B11: Convictions and Fines for Corruption and Bribery
Disclosure requirements for convictions and fines for violations of anti-corruption and anti-bribery laws.
In brief
VSME disclosure requirement B11 concerns convictions and fines for corruption and bribery: the company must state whether it or its personnel have been convicted or fined for corruption or bribery during the reporting period. The requirement has a broad reporting scope covering the company's operations as a whole. If there have been no such cases, this is also stated.
VSME Standard Reference
The following content is extracted from the official EFRAG Voluntary Sustainability Reporting Standard for non-listed SMEs (VSME), December 2024.
View original VSME Standard (PDF)Selko Insights
Broader Reporting Scope
While the VSME standard defines the disclosure requirement quite narrowly—focusing only on convictions and fines related to anti-corruption and anti-bribery—Selko Report goes further. We request users to report any fines or convictions related to sustainability themes, including environmental violations, employee rights, tax compliance, and other relevant areas. This broader approach provides a more comprehensive picture of the undertaking's legal compliance across all sustainability dimensions.
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