Yes. The real trend is not that ESG is disappearing but that sustainability reporting is becoming more practical and more connected to business value. Even where formal rules are delayed, reduced, or simplified, stakeholder expectations are still moving towards greater transparency.
Often, yes. Many SMEs are not directly subject to the same reporting as large listed companies, but they operate inside supply chains affected by sustainability rules. A larger client preparing disclosures may need information from suppliers on energy use, emissions, labour practices, governance, or risk controls.
EFRAG developed a voluntary sustainability reporting standard for non-listed micro, small, and medium-sized enterprises, known as VSME. It is voluntary, intended for companies with fewer than 250 employees, aligned with the European Sustainability Reporting Standards, and tailored to the size, capacity, and needs of SMEs.
Take a practical and proportionate approach. Start with the basics: understand energy consumption, review major suppliers, document key policies, improve internal controls, and keep records that can support claims made to banks or clients. Build reliable information gradually rather than waiting until a stakeholder asks.
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