How do I work out the emissions intensity line of the European Union (EU) voluntary standard for small companies (VSME) when my turnover is in rupees?

Divide your gross emissions in tonnes by your turnover in euro. The standard asks for turnover in euro, and the text we read gives no exchange rate, so you must pick a rate and state it. VSME is the European Financial Reporting Advisory Group's Voluntary standard for non-listed micro-, small- and medium-sized undertakings.

What the line asks

Disclosure B3 asks for your greenhouse gas (GHG) intensity: the gross GHG emissions you disclosed, divided by turnover in euro. Turnover in euro is also a B1 company fact, so one conversion serves both.

Intensity is a fair-comparison number. A bigger plant makes more smoke, so a buyer divides by sales to compare a small unit with a large one, like comparing mileage and not the size of the tank.

Steps

1. Add your Scope 1 and location-based Scope 2 emissions, both in tonnes of carbon dioxide equivalent (CO2e). Scope 1 is smoke from sources you own, worked out from fuel invoices. Scope 2 is smoke from power you buy, worked out from the kilowatt hours (kWh) on your bills.
2. Convert turnover from rupees to euro at one stated rate.
3. Divide the tonnes by the euro figure. Write it as tonnes per euro million, or kilograms per euro.

The part the standard leaves open

The text we read does not name an exchange rate, an average-of-year rate or a year-end rate. Our reading: use one rate for the whole report, write the rate and its source in a note, and use the same rate for B1 turnover. Ask your accountant which rate they use for euro disclosures, and if your buyer names one, use that.

Records that answer it

• Fuel invoices and electricity bills: the emissions.
• Audited profit and loss account: turnover in rupees.

Example: a plant with turnover of rupees (Rs) 20 crore

• Scope 1: 10,000 litres of diesel x 2.645 kg = 26,450 kg = 26.45 tonnes
• Scope 2: 300,000 kWh x 0.675 = 202,500 kg = 202.5 tonnes
• Gross emissions: 26.45 + 202.5 = 228.95 tonnes
• Turnover: Rs 20 crore = Rs 200,000,000. At an example rate of Rs 100 to the euro, that is 2,000,000 euro
• Intensity: 228.95 / 2.0 = about 114.5 tonnes of CO2e per euro million, or about 0.114 kg per euro

Litres, kWh, turnover and the Rs 100 rate are examples, not a quoted exchange rate. 2.645 kg a litre, and 0.675 kg a kWh for financial year (FY) 2025-26, are the factors Senseible's calculators use.

What Senseible does here

Senseible reads fuel invoices and electricity bills into records, so the fuel and units you bought are on file for this disclosure. Tank dips, plant logs and meter readings stay with you, or can be connected as a custom meter integration on request.

• What is the VSME standard?
• Location-based or market-based Scope 2
• Fuel tank dip readings for emissions
• Which company details does B1 ask for?

Sources: European Financial Reporting Advisory Group (EFRAG), Voluntary standard for non-listed micro-, small- and medium-sized undertakings (VSME), 2024 edition, 66 pages, paragraphs 24(e)(iv), 30 and 31, Central Electricity Authority (CEA), CO2 Baseline Database for the Indian Power Sector

Last reviewed 2026-11-07. Facts are from the standard's own text, with the paragraph numbers named in the source line. The European Commission adopted its own standard for voluntary use in a Delegated Regulation of 3 July 2026, which is not in force until it is published in the Official Journal and may differ from this text, so ask your buyer which one it means. Our own readings are marked as such.