ESMA Seeks Feedback on ESEF Application to Sustainability Reporting

The European Securities and Markets Authority (ESMA), the EU's financial markets regulator, has released a Consultation Paper inviting stakeholders to provide input on applying the European Single Electronic Format (ESEF) to sustainability reporting. This initiative aims to streamline financial reporting processes while ensuring investors have access to relevant and comparable information to bolster their data-driven investment strategies.  

A key component of this effort is the integration of digitized sustainability and financial information into the forthcoming European Single Access Point (ESAP), enhancing information accessibility and usability for investors. The Consultation Paper outlines proposals for defining marking-up rules for sustainability reporting, with a phased implementation plan for ESRS sustainability statements and Article 8 disclosures. It also suggests redefining the marking-up approach for the Notes to the IFRS consolidated financial statements. 

Stakeholders, including EMAS-registered listed and non-listed entities, auditors, investors, and data analysts are invited to submit their feedback by 31 March 2025 here.