International (English)
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Share Your Views on VSME Market Acceptance
Following the European Commission’s Recommendation on the Voluntary Sustainability Reporting Standard for SMEs (VSME), published on 30 July 2025, EFRAG has launched a survey on the market acceptance. NSRS encourages all relevant stakeholders to take part in the survey and help shape the future of SME sustainability reporting. Objectives of the survey The survey aims to…
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NSRS Update in Progress: Aligning with the Latest VSME Version
The Nordic Sustainability Reporting Standard (NSRS) is currently being updated to align with the latest version of the Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME ESRS) developed by EFRAG. The updated version is expected to be available by March 2025. Why Update the NSRS? The NSRS, developed by the Nordic Accountant Federation (NAF), has…
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EFRAG has revised and simplified the VSME standard
The VSME standard from EFRAG aims to simplify sustainability reporting for small and medium-sized enterprises. Photo: Song_about_summer, Adobe Stock EFRAG (European Financial Reporting Advisory Group) has published a revised proposal for a voluntary standard for sustainability reporting for SMEs. The standard will be submitted to the EU Commission in December. New ESRS VSME (Voluntary Small…
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NSRS is updated in line with draft European standard
The updated standard makes it easier to report on sustainability in line with existing and future requirements in one tool – regardless of level. The Nordic Accountant Federation (NAF) has updated its Nordic standard for sustainability reporting (NSRS) for small and medium-sized enterprises (SMEs) based on the draft of the new voluntary European standard (VSME…
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Nordic agreement on sustainability reporting
Many accountants believe they will offer sustainability reporting as a service offer in few years, says Hans Ellefsen, head of board in NSRS. Photo: CF-Wesenberg/kolonihaven.no In a recent survey conducted by the Nordic Accountant Federation (NAF), 82% responded that customers do not yet request sustainability reporting. Almost half of the respondents are convinced that the trend…
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Green Pay: How to integrate sustainability into your payroll process
Have you started to integrate sustainability into the payroll process yet? If not, it’s high time. We explain why this is important, how to get started and what positive effect it can have for your organisation to work sustainably with payroll. It was when Zennie Sjölund, industry manager for payroll at Srf konsulterna, realized that…
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EFRAG approves draft voluntary standard for sustainability reporting World!
EFRAG Sustainability Reporting Board has unanimously approved a draft of the voluntary ESRS standard for non-listed SMEs. The draft will soon be open for consultation. According to the Corporate Disclosures website, the board unanimously agreed on the draft, with minor changes related to information on Scope 3 targets and strengthening of language around social issues and…
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Helps small and medium-sized companies with sustainability reporting
In the years to come, businesses will face more and more comprehensive demands related to sustainability. Small and medium-sized enterprises are no exception. NSRS – Nordic Sustainability Reporting Standard – has been developed by the accountancy associations in Norway, Sweden, and Finland to help SMEs face these demands, and make their work easier. The new…