a new voluntary […]

The Concept of Materiality in Sustainability: Definition and Importance for Businesse

materiality

In the evolving landscape of sustainability reporting, the concept of materiality takes on a central role to ensure transparency and accountability. Materiality allows companies to identify and disclose the most relevant information regarding their impact on the environment, society and their financial sustainability. The Corporate Sustainability Reporting Directive (CSRD) introduced the concept of double materiality, […]