EFRAG Launches Multi-Language VSME Digital Template for SMEs Sustainability Reporting Across Europe
Following the release of the European Commission’s VSME Recommendation in July 2025, EFRAG updated the VSME Digital Template and XBRL Taxonomy released in May 2025 to reflect the European Commission’s minor changes and further improvements.
Responding to market demand, EFRAG enables today a translation feature to the VSME Digital Template. Users can now switch the display language and generate Inline XBRL reports in four additional languages. The VSME Digital Template and Digital Template to XBRL Converter now support Spanish, Polish, Lithuanian and Portuguese, additionally to English. The translations have been prepared by EFRAG and reviewed by National Standard Setters. Other National Standard Setters (Germany and Austria, Netherlands, Denmark, Ireland, France, Italy) are currently finalising their translations. Once complete, EFRAG will publish them in a new release expected to occur at the beginning of November 2025.
EFRAG expresses its sincere appreciation to all National Standard Setters contributing to the translation project and encourages other national standard setters to join this initiative. This aims to enhance accessibility and facilitate the use of the VSME template by SMEs across all EU Member States.
Alongside the multi-language feature, several enhancements and fixes have been implemented. All resources, including the template, an Explanatory Notes, a detailed change log and the source code and demo files, are now available on the VSME Digital Template and XBRL Taxonomy webpage.
Don't miss the VSME outreach event on the 6 October 2025. EFRAG and the European Commission will present digital solutions for SMEs in a dedicated panel. More info & registration.
Patrick de Cambourg, EFRAG SRB Chair, stated:
“The digital solutions developed by the EFRAG Secretariat provide a great opportunity for the SME ecosystem to enable VSME compliant digital reporting. The open-source license allows any commercial providers to integrate the tools in their own solutions for free. We appreciate all the good feedback we have received and would like to thank all stakeholders for providing feedback and suggestions for improvements.”
Chiara Del Prete, EFRAG SR TEG Chair, added:
“The VSME Digital Template provides a simple and easy way to prepare sustainability reports, as many SMEs confirmed. Our Secretariat experts will continue to engage with the ecosystem to further streamline the data flow from SMEs to users such as banks and investors, as well as counterparts in value chains. ”