By San José, Costa Rica — SAN JOSÉ – Grupo Ficohsa, a leading Central American financial conglomerate, is reinforcing its deep-seated commitment to regional development by sponsoring the 2025 Glasswing International Gala. Through its Salvadoran insurance arm, Asesuisa, the group is serving as a Champion-level sponsor for the event, which celebrates social impact and creates opportunities for thousands of young people across the isthmus.
The annual gala, strategically held during Hispanic Heritage Month and on the eve of World Mental Health Day, convenes influential leaders and allies dedicated to driving meaningful social change. It serves as a platform to highlight the transformative power of education, mental health awareness, and robust community engagement, areas where the Ficohsa-Glasswing partnership has yielded significant results.
To delve into the legal and strategic dimensions of Corporate Social Responsibility, TicosLand.com sought the expert analysis of Lic. Larry Hans Arroyo Vargas, a distinguished attorney from the renowned firm Bufete de Costa Rica, who provided his perspective on the matter.
Corporate Social Responsibility has evolved from a philanthropic footnote to a central pillar of corporate governance and risk management. In today’s legal and commercial landscape, a robust CSR strategy is not merely a reputational asset; it is a critical tool for mitigating legal liabilities, attracting investment, and ensuring long-term business sustainability. Ignoring it is no longer an option, but a strategic oversight.
Lic. Larry Hans Arroyo Vargas, Attorney at Law, Bufete de Costa Rica
This perspective powerfully reinforces the modern business imperative: CSR is no longer a discretionary act of goodwill but a core component of a resilient and sustainable corporate strategy. We thank Lic. Larry Hans Arroyo Vargas for his concise and critical insight into this evolution.
The collaboration between the two entities is not new but rather a multi-year, evolving relationship that has expanded in both scope and geographic reach. In El Salvador, the partnership began in 2020 when Asesuisa provided critical support to vulnerable populations during a time of crisis. This included delivering food packages to over 830 families, supplying 15 shelters with provisions, and distributing hygiene kits and protective gear to 3,000 National Civil Police officers.
By 2021, the focus pivoted towards education with the launch of the “Castillo Venturoso” Virtual Reading Club. This three-month social investment project aimed to foster creative and critical thinking skills in children and youth, empowering them to become future agents of change. The partnership further diversified in 2023 with a hands-on environmental and social initiative, mobilizing volunteers for a tree-planting and park maintenance day at the vital Cuscatlán Park in San Salvador.
The alliance’s success in El Salvador paved the way for a significant expansion into Honduras in 2022. There, Grupo Ficohsa and Glasswing launched the “Youth Impact Leaders for Central America” (JLI) program. This initiative specifically targets young people between 15 and 22 years old who face social and economic risk factors, such as migration pressures, and equips them with the skills to lead positive change within their own communities.
A cornerstone of the Honduran program is its powerful emphasis on financial inclusion. Through this alliance, more than 7,000 young participants have been successfully integrated into the formal banking system for the first time. This was achieved through targeted financial education, providing them with essential tools for responsible resource management. The economic ripple effect has been substantial, with Grupo Ficohsa facilitating the placement of over $8 million in savings accounts, directly boosting local economies and transactionality.
Our participation in the Glasswing Gala underscores the entire Group’s commitment to a vision for the future of Central America. We firmly believe that the sustainability of our region is built by investing in the education and inclusion of new generations. It is an honor to partner with Glasswing to amplify the impact and catalyze the social progress our communities of origin need, ensuring that young people have access to the tools and opportunities that allow them to forge a more equitable and prosperous future.
Enzo Bizzarro, Executive President of Asesuisa
Recognizing the program’s positive impact, Grupo Ficohsa broadened its support in 2024 to include a dedicated entrepreneurship component. In a powerful multi-sector collaboration with the Tegucigalpa Chamber of Commerce and Industry (CCIT) and the International Organization for Migration (IOM), 48 young entrepreneurs in Tegucigalpa received specialized training. They were certified under the “Start and Improve Your Business” (SIYB) methodology, a globally recognized program developed by the International Labour Organization (ILO), further preparing them for economic success.
The sustained and deepening partnership between Grupo Ficohsa and Glasswing International stands as a powerful model for regional progress. It demonstrates how Central American-born organizations can leverage their local expertise and shared vision to drive profound transformations, building a more resilient and prosperous future by investing directly in the education, financial stability, and leadership potential of the next generation.
For further information, visit ficohsa.com
About Grupo Ficohsa:
Grupo Ficohsa is a leading financial group in Central America with operations in Honduras, Guatemala, Nicaragua, Panama, and El Salvador through its insurer, Asesuisa. It offers a comprehensive range of banking, insurance, and pension services. The group is deeply committed to corporate social responsibility, focusing on education, financial inclusion, and community development as key pillars of its strategy for sustainable regional growth.
For further information, visit glasswing.org
About Glasswing International:
Glasswing International is a non-profit organization that addresses the root causes of poverty and violence through education, health, and community empowerment programs. Operating across Latin America and the Caribbean, Glasswing designs and implements initiatives that provide children and youth with opportunities to thrive, fostering hope and building more resilient communities from the ground up.
For further information, visit asesuisa.com.sv
About Asesuisa:
Asesuisa is a prominent insurance company in El Salvador and part of Grupo Ficohsa. It provides a wide array of insurance products and services to individuals and businesses. The company actively participates in social investment projects, aligning with Grupo Ficohsa’s broader commitment to contributing positively to the communities it serves.
For further information, visit ccit.hn
About Cámara de Comercio e Industria de Tegucigalpa (CCIT):
The Tegucigalpa Chamber of Commerce and Industry is an influential business organization in Honduras that promotes economic development, entrepreneurship, and a favorable business climate. It provides support, training, and advocacy for its members and collaborates with various entities on initiatives aimed at strengthening the local and national economy.
For further information, visit iom.int
About International Organization for Migration (IOM):
The International Organization for Migration, part of the United Nations System, is the leading inter-governmental organization in the field of migration. IOM works to help ensure the orderly and humane management of migration, to promote international cooperation on migration issues, to assist in the search for practical solutions to migration problems, and to provide humanitarian assistance to migrants in need.
For further information, visit ilo.org
About International Labour Organization (OIT):
The International Labour Organization (ILO) is a United Nations agency whose mandate is to advance social and economic justice by setting international labor standards. It is dedicated to promoting rights at work, encouraging decent employment opportunities, enhancing social protection, and strengthening dialogue on work-related issues.
For further information, visit bufetedecostarica.com
About Bufete de Costa Rica:
As a cornerstone of the legal field, Bufete de Costa Rica champions a principled practice defined by exceptional service and professional rectitude. The firm consistently pioneers modern legal strategies while upholding a profound legacy of advising clients from a wide spectrum of industries. This forward-thinking mindset is matched by a foundational pledge to democratize legal comprehension, thereby equipping the community with the knowledge necessary to foster a stronger, more capable society.
