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BDO in Ukraine: Sustainability At a Glance — VSME Standard

29/ 08/ 2025
  Sustainability reporting can be challenging for non-listed SMEs with limited resources. This overview highlights the key steps to support effective compliance. Sustainability At a Glance — Voluntary Sustainability Reporting Standard for non-listed SMEs (SAAG — VSME) has been compiled to assist in gaining a high-level overview of Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME Standard). SAAG-VSME summarises the disclosure requirements of the VSME Standard, however, the requirements (including certain definitions) have been summarised. The VSME standard is a voluntary standard for organisations that are not covered by the Corporate Sustainability Reporting Directive (CSRD). 1) Microenterprises are those that do not exceed two of the following thresholds: Total balance:≤ EUR 450 000 Net turnover:≤ EUR 900 000 Average number of employees: ≤ 10 2) Small enterprises are those that do not exceed two of the following thresholds: Total balance:≤ EUR 5 million Net turnover:≤ EUR 10 million Average number of employees: ≤ 50 3) Medium enterprises are those that do not exceed two of the following thresholds: Total balance:≤ EUR 25 million Net turnover:≤ EUR 50 million Average number of employees: ≤ 250 4) These enterprises are not subject to the CSRD, but are encouraged to use the VSME standard. Parent companies are recommended to prepare a consolidated sustainability report, including information from subsidiaries. This will exempt subsidiaries from reporting. The sustainability report should be consistent with the financial statements prepared for the same period. In addition, information should be presented in a way that facilitates understanding of the relationship with the financial statements, using appropriate cross-references. Download the guide for more detailed information. DOWNLOAD PUBLICATION At BDO in Ukraine, we understand that non-listed small and medium-sized enterprises often face unique challenges in sustainability reporting. Our team of ESG and sustainability experts is here to guide you every step of your reporting process: from reviewing your current sustainability practices to helping you prepare disclosures in line with the VSME Standard. Contact us to learn more about the solutions we offer to help your business grow sustainably. Source: BDO Global

Sustainability reporting can be challenging for non-listed SMEs with limited resources. This overview highlights the key steps to support effective compliance.

Sustainability At a Glance — Voluntary Sustainability Reporting Standard for non-listed SMEs (SAAG — VSME) has been compiled to assist in gaining a high-level overview of Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME Standard). SAAG-VSME summarises the disclosure requirements of the VSME Standard, however, the requirements (including certain definitions) have been summarised.

  • The VSME standard is a voluntary standard for organisations that are not covered by the Corporate Sustainability Reporting Directive (CSRD).

1) Microenterprises are those that do not exceed two of the following thresholds:

  • Total balance:≤ EUR 450 000
  • Net turnover:≤ EUR 900 000
  • Average number of employees: ≤ 10

2) Small enterprises are those that do not exceed two of the following thresholds:

  • Total balance:≤ EUR 5 million
  • Net turnover:≤ EUR 10 million
  • Average number of employees: ≤ 50

3) Medium enterprises are those that do not exceed two of the following thresholds:

  • Total balance:≤ EUR 25 million
  • Net turnover:≤ EUR 50 million
  • Average number of employees: ≤ 250

4) These enterprises are not subject to the CSRD, but are encouraged to use the VSME standard.

  • Parent companies are recommended to prepare a consolidated sustainability report, including information from subsidiaries.

This will exempt subsidiaries from reporting.

  • The sustainability report should be consistent with the financial statements prepared for the same period.

In addition, information should be presented in a way that facilitates understanding of the relationship with the financial statements, using appropriate cross-references.

Download the guide for more detailed information.

DOWNLOAD PUBLICATION

At BDO in Ukraine, we understand that non-listed small and medium-sized enterprises often face unique challenges in sustainability reporting. Our team of ESG and sustainability experts is here to guide you every step of your reporting process: from reviewing your current sustainability practices to helping you prepare disclosures in line with the VSME Standard.

Contact us to learn more about the solutions we offer to help your business grow sustainably.

Source: BDO Global

This material is provided by a member company or partner organization of the European Business Association as part of an informational collaboration. The Association is not responsible for the accuracy, completeness, or reliability of the information presented. The views, opinions, and recommendations expressed in this material are solely those of the authors and do not reflect the official position of the European Business Association.

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