Draft This validator and the 2026 machine readable format are still in draft form, and are subject to change following feedback from platform providers and other partners.
ESG Reporting Template · Technical details · investeurope.eu · reframeventure.com
MRF Validator 2026with Reframe Venture

ESG Reporting · Machine Readable Format · 2026

MRF Validator

Check that portfolio company, fund and GP .csv files comply with the 2026 Invest Europe / Reframe Venture machine readable format before you exchange them between reporting platforms.

Primarily intended for data platforms and GPs testing their exports. Your files never leave your computer: validation runs entirely in your browser and nothing is uploaded.

Validate files

1. Choose the reporting level  ·  2. Add one or more .csv files  ·  3. Validate

Reporting level

Files are read and validated on this computer. They are never uploaded.

What's new in 2026

The MRF follows the 2026 Invest Europe ESG Reporting Template. Every change is listed in the "Change Notes" column and the "Removed in 2026" tab of each specification.

25

FTE threshold

Minimum metrics now apply below 25 FTE (was 15), Intermediate from 25 to 250 FTE, and Full above 250 FTE. GHG calculation (2.2.1) is now a Minimum metric; board independence, data breaches and cyber metrics move to Intermediate.

160

Portfolio company metrics

  • New: revenues from military customers, employees with disabilities, total leavers, total new hires, supply chain ESG screening, climate physical-risk assessment.
  • Removed: EU/non-EU revenue, balance sheet and turnover splits, other EU countries, CSO, high-GHG electricity, EU/non-EU hires and leavers.
  • PAI 6.9 real estate is now NACE Section M (compound IDs renamed).
45·62

Fund · GP metrics

  • Fund: SFDR target detail (ambition, baselines, years) and reference benchmark questions removed; founder gender diversity wording clarified.
  • GP: GHG Protocol, PMDR, EDCI, Level 20, Venture Climate Alliance and a responsible AI policy added; four policies and the Transition Pathway Initiative removed.