Imagine running a small business in Spain or Poland, juggling daily operations while grappling with the growing demand for sustainability reports under EU regulations. For many small and medium-sized enterprises (SMEs), this task feels overwhelming, especially when technical jargon and language barriers add to the complexity. Enter the European Financial Reporting Advisory Group (EFRAG) with...

The landscape of corporate responsibility is rapidly evolving, with sustainability reporting becoming a critical imperative for businesses of all sizes. However, for small and medium enterprises (SMEs), navigating the complexities of these new regulations can be a daunting challenge. The European Financial Reporting Advisory Group (EFRAG) has made significant strides in easing this burden by...

In the ever-evolving landscape of European regulations, a recent decision by the EU Parliament has sent ripples through the business community. On 22 October 2025, lawmakers rejected a compromise on the Omnibus I Regulation that would have significantly watered down sustainability reporting and due diligence requirements. This move underscores a firm commitment to robust environmental, social,...

The European Parliament’s recent rejection of proposed cuts to sustainability reporting and due diligence laws marks a pivotal moment for corporate compliance in the EU. This decision underscores a commitment to stricter transparency and accountability, leaving businesses to navigate an evolving regulatory landscape. Here’s what you need to know. Why the EU Parliament Rejected...

Regulators in Brussels have again sharpened the tempo of ESG disclosures as the EU Parliament rejected the Omnibus I Regulation, a bid to curb sustainability reporting and due diligence obligations for companies across the bloc. This decision keeps stricter transparency in place and signals that policymakers are resistant to sweeping rollbacks. For technology and business leaders, the episode...

Sustainability reporting is no longer optional for small and medium enterprises (SMEs) across Europe. With the European Financial Reporting Advisory Group (EFRAG) rolling out a multi-language VSME Digital Template, businesses now have a streamlined way to meet regulatory requirements. This update, available in Spanish, Polish, Lithuanian, and Portuguese alongside English, marks a significant...

EFRAG has expanded its digital sustainability reporting infrastructure for small and medium enterprises by launching a multilingual VSME template and its accompanying XBRL taxonomy. This development directly affects how SMEs across Europe report environmental, social and governance (ESG) data, aiming to improve accessibility, consistency, and regulatory alignment. The primary keyword for this...