diff --git a/CHANGELOG.md b/CHANGELOG.md
index 1c85f24f847..7afa2ffd148 100644
--- a/CHANGELOG.md
+++ b/CHANGELOG.md
@@ -11,8 +11,12 @@ and this project adheres to [Semantic Versioning](https://semver.org/spec/v2.0.0
 
 ### Changed
 
+- Update to `ESMA_env` v4.35.0 --> Baselibs 7.32.0
+  - This brings in GFE v1.19.0 (which has gFTL v1.15.2 needed for MAPL3 work)
+
 ### Fixed
-Fixed nesting of internal timers (issue #3412)
+
+- Fixed nesting of internal timers (issue #3412)
 
 ### Removed
 
diff --git a/components.yaml b/components.yaml
index 27bfcc960af..84e19cc17b1 100644
--- a/components.yaml
+++ b/components.yaml
@@ -5,7 +5,7 @@ MAPL:
 ESMA_env:
   local: ./ESMA_env
   remote: ../ESMA_env.git
-  tag: v4.34.1
+  tag: v4.35.0
   develop: main
 
 ESMA_cmake: