ESMA public statement on supervision of the first ESRS sustainability statements in the Omnibus environment

This statement comes in response to uncertainties caused by the simultaneous occurrence of (i) the first application of ESRS standards, (ii) uneven transposition of the Corporate Sustainability Reporting Directive (CSRD)1 and (iii) the publication of the Omnibus legislative proposals for the latest news on this topic). 

The statement therefore primarily aims to: 

• confirm national competent authorities’ and ESMA’s continued commitment to promoting transparent sustainability reporting; 
• draw attention to the fact that ESMA’s Guidelines on Enforcement of Sustainability Information (GLESI), applicable since January 2025, provide a common principles-based framework to conduct supervision of sustainability reporting in accordance with the European transparency directive, while at the same time offering national competent authorities (NCAs) scope for flexibility enabling them to (i) adapt their supervisory approach to the current context and (ii) ensure that the measures applicable to issuers are proportionate, and reflect a learning curve in the application of ESRS standards in the early years; 
• confirm that this supervision will be based on the regulatory provisions in force, thereby enabling the competent national authorities based in EU countries that have not transposed the CSRD and would not be able to fully comply with these guidelines in 2025 to continue to deliver on their supervisory mandate. 

Public statement on the supervision of the first sustainability statements under European Sustainability Reporting Standards (ESRS)