VSME Standard
The VSME is a voluntary standard that aims to simplify how non-listed small and mid-sized companies not in the scope of CSRD provide sustainability data to their larger clients, supply chain partners, investors, or even financial institutions.
When was the VSME introduced?
The VSME Standard was approved in late 2024, and is split into two modules that comprise different environmental, social and governance metrics:
- Basic Module: this is the target approach for micro-companies and constitutes a minimum requirement for SMEs.
- Comprehensive Module: this goes above and beyond the data points in the Basic Module by including additional metrics which are likely to be requested by banks, investors and corporate clients of a company.
These metrics range from energy and greenhouse gas emissions to climate risk mitigation measures to the gender balance ratio. The VSME guidance document walks companies through each metric in detail so we recommend checking that out.
What are the benefits of following the VSME?
By following the VSME, transport and logistics companies can:
- Gain a competitive advantage in tenders
- Retain existing clients
- Improve access to green financing
- Reduce their carbon footprint and costs
- Use it as a stepping stone for CSRD and future compliance requirements
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VSME Standard
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