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V.S.M.E

Voluntary Sustainability Reporting Standard

The Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME) is a framework developed by the European Financial Reporting Advisory Group (EFRAG) to assist small and medium-sized enterprises (SMEs) in disclosing their sustainability performance in a structured, transparent, and accessible manner. In today’s evolving business landscape, where sustainability and ESG (Environmental, Social, and Governance) considerations are becoming central to decision-making, SMEs face increasing pressure from investors, clients, regulators, and supply chain partners to provide reliable sustainability data. However, many SMEs lack the resources and expertise to navigate complex reporting requirements designed for larger corporations. The VSME bridges this gap by offering a tailored, voluntary reporting framework that simplifies sustainability disclosure while ensuring credibility and relevance.

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From the consultation you will:

  • Speak directly to an ISO professional
  • Get expert advice on your business requirement
  • Understand the benefits of certification for your business
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Why is V.S.M.E Important?

The VSME helps SMEs unlock business opportunities, enhance resilience, and build stakeholder trust by demonstrating their commitment to sustainability. As ESG performance becomes a key factor for financial institutions, corporations, and governments in supplier and funding decisions, adopting VSME can strengthen market position, improve access to green financing, and future-proof operations.
 
With two flexible modules: a Basic Module for fundamental ESG topics and a Comprehensive Module for deeper disclosures—SMEs can choose a reporting level that fits their needs while advancing sustainability performance.
Though voluntary, VSME offers a competitive edge, streamlining ESG data collection and aligning SMEs with global sustainability frameworks, supporting long-term resilience and sustainable growth.

Steps to Conduct a Double Materiality Assessment

1. Define Scope and Objectives

  • Determine the purpose of the assessment and identify relevant ESG factors and frameworks like CSRD or GRI.

2. Map and Engage Stakeholders

  • Identify key stakeholders and gather insights through surveys, interviews, or workshops to understand their priorities.

3. Identify and Prioritise Material Topics

  • Research and refine ESG topics using industry benchmarks, peer analysis, and stakeholder feedback.

4. Assess Financial and Impact Materiality

  • Evaluate how ESG factors affect your business’s financial performance and societal / environmental impact.

5. Analyse and Validate Findings

  • Create a materiality matrix to prioritise topics and review findings with leadership and stakeholders.

6. ESG Road Map

  • Publish results, align strategies with insights, and update the assessment regularly to reflect evolving conditions.
Why Choose CG Business Consulting for Your VSME Reporting?

At CG Business Consulting, we are leaders in sustainability consulting, combining deep expertise with a hands-on approach to help SMEs navigate sustainability reporting with confidence. With over 15 years of experience and a proven track record of 100% success, we specialise in guiding businesses through frameworks like the Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME) and the broader European sustainability landscape.

Our Expert Team Includes:

  • Noel Conaty – Head of Climate Change & Sustainability, specialising in environmental and energy management strategies.
  • Manuel Gonzalez – Globally recognised GHG consultant, actively contributing to ISO’s Net Zero frameworks.
  • Laura Mora – Sustainability leader with expertise in circular economy and life cycle business models.
  • Helen Budowsky – Energy & Environmental Consultant specialising in ISO-compliant greenhouse gas inventories and decarbonisation strategies.
  • Reed Yu - Sustainability Consultant specialising in carbon inventory and sustainability reporting.

How We Support Your VSME Journey:

VSME Reporting & Compliance – Helping SMEs align with sustainability best practices and meet stakeholder expectations.
ESG Risk & Opportunity Identification – Uncovering key areas for business resilience and sustainable growth.
ESRS & Regulatory Gap Analysis – Ensuring your sustainability disclosures align with evolving EU standards.

With CGBC’s White Glove approach, we offer precision, regular progress reviews, and personalised training, ensuring your business not only meets compliance but leverages sustainability as a strategic advantage.


Ready to Begin Your VSME Reporting?

Contact our expert team today and take the first step toward transparent, credible, and future-proof sustainability reporting.
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