C3: GHG Reduction Targets and Climate Transition
Disclosure requirements for GHG emission reduction targets and climate transition plans.
In brief
VSME disclosure requirement C3 concerns greenhouse gas reduction targets and climate transition: the company must describe any emission reduction targets and plans for transitioning to lower-carbon operations. This requirement deepens the Basic Module's B3 emissions data with forward-looking target setting. It is intended for companies that want to demonstrate concrete climate commitments.
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
Practical guidance from Selko
Share Your Climate Commitments
Selko offers the possibility for all companies—regardless of size—to share their own climate commitments, emission reduction plans, and transition plans. Making your targets public demonstrates leadership and builds stakeholder trust.
Combined Scope 1+2 Targets
Selko guidance recommends setting targets using combined Scope 1 and Scope 2 emissions (rather than separately), as guided by EFRAG in the VSME examples. This simplified approach makes target-setting more accessible for SMEs while remaining compliant with the standard.
Ready-to-Use Templates
Selko provides simple templates for companies looking to get started with climate commitments and emission reduction planning. These templates help structure your targets, actions, and timelines in a clear, reportable format.
Need help calculating your baseline emissions?
Visit the Emissions Hub for detailed guides on Scope 1, 2, and 3 calculations.
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VSME disclosure C4: climate-related physical hazards and transition risks, and how to assess them.
Read moreReady to make progress?
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