C1: Strategy: Business Model and Sustainability-Related Initiatives
Disclosure requirements for key elements of business model and sustainability strategies.
VSME Standard Reference
The following content is extracted from the official EFRAG Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME), December 2024.
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Formalizing Informal Sustainability Initiatives
Part (d) of the standard asks how your strategy considers sustainability and how your business model aligns with it. For many SMEs, sustainability considerations may exist informally—through daily practices, values, or gradual improvements—without being documented as a formal strategy. This disclosure provides an excellent opportunity to articulate and summarize these often unwritten sustainability-related plans and initiatives. By completing this section, you’re not just meeting a disclosure requirement; you’re creating a foundation for more structured sustainability thinking in your organization.