
Our guide to the VSME Standard (EFRAG)
In this article, we’ll break down the VSME, explain its key features, and explore what it means for SMEs looking to align with growing sustainability expectations.
The Spend-Based Method is one of the two approaches to carbon accounting, which works by taking the monetary value of a purchased good or service and then multiplying this value by a relative carbon emission factor in order to calculate the amount of greenhouse gas emissions produced. This is considered the more simple way to calculate carbon emissions, but is not as precise as the activity based model.