Regulatory Alerts2026-02-18
ESMA Opinion on Revised European Sustainability Reporting Standards
The European Securities and Markets Authority issued this opinion on 17 February 2026 to assess EFRAG’s technical advice on the revised European Sustainability Reporting Standards. ESMA supports the simplification efforts but identifies critical issues with permanent reliefs that threaten data quality, interoperability with IFRS standards, and investor protection. The authority recommends converting key permanent reliefs, such as those for undue cost or effort, into temporary measures to ensure high-quality disclosure and prevent greenwashing.
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