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The International Centre for Sustainability Reporting and Governance (ICSRG) is a non-profit organization that shares information, ideas and insights on sustainability reporting and governance.

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EFAA POSITION STATEMENT VOLUNTARY SUSTAINABILITY REPORTING STANDARD FOR NON-LISTED SMES MARCH 2024

The past few years have witnessed the rapid emergence of sustainability reporting and assurance. Sustainability reporting and assurance is going from margin to mainstream. In 2024 the primary focus is on small and medium-sized enterprises (SMEs). This is vital since without SMEs there can be no sustainable transition. On 22 January 2024 EFRAG launched the public consultation on its Exposure Drafts (EDs) on simplified sustainability reporting standard for listed SMEs (LSME) and voluntary sustainability reporting standard for non-listed SMEs (VSME). The consultation will run for 120 days ending on 21 May 2024. On 12 March 2024 EFAA published a position statement on the VSME. In due course EFAA will respond in full to the consultation and the position set out below may change. EFAA is committed to robustly representing, protecting, and promoting the interests of SMPs and their SME clients.https://efaa.com/efaa-position-statement-voluntary-sustainability-reporting-standard-for-non-listed-smes-march-2024/