Entries by The Sustainability Network

Understanding Greenhouse Gases & Carbon Footprint

Understanding Greenhouse Gases & Carbon Footprint Greenhouse gases (GHGs) are the invisible hand behind Earth’s natural “greenhouse effect,” a process that traps heat from the sun and keeps our planet comfortably warm. Without these gases, which include carbon dioxide (CO₂), methane (CH₄), nitrous oxide (N₂O), and fluorinated compounds, average temperatures would plunge to levels unable […]

EFRAG Unveils VSME Digital Template and XBRL Taxonomy: Empowering SMEs for Digital Sustainability Reporting

EFRAG has just released its VSME Digital Template and XBRL Taxonomy, designed to streamline and digitalise sustainability reporting for non-listed micro, small and medium-sized enterprises (SMEs). These tools translate the recently adopted Voluntary Sustainability Reporting Standard for SMEs (VSME) into a user-friendly Excel template and an open-source data taxonomy, helping businesses report in a consistent, […]

Spain has just published Decree 214/2025, which establishes the obligation to calculate the carbon footprint.

Royal Decree 214/2025, dated March 18, was announced today, a new regulation that requires certain companies to calculate their carbon footprint and to prepare and publish greenhouse gas emission reduction plans. This measure is aimed at reinforcing environmental responsibility and promoting more sustainable business practices within the framework of European regulations. The decree is mainly […]

What is VSME ESRS and how can it help your company?

The VSME ESRS (Voluntary Sustainabilit y Reporting Standards for SMEs), developed by EFRAG (European Financial Reporting Advisory Group), is a voluntary sustainability reporting model designed specifically for small and medium-sized enterprises (SMEs) and although it is not compulsory, it is a good exercise in preparing for future regulations. This standard offers a simplified approach for […]

Understanding the Impact of ESRS/CSRD on Global Businesses

In recent weeks, the European Financial Reporting Advisory Group (EFRAG) published a comprehensive guide, the “CSRD Essentials,” which focuses on helping companies navigate the new European Corporate Sustainability Reporting Directive (CSRD). The CSRD aims to enhance transparency in sustainability reporting, ensuring that organizations across Europe and beyond provide detailed, reliable information about their environmental, social, […]

Unlocking the CSRD Essentials: Your Ultimate Guide to ESG Reporting

In the recent weeks, the European Financial Reporting Advisory Group (EFRAG) published the “CSRD Essentials,” a comprehensive guide aimed at helping companies navigate the new European Corporate Sustainability Reporting Directive (CSRD). This document serves as an essential tool for organizations beginning their journey in environmental, social, and governance (ESG) reporting, providing clarity on the regulatory […]

EFRAG Q2 2024 Implementation Notes – Challenges & GAP Analysis

Last week, EFRAG released its highly anticipated Q2 2024 Implementation Notes Report, which provides valuable insights into the preliminary practices and challenges faced by institutions in implementing the European Sustainability Reporting Standards (ESRS). This comprehensive report encompasses a diverse sample of 28 large institutions, spanning various sectors and including both financial institutions (FIs) such as […]