On Friday 5 July, the European Securities and Markets Authority (ESMA) published a Final Report on the Guidelines on Enforcement of Sustainability Information (GLESI) and a Public Statement on the first application of the European Sustainability Reporting Standards (ESRS) (see EUROPE 13437/19).
These documents will contribute to the consistent application and supervision of sustainability reporting requirements. They are in line with the recommendations proposed in ESMA’s position paper published in May entitled ‘Building more effective and attractive capital markets in the EU’. In this respect, they promote the EU’s capital markets as a hub for green finance. This should include efforts to clarify sustainability reporting to make it easier for investors to understand, including through the use of sustainability labels/categories where appropriate, and to improve supervisory consistency between national authorities in EU countries.
ESMA will continue to monitor sustainability reporting practices in 2025 and the application of the GLESI. ESMA will translate the GLESI into all EU languages and make these translations available on its website.
In addition, in the fourth quarter, ESMA will publish recommendations relative to the sustainability statements of listed companies in its Public Statement on common European enforcement priorities for 2024.
Read the GLESI report: https://aeur.eu/f/cz0
Read the statement on ESRS: https://aeur.eu/f/cz1 (Original version in French by Anne Damiani)