AbstractIn the Abrolhos Bank (Southwest Atlantic), multidimensional indicators were used in sustainability assessments of data‐poor reef fisheries. Potential impacts, risks and stocks vulnerabilities were evaluated based on biological, environmental, social and economic aspects by combining both adapted productivity and susceptibility analysis (PSA) and scale intensity consequence analysis (SICA). Data were obtained from local surveys with stakeholders and experts and from literature. A value chain map revealed final consumers at many locations and middleman presence. Vulnerability to overexploitation ranged from low (Cephalopholis fulva (L.), Lutjanus synagris (L.) and Ocyurus chrysurus (Bloch)) to moderate (Lutjanus jocu (Bloch & Schneider), Epinephelus morio (Val.) and Mycteroperca bonaci Poey). While moderate consequences of the catches were observed to C. fulva, major consequences were identified to the other five stocks. The main threat to coral reef habitats was found to be mining wastes. Poor governance may constrain fisheries sustainability in the region, while the empowerment of fishers in both governance and post‐harvest processes should enhance it.