WHAT IS NSRS?
A sustainability reporting tool with the small ones in mind
EFRAG has developed a voluntary sustainability reporting tool for non-listed micro, small, and medium-sized enterprises (VSMEs), as requested by the European Commission.
The NSRS Board supports the objective of uniting the market around a common standard for small and medium-sized enterprises. The NSRS tool has now been updated in line with the voluntary standard, while retaining certain Nordic voluntary reporting elements.
The NSRS tool and accompanying guidance are provided free of charge by the Nordic Accountant Federation.
“Our tool will be based on the VSME standard, but we will keep some Nordic voluntary reporting points in line with information that we think is valuable to users, stakeholders and those reporting. The tool and guidance will continue to be free of charge, and an instruction adapted to the different Nordic countries will be added”
Sara Wilsgaard, sustainability matter expert at Regnskap Norge
News
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Who should report – and why sustainability already matters to your business
Many small and medium-sized enterprises believe sustainability reporting is something for large corporations. But in practice, smaller businesses are often the first to feel the impact of climate change, rising energy costs, supply chain instability and changing expectations from banks and customers. The real question is no longer whether sustainability affects your business — but…
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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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The EU Commission Endorses the VSME Standard – Now Is the Time to Act
On July 30th, The EU Commission officially adopted a recommendation for voluntary sustainability reporting for small and medium-sized enterprises (SMEs). This recommendation promotes the use of the Voluntary Sustainability Reporting Standard for non-listed micro, small, and medium-sized enterprises (VSME), and its relevance is growing rapidly. The recommendation marks an important milestone that help strengthen the…
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