ESRS

Commission Notice on the interpretation of certain legal provisions in Directive 2013/34/EU (Accounting Directive), Directive 2006/43/EC (Audit Directive), Regulation (EU) No 537/2014 (Audit Regulation), Directive 2004/109/EC (Transparency Directive), Delegated Regulation (EU) 2023/2772 (first set of European Sustainability Reporting Standards, ‘first ESRS delegated act’), and Regulation (EU) 2019/2088 (Sustainable Finance Disclosures Regulation, ‘SFDR’) as regards sustainability reporting · European Union

27) Which set of European Sustainability Reporting Standards (ESRS) shall undertakings use for the preparation of the sustainability information under Articles 19a and 29a of the Accounting Directive? All undertakings falling within the scope of Articles 19a and 29a of the Accounting Directive shall use, by default, the ESRS adopted under Article 29b of the Accounting Directive (ESRS). The first set of ESRS was adopted by the European Commission via Commission Delegated Regulation (EU) 2023/2772 of 31 July 2023. For the preparation of the individual sustainability statement under Article 19a of the Accounting Directive, SMEs (excluding micro-undertakings) with transferable securities admitted to trading on an EU regulated market, as well as small and non-complex institutions, captive insurance undertakings and captive reinsurance undertakings, may alternatively use the proportionate ESRS that will be adopted pursuant to Article 29c of the Accounting Directive (LSME ESRS). See also FAQ 28. 28) Which undertakings may use LSME ESRS to prepare their individual sustainability statement as an alternative to the ESRS adopted under Article 29b of the Accounting Directive? The undertakings that may use LSME ESRS to prepare their individual sustainability statement are: — SMEs (excluding micro undertakings) with transferable securities admitted to trading on an EU regulated market; — small and non-complex institutions (95), provided that they are either (i) large undertakings; or (ii) SMEs (excluding micro undertakings) with transferable securities admitted to trading on an EU regulated market; — captive insurance undertakings (96) provided they are either: (i) large undertakings; or (ii) SMEs (excluding micro undertakings) with transferable securities admitted to trading on an EU regulated market; and — captive reinsurance undertakings (97) provided they are either: (i) large undertakings; or (ii) SMEs (excluding micro undertakings) with securities admitted to trading on an EU regulated market.

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Source: EUR-Lex (Cellar) · retrieved 2026-09-07