SME’s Proportionate Standards
A simplified version of the ESRS for SMEs
The Corporate Sustainability Reporting Directive (CSRD) requires undertakings to report their sustainability performance. However, the directive also recognises that large undertakings and small and medium-sized enterprises (SMEs) may not have the same resources or capabilities to comply with these requirements.
The CSRD relies on the European Sustainability Reporting Standards (ESRS) for companies to report consistent, comparable, and transparent sustainability data. For this to be an accessible goal for SMEs, the European Financial Reporting Advisory Group (EFRAG) introduce a simplified version of the ESRS for SMEs.
These standards aims to be proportionate to the size and complexity of SMEs, and to consider their specific needs and circumstances.
