Proposed framework seeks to improve how firms address people-related issues
Initial draft now open for public consultation.
The first draft of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) framework is now up for public consideration, with the goal of helping businesses and financial institutions when it comes to issues 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," said the taskforce, which was launched in 2025 to develop people-focused recommendations and guidance.
"By making these issues more visible, the TISFD framework aims to support better business decision-making, stronger investor insight, and clearer accountability to stakeholders."
Businesses, financial institutions, civil society organisations, labour representatives, as well as standard setters and policymakers are amongst those invited to provide feedback on Beta Version 0.1 of the framework.
The first edition spans conceptual foundations, proposed general requirements, draft disclosure recommendations, and areas for future development. Metrics and implementation guidance will be included in future versions, with a planned release of the final one in 2027 following further consultation as well as piloting and technical collaboration.
TISFD noted: "Supporting convergence with International Sustainability Standards Board, Global Reporting Initiative, and European Sustainability Reporting Standards, 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."
According to TISFD Executive Director Simon Rawson, the ongoing consultation will help ensure that the framework is not only practical and relevant but also usable across different reporting contexts.
"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," stated Rawson, who cited the "important opportunity" to provide feedback.
Stakeholders have until the end of July 2026 to participate in the first consultation via TISFD's interactive platform.
