How Stakeholder Metrics Reporting can Drive Sustainable Business

The report highlights that while companies in El Salvador, Guatemala, and Honduras face significant climate risks and social challenges, sustainability reporting is in its early stages. It promotes the World Economic Forum's Stakeholder Metrics (SMs) as a tool to help businesses transition toward globally aligned standards, such as those from the International Sustainability Standards Board (ISSB). The document provides a framework for reporting maturity and offers specific recommendations for companies, governments, and financial institutions to foster a sustainable economic model in the region.

• Climate change is a critical operational risk in Central America, with 89% of surveyed companies considering it significant and at least 70% having been affected by climate events in the last five years.
• Sustainability reporting is underdeveloped in El Salvador, Guatemala, and Honduras; 85% of surveyed business leaders are unclear about its purpose and value, and 80% have not conducted climate change risk assessments.
• The region's access to green finance is very low, with Latin America and the Caribbean issuing only 2% of green debt instruments globally.
• The World Economic Forum's Stakeholder Metrics (SMs) consist of 21 core quantitative metrics and 34 expanded metrics across four pillars: governance, planet, people, and prosperity.
• There is a significant gap in sustainability maturity between international corporations and local small-to-medium enterprises in the region, with the latter lacking the technical knowledge and resources to implement reporting.
• The report proposes a three-phase journey for companies to improve sustainability reporting: defining a reporting strategy, transforming reporting operations, and reporting what matters.

APA

World Economic Forum (2023). How Stakeholder Metrics Reporting can Drive Sustainable Business. https://www3.weforum.org/docs/WEF_ESG_Central_America_2023.pdf

Chicago

World Economic Forum. How Stakeholder Metrics Reporting can Drive Sustainable Business. 2023. https://www3.weforum.org/docs/WEF_ESG_Central_America_2023.pdf.

Wikipedia

{{cite report |author=World Economic Forum |title=How Stakeholder Metrics Reporting can Drive Sustainable Business |date=January 2023 |url=https://www3.weforum.org/docs/WEF_ESG_Central_America_2023.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}

BibTeX

@techreport{worldeconomicforum2023how, author = {{World Economic Forum}}, title = {{How Stakeholder Metrics Reporting can Drive Sustainable Business}}, institution = {World Economic Forum}, year = {2023}, month = jan, url = {https://www3.weforum.org/docs/WEF_ESG_Central_America_2023.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }