News 30 july 2025: EC recommendation on a voluntary sustainability reporting standard for small and medium-sized undertakings 31/07/2025

The aim of the recommendation is to help SMEs that are not covered by the Corporate Sustainability Reporting Directive (CSRD) to respond to specific requests for sustainability information from large companies and financial institutions.

Although the recommendation is addressed to SMEs, the Commission encourages large companies and financial institutions that request sustainability information from SMEs to base their requests on the voluntary standard, as far as possible. This recommendation serves as a transitional solution until the expected Delegated Act concerning the future voluntary sustainability reporting standard for SMEs (“VSME” – Voluntary Sustainability Reporting Standard for SMEs) is formally adopted.

Detailed information can be found here.

GPA is monitoring this issue closely and further developments.