Which steps does the VSME application process include?

The process covers scoping, gap analysis, software selection, implementation, and report publication[35].

Cluster: Application & Reporting • Updated:

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Which steps does the VSME application process include?

Short answer: The process covers scoping, gap analysis, software selection, implementation, and report publication[35].

MasterSustainability outlines a structured rollout for VSME[35]: (1) Scoping – assess the starting point and choose the right module (Basic or Comprehensive) plus relevant ESG topics[36]. (2) Gap analysis – compare existing data, policies, and processes with VSME requirements to identify gaps[37]. (3) Software selection – pick a specialized tool for data collection and report creation, e.g., VSME software or a digital template[38]. (4) Implementation – build internal ESG data processes, create policies, and set governance mechanisms[39]. (5) Report creation – compile and publish the report in line with VSME guidance and make it accessible to stakeholders[40].

Recommended tools for step 3 (Software selection):

  • EFRAG Digital Template - Free Excel template with XBRL export, ideal for first-time reporters
  • SUSTAIN REPUBLIC - AI-powered platform from €149/year with step-by-step guidance and XBRL export
  • For CO₂ data needs: Planted or Greenly with integrated carbon accounting

Sources: [35], [36], [37], [38], [39], [40] VSME - Frequently asked questions answered (FAQ)

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