The Taskforce on Inequality and Social-Related Financial Disclosures

The Taskforce on Inequality and Social-Related Financial Disclosures (TISFD) is a global initiative that seeks to develop recommendations and guidance for businesses and financial institutions to identify, understand, and disclose people-related impacts, dependencies, risks, and opportunities. The aim of the TISFD is to incentivise business and financial practices that create stronger, more resilient societies and economies, and to support a more integrated approach to disclosures across people, climate, and nature.

The TISFD intends to make people-related issues visible to enable better decision-making, strengthen investor insights, and improve accountability to stakeholders. Towards achieving this, the TISFD Framework (Beta Version 0.1) has been released and is open for public consultation. It provides conceptual foundations, proposes general requirements, and features draft disclosure recommendations. It also identifies areas for future development, such as recommended metrics and implementation guidance. The framework supports harmonisation across global standards (including ISSB, GRI, and ESRS), and enables interoperability with key climate and nature frameworks, like the Task Force on Climate-related Financial Disclosures (TCFD, which IFRS S1 and S2 have integrated and built upon) and the Taskforce on Nature-related Financial Disclosures (TNFD).