The purpose of the VSRS is to develop voluntary sustainability reporting standard that can be used by non-listed small and medium-sized undertakings that fall outside the scope of the CSRD.

The VSRS SME would not be legally binding but aims to be consistent with the CSRD by applying the ESRS disclosure principles with the highest degree of proportionality and simplification.

The 16 disclosure principles of the VSRS:

• 1 Disclosure principle: Basis for preparation
• 10 Disclosure principles: Basic Module
  • 1 Basic Metric - General
  • 5 Basis Metrics – Environment
  • 3 Basic Metrics – Social Matters
  • 1 Basic Metric – Business Conduct
• 5 Disclosure principles: Narrative – Policies, Actions and Targets Module

In the next video, we will explain what the VSRS exactly is, how the standards can be used and by whom.