European Securities and Markets Authority (ESMA) has just released its Guidelines on Enforcement of Sustainability Information (GLESI). The goal is to support a consistent and effective approach to how national authorities monitor sustainability disclosures under the Transparency Directive.
These guidelines apply to issuers listed on regulated markets who are required to publish sustainability information under the Accounting Directive. They provide clarity on how national authorities (enforcers) should select, examine, and respond to potential issues in sustainability statements, with the broader aim of aligning sustainability reporting oversight with that of financial reporting.
- The guidelines apply to sustainability information published from 1 January 2025 onwards.
- Competent authorities now have two months to inform ESMA whether they already comply or will comply.
For more details, check out the document below: