Sustainability reporting guides companies in measuring, describing, and disclosing their impact on the environment, society, and governance.

What Is Sustainability Reporting?

European Union regulations

  • CSRD (Corporate Sustainability Reporting Directive) — many companies are now legally required to report on their sustainability activities.
  • ESRS (European Sustainability Reporting Standards) — define what must be measured and reported, and how.
  • VSME standard (voluntary sustainability reporting for SMEs) — drawing on the CSRD directive, this allows small and medium-sized enterprises to apply a standalone, lighter set of standards rather than the full ESRS framework. The VSME standard is based on Commission Recommendation (EU) 2025/1710 of 30 July 2025 on a standard for voluntary sustainability reporting by small and medium-sized enterprises.

Estonian context

  • A large number of Estonian companies are directly or indirectly affected by CSRD — as subsidiaries, suppliers, or procurement partners.
  • Financiers are increasingly requesting sustainability reports or strategies as part of their investment decision-making.
  • Transparency and environmental accountability are increasingly expected of companies participating in public and private procurement.
We offer practical knowledge and hands-on guidance on how to implement both standards — ESRS and VSME.