ESMA outlines enforcement activities for corporate reporting across the EEA in 2025
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published its Report on 2025 Corporate reporting enforcement and regulatory activities. The report provides an overview of how national enforcers and ESMA supervised corporate reporting across the European Economic Area (EEA) during 2025.
In 2025, financial reporting enforcement continued to promote disclosures that are material, transparent, entity specific, and useful for decision‑making. In sustainability reporting, this was the first year of enforcement of the European Sustainability Reporting Standards (ESRS) for in-scope jurisdictions, alongside the application of the ESMA Guidelines on Enforcement of Sustainability Information (GLESI). Digital reporting remained a supervisory priority, as enforcers worked on improving the quality, consistency, and usability of marked up financial information in ESEF.
Addressed primarily to issuers, auditors, and investors, the report offers practical messages from enforcement experience to help strengthen the quality and transparency of corporate reporting going forward. It presents enforcement activities in financial reporting, sustainability reporting, and digital reporting under the European Single Electronic Format (ESEF) and assesses issuers’ compliance with ESMA’s 2024 European Common Enforcement Priorities (ECEP).
Further information:
Iris Hude
Communications Officer
press@esma.europa.eu