EFRAG SRB approves voluntary ESRS for SMEs
Minor tweaks made ahead of four-month consultations on draft VSME standard
EU balancing reporting reductions with green ambitions
Concerns persist over costs and burdens of reporting for SMEs but civil society and trade unions warn of a lowering in ambition on the European Green Deal
ESRS for SMEs: The key to Europe's new policy goals?
With the Commission trimming down reporting requirements and SMEs calling for clarity, EFRAG is tasked with releasing its simplified reporting standards by the end of October
Higher costs in the short-term than benefits in implementing ESRS
SMEs concerned the cost of requirements trickling down to them is undervalued
It is inevitable that the sustainability reporting burden will be passed on to SMEs
But can we do it in a smart way? Large companies have asked during a panel moderated by Corporate Disclosures
SMEs and their advisors are in no way placed to deliver on the CSRD/ESRS
Salvador Marin and Paul Thompson, respectively president and director at EFAA for SMEs, as well as Luc Hendrickx, director at SMEunited, discuss the challenges SMEs face in complying with CSRD and ESRS
'Learn from financial reporting mistakes,' SMEs tell Commission and EFRAG
Asking for a sustainability reporting framework fit for their businesses