Challenges and Opportunities for Integrated Reporting in Latin American SMEs: Insights From Business Practice

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dc.creatorVélez Ramírez, Rubén Antonio
dc.creatorMarco-Fondevila, Miguel
dc.creatorMoneva, Jose M.
dc.date2026-01-30
dc.descriptionObjective: To identify the main obstacles and opportunities faced by Latin American SMEs in implementing Integrated Reporting (IR)—a strategic response to current social and environmental challenges that facilitates the disclosure of responsible and sustainable initiatives within the business sector.Design/Methodology: This mixed-methods study was conducted in six Latin American countries: Argentina, Brazil, Colombia, Ecuador, Mexico, and Peru. Data were collected through a survey administered to 100 business leaders, scholars, and researchers, complemented by a semi-structured interview with 27 highly regarded professionals from across the region.Findings: The study revealed that IR is not exclusive to global corporations. Latin American SMEs also engage in sustainable strategies, including financing social projects, paying for green products, and pursuing environmental certifications. However, 71% of these enterprises fail to apply social or environmental reporting standards, mainly due to limited methodological knowledge, perceived high implementation costs, lack of qualified personnel, and absence of legal requirements. The results also showed that enterprises with more than ten years of operation have a greater capacity to establish CSR policies. Finally, there is a direct relationship between CSR and IR —the former provides the content and the latter offers the structure for efficiently communicating value creation to stakeholders.Conclusions: Despite its pitfalls, IR functions as a dynamic instrument that integrates CSR principles and provides a holistic view of organizational performance, facilitating communication with stakeholders and contributing to building a more sustainable future.Originality: This study highlights how SMEs can demonstrate value creation and legitimacy to stakeholders through IR. It also opens new avenues for research, such as the analysis of Latin American enterprises and their impact on investors’ decision-making.en-US
dc.descriptionObjetivo: Identificar los principales obstáculos y oportunidades a los que se enfrentan las pymes latinoamericanas a la hora de implementar el reporte integrado (RI), una respuesta estratégica a los retos sociales y medioambientales actuales que facilita la divulgación de iniciativas responsables y sostenibles en el sector empresarial.Metodología: esta investigación de enfoque mixto, que tuvo como población objetivo seis países latinoamericanos: Argentina, Brasil, Colombia, Ecuador, México y Perú, se fundamentó en la aplicación de 100 encuestas a empresarios, académicos e investigadores, complementadas con 27 entrevistas semiestructuradas realizadas a profesionales de reconocido prestigio latinoamericano.Resultados: el estudio reveló que el reporte integrado no solo es para empresas globales; las pymes latinoamericanas también generan estrategias sostenibles como financiamiento en proyectos sostenibles, pago por productos sostenibles y certificaciones ambientales. Sin embargo, hay barreras importantes: el 71 % de las empresas no aplican estándares de balance social o ambiental, principalmente por desconocimiento de metodologías, percepción de altos costos de implementación, falta de personal calificado y ausencia de obligatoriedad legal. La investigación demuestra que las empresas con más de 10 años de trayectoria tienen mayor capacidad para establecer políticas de Responsabilidad Social Empresarial (RSE). Finalmente, existe una relación directa entre la RSE y el reporte integrado: la primera proporciona el contenido y el segundo ofrece la estructura para comunicar eficazmente la creación de valor a los grupos de interés.Conclusiones: el reporte integrado funciona como instrumento dinámico que integra principios de responsabilidad social empresarial y proporciona una visión holística del desempeño organizacional, facilitando la comunicación con los stakeholders y contribuyendo a la construcción de un futuro más sostenible.Originalidad: este estudio es clave para que las pymes mundiales demuestren su creación de valor y legitimidad ante los stakeholders. También abre nuevas líneas de investigación, como el análisis de empresas latinoamericanas y su impacto en las decisiones de los inversores.es-ES
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dc.identifierhttps://revistas.itm.edu.co/index.php/revista-cea/article/view/3493
dc.identifier10.22430/24223182.3493
dc.languageeng
dc.publisherInstitución Universitaria ITMen-US
dc.relationhttps://revistas.itm.edu.co/index.php/revista-cea/article/view/3493/4018
dc.relationhttps://revistas.itm.edu.co/index.php/revista-cea/article/view/3493/4153
dc.relationhttps://revistas.itm.edu.co/index.php/revista-cea/article/view/3493/4154
dc.relationhttps://revistas.itm.edu.co/index.php/revista-cea/article/view/3493/4155
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dc.rightsCopyright (c) 2026 Rubén Antonio Vélez Ramírez, Miguel Marco-Fondevila, Jose M. Monevaen-US
dc.rightshttps://creativecommons.org/licenses/by-nc-sa/4.0en-US
dc.sourceRevista CEA; Vol. 12 No. 28 (2026); Art. e3493en-US
dc.sourceRevista CEA; Vol. 12 Núm. 28 (2026); Art. e3493es-ES
dc.source2422-3182
dc.source2390-0725
dc.subjectestándares de sostenibilidades-ES
dc.subjectpymeses-ES
dc.subjectreporte integradoes-ES
dc.subjectresponsabilidad social empresariales-ES
dc.subjectsostenibilidades-ES
dc.subjectsustainability standardsen-US
dc.subjectSMEsen-US
dc.subjectintegrated reportingen-US
dc.subjectCorporate Social Responsibilityen-US
dc.subjectsustainabilityen-US
dc.titleChallenges and Opportunities for Integrated Reporting in Latin American SMEs: Insights From Business Practiceen-US
dc.titleDesafíos y oportunidades del reporte integrado en pymes latinoamericanas: perspectivas desde la práctica empresariales-ES
dc.typeinfo:eu-repo/semantics/article
dc.typeinfo:eu-repo/semantics/publishedVersion

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