TISFD News

The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) has today released the first draft version of its framework, marking an important milestone in efforts to improve how businesses and financial institutions understand and report impacts, dependencies, risks and opportunities related to people.

The draft framework responds to growing recognition that inequality and wider people-related issues are shaping business performance, investment outcomes and the stability of economies and markets. By making these issues more visible, the TISFD framework aims to support better business decision-making, stronger investor insight and clearer accountability to stakeholders.

Supporting convergence with International Sustainability Standards Board (ISSB), Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS), the framework aims to foster greater harmonisation across global disclosure standards and reduce fragmentation, helping make reporting on people-related issues more consistent and comparable globally.

TISFD also aligns structurally with the Taskforce on Climate-related Financial Disclosures (TCFD) and Taskforce on Nature-related Financial Disclosures (TNFD) frameworks, and is designed to support a more integrated approach to disclosures across people, climate and nature.

Developed through collaboration across business, finance, labour organisations, civil society and technical experts from multiple regions, the first version of the framework includes conceptual foundations, proposed general requirements, draft disclosure recommendations and areas for future development. Future editions will include recommendations on metrics and implementation guidance.

The release marks the start of a public consultation period on the first “beta” draft of the framework. Feedback from businesses, financial institutions, policymakers, labour organisations, civil society and technical experts will play a central role in shaping future iterations of the framework.

Stakeholders are encouraged to participate in the consultation via an interactive online platform, accessed through the TISFD website (tifsd.org). They are invited to share practical input on the clarity and usability of concepts and definitions and how the framework can best support strategy, risk management and disclosure needs.

Feedback on the first draft is invited before 31 July. This will be followed by a period of piloting, technical collaboration and further consultation. The final version of the framework is due for delivery in 2027.

Simon Rawson, Executive Director of TISFD, said:

“Organisations are navigating a period of profound economic and social change. Across these shifts, inequality and wider people-related issues are increasingly shaping business performance, investment outcomes and the stability of economies and markets.

This draft framework is intended to support organisations in identifying and disclosing decision-useful information that can strengthen strategy, risk management and long-term value creation. The consultation now underway is an important opportunity for stakeholders to help ensure the framework is practical, relevant and usable across different reporting contexts.”

Peter Bakker, Co-Chair of TISFD and President and CEO of the World Business Council for Sustainable Development, said:

“Businesses perform best in societies that are stable, productive and able to support sustainable growth.

This framework helps organisations better understand how their relationships with workers, consumers and communities shape resilience, performance and long-term value creation. It represents an important step towards making people-related considerations more visible in business and investor decision-making.”

Sharan Burrow, Co-Chair of TISFD and former General Secretary of the International Trade Union Confederation, said:

“Workers and communities are central to economic resilience and shared prosperity.

By improving visibility on how business activities affect people, their rights and exacerbate or mitigate inequalities - and how those dynamics affect markets and performance - this framework can help strengthen accountability and support more stable and inclusive economic outcomes.”

Arunma Oteh, Co-Chair of TISFD and former Treasurer of the World Bank, said:

“Investors increasingly recognise that inequality and wider people-related issues no doubt influence economic stability and long-term returns.

TISFD’s framework helps provide the structure and information needed to better understand these relationships and integrate them into investment decision-making.”

Gabriela Ramos, Co-chair of TISFD and Former Assistant Director General of UNESCO and OECD Sherpa

“Intensifying inequalities of wealth and opportunities are undermining growth, market stability and trust in democratic institutions. They are also curtailing more ambitious climate action. Business and financial activities have a critical role to play, because they contribute to these outcomes, but—more importantly—because they are essential in addressing them. Through the TISFD Framework, providing comparable information and a shared narrative, we hope to enhance their commitments in this field.”

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