Cooperation between RNE and ASCG: Group on „SME Sustainability Reporting“ takes up work

In its first meeting on 1 November 2022 the group „SME Sustainability Reporting“ discussed expectations regarding sustainability reporting of small and medium-sized entities (SMEs) and the challenges and developments connected with SME sustainability reporting.

As a first result the Group plans to address basic points of high-quality standards for sustainability reporting that take into account the specific structures of SMEs. The Group plans to present these considerations to EFRAG in December 2022. Within its so called „set 2“ EFRAG is currently working on standards and guidelines for the sustainability reporting of SMEs.

Information about this Group on „SME Sustainability Reporting“ can be found here. Their work is a result of the recent Cooperation Agreement between RNE and ASCG (Accounting Standards Committee of Germany). Information on this Agreement of 8 September 2022 can be found here.