ESMA supports the simplified European Sustainability Reporting Standards and suggests targeted adjustments - Press release

https://www.esma.europa.eu/document/esma-supports-simplified-european-sustainability-reporting-standards-and-suggests-targeted
Success
Service E-Money 5% Card Networking System 5%
Specialism Data Governance 5% Regulatory Reporting 5%
2026-02-18 13:15:12 · adavies@vixio.com
ID
2884126
GUID
bd9e38249a81d71f4946dfc1ba45e8e9

Classification

Service
E-Money (5%)

This update concerns sustainability reporting standards (ESG/ESRS) for securities issuers and has no connection to payment services, payment institutions, or payment infrastructure.

Card Networking System (5%)

This is a sustainability reporting disclosure update unrelated to e-money issuance, safeguarding, or any payment service delivery.

Specialism
Data Governance (5%)

This update concerns European sustainability reporting standards (ESG/environmental disclosure) for securities issuers, which falls entirely outside the payments compliance taxonomy.

Regulatory Reporting (5%)

While the update mentions reporting standards and regulatory frameworks, it addresses sustainability disclosure for securities markets rather than payment-specific data governance, record-keeping, or transaction controls.

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TITLE: European Securities and Markets Authority Supports Simplified European Sustainability Reporting Standards BODY: The European Securities and Markets Authority (ESMA) has issued a press release supporting the simplified European Sustainability Reporting Standards (ESRS) and proposing targeted adjustments to the framework. ESMA's position reflects its assessment of the revised ESRS, which aims to streamline sustainability reporting requirements for European issuers. The authority has identified specific areas where refinements could enhance the standards' effectiveness and implementation. These targeted adjustments are designed to address practical challenges while maintaining the integrity and comparability of sustainability disclosures across European markets. The simplified ESRS framework represents a significant development in the European Union's sustainable finance agenda, establishing standardised requirements for companies to report on environmental, social, and governance (ESG) matters. ESMA's support for the framework, coupled with its recommendations for adjustments, signals the authority's commitment to ensuring that sustainability reporting standards are both comprehensive and operationally feasible for issuers. The adjustments proposed by ESMA are intended to refine the standards without fundamentally altering their scope or objectives. This approach reflects the authority's role in supporting the implementation of the EU's sustainable finance regulatory framework while ensuring that reporting requirements remain proportionate and achievable for market participants. Issuers subject to ESRS requirements should monitor ESMA's detailed recommendations, as these may inform future amendments or clarifications to the standards. The authority's engagement with the revised framework demonstrates ongoing regulatory refinement in European sustainability reporting. **Reference:** ESMA32-846262651-5744
  • ✓ Scraped:2026-02-18 13:15:12
  • ✓ Created:2026-02-18 13:15:12
  • ✓ By:adavies@vixio.com (41)