Being a sustainable business is now essential to being a successful business. Comparable sustainability information is increasingly important for stakeholder decision-making, so companies in Central America, as elsewhere, need to progress their sustainability measurements and reporting and use internationally aligned standards and metrics to remain part of or join multinational supply chains, attract investment and stay competitive. To encourage the adoption of international sustainability standards, the Forum, in collaboration with National Corporate Responsibility Associations in Northern Central America, has launched the Stakeholder Metrics Initiative.
This paper, developed in collaboration with PwC, aims to map the sustainability reporting context in the region, showcase real business examples and make recommendations for companies who want to improve the quality and comparability of the sustainability information they share by implementing stakeholder metrics into their core business.
This work is a response to the Call to Action made by the US Vice President, Kamala Harris, which originated the Partnership for Central America (PCA), an initiative of private and public entities committed to advancing economic opportunities and environmental resilience in three Central American countries: El Salvador, Guatemala and Honduras.