Andrea Jarquín, director, and Tatiana Reuben, partner, at Dentons: “In Central America, ESG has become relevant for companies in the financial sector and those sectors that need to transition to a low-carbon economy: energy, transportation, infrastructure, agriculture, food and forest products. Most of these companies are multinationals that are required to follow metrics and sustainability disclosures from other jurisdictions with higher standards such as the United States and entities like the United Nations. The requirements of the U.S. Securities and Exchange Commission and the new IFRS S1 and IFRS S2 standards of the International Sustainability Standards Board enforce new sustainability criteria. This has resulted in a new global financial reporting framework and has increased the relevance of ESG in Central America. At the World Economic Forum, an agreement was reached to apply a set of metrics drawn from existing standards that can be reported by all companies. After the meeting, many companies in…”