Corporate Reporting

EUROPEAN SINGLE ELECTRONIC FORMAT

The 2024 update (Delegated regulation - EU - 2025/19 - EN - EUR-Lex) to the ESEF Regulation (EUR-Lex - 02019R0815-20230119 - EN - EUR-Lex) came into force on 4 February 2025. The ESEF Regulation as amended by the latest update applies to annual reports for financial years beginning on or after 1 January 2025.

This follows ESMA's recent publication of the related 2024 materials.

EUROPEAN SINGLE ELECTRONIC REPORTING FORMAT AND SUSTAINABILITY REPORTING

ESMA’s consultation on how the European Single Electronic Format (ESEF) can be applied to sustainability reporting closes on 31 March 2025. The Consultation Paper includes proposals for:

Defining the marking-up rules for sustainability reporting; with a phased implementation for ESRS sustainability statements in 3 steps, each lasting 2 years, and a full implementation for Article 8 Taxonomy disclosures.

• Redefining the marking up approach for the Notes to the IFRS consolidated financial statements.
• Amendments to the RTS on the European Electronic Access Point.

ESMA plans to publish a final report in Q3 2025 and to submit the draft RTS to the Commission for endorsement.