In September, the European Financial Reporting Advisory Group (EFRAG) published its Mapping of Digital Platforms and Initiatives for SME Sustainability Reporting, a comprehensive review of tools helping small and medium-sized enterprises (SMEs) align with EU sustainability requirements, including the new Voluntary Sustainability Reporting Standards for SMEs (VSME).

Out of 223 platforms and initiatives surveyed, Cascale’s Higg Facility Environmental Module (Higg FEM) – available exclusively on the Worldly platform – was highlighted among a small group of platforms shortlisted for deeper review. This recognition underscores Higg FEM’s credibility and strong positioning within Europe’s sustainability reporting ecosystem, particularly the Voluntary Sustainability Reporting Standards for SMEs (VSME).

As EU policymakers explore ways to ease compliance challenges for SMEs, EFRAG’s findings highlight the critical role of industry-developed, data-driven solutions like Higg FEM in delivering practical and scalable pathways for environmental transparency and performance improvement.

Please note that the inclusion of a tool, platform, or initiative in these reports should not be interpreted as a form of direct or indirect endorsement or certification by EFRAG.