
ESMA’s communications to support the implementation and supervision of corporate sustainability reporting
In early July, the European Securities and Markets Authority (ESMA) published its final report on the new European guidelines on the supervision of sustainability information, as well as a public statement for companies on the first application of the CSRD.
Communication from European regulators on the first year of application of the CSRD for companies
ESMA has published a public statement targeting listed companies set to publish their first sustainability reporting in 2025 in accordance with the CSRD and the European Sustainability Reporting Standards (ESRS).
ESMA highlights a number of key areas of attention which are of particular relevance in the preparation of ESRS sustainability statements:
- establishing governance arrangements and internal controls that can promote high-quality sustainability reporting ;
- properly designing and conducting the double materiality assessment and being transparent about it;
- being transparent about the use of transitional reliefs;
- preparing a clearly structured and digitisation-ready sustainability statement; and
- Creating connectivity between financial and sustainability information.
ESMA also highlights the importance for companies to leverage on the available support material (guidance and FAQs) published by EFRAG to help with the implementation of the ESRS.
This statement will be followed in autumn 2024 by the publication of the European Common Enforcement Priorities (ECEP) published yearly by European regulators (see previous priorities published in 2023)
The GLESI: guidelines to promote convergence in the supervision of sustainability information at European level
On July 7, ESMA published its final report on the GLESI (Guidelines on Enforcement of Sustainability Information).
Modelled after existing financial reporting supervision guidelines, the GLESI aim to provide European regulators such as the AMF, guidance on the supervision of sustainability information published by listed companies. The GLESI thus cover the main principles of supervision: its objective, the different types of examinations, enforcement actions, enforcer’s internal organization, European coordination, etc.
Read more
On the same topic



Head of publications: The Executive Director of AMF Communication Directorate. Contact: Communication Directorate – Autorité des marches financiers 17 place de la Bourse – 75082 Paris cedex 02