The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has published:
- a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS).
These documents are designed to support the consistent application and supervision of sustainability reporting requirements across the EU.
The purpose of the GLESI is to provide guidance to build convergence on supervisory practices in the area of sustainability reporting.
Through the Public Statement on the first-time application of the ESRS, ESMA aims to support large issuers addressing the learning curve associated with the implementation of these new reporting requirements.
ESMA intends to continue to monitor sustainability reporting practices in 2025 and the application of the GLESI.
Also, in Q4 2024, ESMA intends to publish recommendations in relation to the sustainability statements of listed companies in its Public Statement on the 2024 European Common Enforcement Priorities.
The ESMA material is available here.