TISFD launches draft framework on inequality and people-related financial risks
The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) has released the first beta version of its global disclosure framework, aimed at strengthening how businesses and financial institutions assess and report on inequality and other people-related risks and opportunities.
The draft framework responds to growing recognition that social factors, including inequality, labor conditions, community impacts, and human rights, can materially affect business performance, investment outcomes, and the stability of economies and markets.
Structured around the concepts of impacts, dependencies, risks, and opportunities, the framework is designed to support better decision-making, improve investor insight, and enhance accountability to stakeholders.
The beta version (0.1) includes conceptual foundations, proposed general requirements, and draft disclosure recommendations, with future iterations expected to introduce metrics and implementation guidance.
TISFD also seeks alignment and interoperability with existing global standards – including those of the International Sustainability Standards Board (ISSB), Global Reporting Initiative (GRI), and European Sustainability Reporting Standards (ESRS) – while adopting a structure consistent with the TCFD and TNFD frameworks to support integrated disclosures across climate, nature, and social issues.
The release marks the start of a public consultation period, with feedback invited until July 31, 2026, ahead of further piloting and development. The final framework is expected in 2027.