A new and distinct cultivar of Rose plant named ‘ESM R202’, characterized by its upright and strong flowering stems vigorous growth habit and high productivity dark green-colored leaves yellow-colored flowers with light red-colored margins that are held on strong and long flowering stems within relatively large sprays freely flowering habit with typically about eight flowers per spray and good productivity with about 13 to 14 flowering stems per plant produced per year and excellent postproduction longevity.