ESMA outlines enforcement activities for corporate reporting across the EEA in 2025
ESMA, the EU's financial markets regulator, released a report on 2025 corporate reporting enforcement activities. The report summarizes how national enforcers and ESMA supervised corporate reporting in the European Economic Area during 2025. Financial reporting enforcement aimed to ensure material, transparent, and useful disclosures for decision-making. 2025 marked the first enforcement year for European Sustainability Reporting Standards (ESRS) within scope. The application of ESMA Guidelines on Enforcement of Sustainability Information (GLESI) was also implemented. Digital reporting was a key focus, with enforcers working on improving the quality of marked up financial information. The report is primarily aimed at issuers, auditors, and investors. It provides insights from enforcement experience to improve corporate reporting quality and transparency. It covers enforcement activities in financial, sustainability, and digital reporting under ESEF. The report assesses issuers' compliance with ESMA's 2024 European Common Enforcement Priorities (ECEP). The release date of the report was May 7, 2026.