EU: EFAMA, Eurosif, and PRI call for a credible and proportionate voluntary sustainability reporting standard for companies with over 250 employees that will fall outside of the CSRD scope
The European Commission has announced a voluntary reporting standard for these companies, based on the framework designed for non-listed micro, small, and medium-sized enterprises (VSME). While suitable for very small businesses, this standard is not adequate for larger companies, including small and mid-caps. Instead, we recommend a proportionate standard based on the revised European Sustainability Reporting Standards (ESRS), limited to a subset of the disclosure requirements.
Read the full letter below.
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Joint investor letter on credible voluntary standards
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