Time to plan for ESEF in your annual report.
In theory...
  • Requirements in force from 1 January 2020 and apply to the first annual report thereafter.
  • Affects all companies in regulated markets.
  • The purpose is to facilitate the availability, analysis and comparability of annual financial reports within the EU.
  • The document becomes both human- and machine-readable.
Plan and proceed on the basis of the
2019 annual report.
... and in practice.
  • Certain information in the annual report must be marked – tagged – in accordance with IFRS’ definitions, which are referred to as taxonomy here.
  • Items in the consolidated income statement, balance sheet, changes in equity and cash flow analysis must be tagged.
  • The tagging is done using XBRL – eXtensible Business Reporting Language – which is then integrated into the XHTML format.
  • The tagging can be done using various tools available on the market.
Vero's advice.
  1. Plan and prepare the work well in advance.
  2. Select an appropriate tagging tool.
  3. Begin to apply definitions according to the taxonomy based on the 2019 annual report.
  4. Get help where needed.
Vero is monitoring developments and can provide advice and practical support.
Good advice pays off.
Lovisa Steen
Communications advisor, sustainability communications

For me, communication is ultimately about relationships – and about shaping messages so they truly resonate with the receiver. As an advisor within both investor relations and sustainability communications, I strongly believe that long-term value creation and sustainability go hand in hand, and that how you communicate can make a real difference in building trust and engagement. I thrive in close collaborations where strategies are shaped through dialogue. In my work, I support companies across industries and stages of development, navigating both planned milestones and unforeseen events. Prior to Vero, I worked in audit at EY, primarily with listed companies. That experience allows me to combine a trained eye for numbers with the ability to translate complex facts into strategic, trust-building communication.

I joined Vero in January 2026 and hold a Bachelor’s degree in Business Administration, with focus on International Business and Marketing, from Uppsala University.

Maria Montgomery
Project manager
When many things happen at once, strategic communication truly makes a difference – both internally and externally. As project manager and advisor at Vero, I work closely with clients and teams in complex, time-sensitive situations as well as in long-term engagements.

I lead assignments within crisis communications and M&A, and I am always ready to step in operationally with responsibility for communications when needed.

I joined Vero in 2021. Previously, I worked as Communications Strategist at the City of Stockholm. I hold a degree in Strategic Communication from Lund University and have completed advanced project management training at Berghs School of Communication.
"What you water, will grow."

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