In order to ensure that investors can access, compare, and use data more efficiently, this project aims to simplify the financial reporting process and lessen its burden.

The eventual integration of digitalized data into the European Single Access Point (ESAP) is a key component of ESMA's plan as it will enable investors to use data more effectively and improve their capacity to implement data-driven investment strategies. The gradual adoption of marking up guidelines for sustainability reporting is one of the recommendations made by ESMA. In order to fully implement Article 8 disclosures and update the Notes to the IFRS consolidated financial statements, this will happen in three phases, each lasting two years.

In order to further optimize the availability and use of financial and sustainability information throughout Europe, ESMA also recommends changes to the Regulatory Technical Standards on the European Electronic availability Point.

Feedback is requested by March 31, 2025, from all stakeholders, including listed and non-listed undertakings, big group parent undertakings, auditors, investors, and data analysts. A final report is expected to be released in Q3 2025 after ESMA reviews the contributions during this consultation session in Q2 2025. After that, the results will be sent to the European Commission for approval.