Issuer disclosure, Sustainable finance : Statement on the ESRS supervision in the Omnibus environment

PUBLIC STATEMENT 20 June 2025 ESMA32-992851010-2254 Navigating change together: ESRS supervision in the Omnibus environment This year, a first group of large public-interest entities have published sustainability statements in accordance with the European Sustainability Reporting Standards (ESRS). ESMA has observed the uncertainty caused by the simultaneous occurrence of the first ESRS application, uneven transposition of the Corporate Sustainability Reporting Directive (CSRD)1 and the Omnibus legislative proposals and the resulting questions around national competent authorities’ (NCAs) approach to supervision of sustainability reporting. This statement therefore aims to confirm NCAs’ and ESMA’s continued commitment to promoting transparent sustainability reporting, including to mitigate greenwashing risk2, while also acknowledging our collective pledge to identify ways to ensure that measures applicable to issuers are proportionate. 3 ESMA recalls that NCAs’ supervisory responsibilities in relation to listed issuers’ corporate reporting are established by national transpositions of the Transparency Directive (TD). ESMA’s Guidelines for Enforcement of Sustainability Information (GLESI),4 applicable since January 2025, provide a common principles-based framework to conduct supervision of sustainability reporting in accordance with the CSRD. The first years of ESRS application will imply a learning curve for all parties, necessitating an adjustment period to reach a...