🌍 EFRAG Public Consultation Alert 📣
 
EFRAG is pleased to announce its public consultation on the two Exposure Drafts on sustainability reporting standards for SMEs: VSME ESRS & ESRS LSME 🏢🌱.


The consultation period will run until 21 May 2024, and EFRAG invites all stakeholders to provide comments through the online consultation questionnaires.
 
📢 Interested parties are also invited to participate in the field test that will be run in parallel to the public consultation. The call for participation in the field test was initiated on 20 December 2023, with the deadline for expressing interest set for 31 January 2024. Comprehensive instructions for the field test are now accessible.
 
Don't miss the chance to play a pivotal role in shaping sustainability reporting standards for SMEs. ✅
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Patrick de Cambourg, EFRAG SRB Chair, stated:

‘SMEs are a crucial part of the European economy. After the completion of the ESRS for large undertakings, EFRAG releases today these two proposed standards to support SMEs in being part of the transition to a more sustainable economy, getting appropriate access to finance and reducing the burden of dealing with uncoordinated data-requests while preparing decisions-useful information for all.’

Chiara Del Prete, EFRAG SR TEG Chair, commented:

'These two EDs respond to an effort to develop a set of sustainability information that is at the same time proportionate to SMEs and able to support the provision of the information that we already see – and more and more expect to see – requested by business counterparties. For the success of our voluntary standard for non-listed SMEs, market acceptance will be key. We expect this consultation to help us in the finalization of standards that will be able to meet the expectations of all interested parties.' 
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