meta_id 3133313

On May 7, 2026, the European Securities and Markets Authority (ESMA) published its Report on 2025 Corporate Reporting Enforcement and Regulatory Activities, providing an overview of how national enforcers and ESMA supervised corporate reporting across the European Economic Area (EEA) during 2025. The report addresses financial reporting, sustainability reporting, and digital reporting under the European Single Electronic Format (ESEF). In financial reporting, enforcement continued to promote disclosures that are material, transparent, entity-specific, and useful for decision-making. In sustainability reporting, 2025 marked the first year of enforcement of the European Sustainability Reporting Standards (ESRS) for in-scope jurisdictions, alongside the application of ESMA's Guidelines on Enforcement of Sustainability Information (GLESI). Digital reporting remained a supervisory priority, with enforcers working to improve the quality, consistency, and usability of marked-up financial information in ESEF. The report assesses issuers' compliance with ESMA's 2024 European Common Enforcement Priorities (ECEP). The report is addressed primarily to issuers, auditors, and investors, offering practical messages from enforcement experience to strengthen the quality and transparency of corporate reporting. It presents enforcement activities and regulatory approaches adopted by national enforcers across the EEA during 2025, providing guidance on compliance expectations and best practices for corporate reporting going forward. **Reference:** ESMA32-2064178921-9413 — Report on 2025 Corporate Reporting Enforcement and Regulatory Activities