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B4SI members to help shape the Conceptual Foundations of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD)

As Alliance members of the Taskforce on Inequality and Social-related Financial Disclosures (TISFD), B4SI global members have been invited to take part in shaping the Taskforce’s emerging framework. In June, members will join sessions to help co-develop the ‘Conceptual Foundation’ for TISFD’s indicators and metrics—set to be released for public consultation in September 2025. 

B4SI is one of three key business groups that will be consulted during this foundational stage, alongside the Commissioners of the World Business Council for Sustainable Development’s Business Commission to Tackle Inequality (WBCSD BCTI) and members of the Principles for Responsible Investment (PRI).

The member-only sessions will be held on:

Each session will be 60 minutes long, with 20 minutes of presentations by the TISFD and 40 minutes of plenary discussion.

About the Conceptual Foundation

The foundation under development will guide the identification and assessment of indicators and metrics for social-related risks, impacts, dependencies, and opportunities. Recognising that people-related issues are multi-faceted and highly localised, TISFD is committed to ensuring the indicators are meaningful, decision-useful, and adaptable across regions and industries.

TISFD’s approach involves:

  • Defining selection criteria based on:

    • Consequence for a range of reporting organisations

    • Significance of social-related risks and opportunities

    • Relevance to managing entity- and system-level impacts

  • Recommending assessment metrics that consider:

    • Indicators of impact drivers and outcomes on people’s well-being

    • Predictive value of indicators, both qualitative and quantitative

    • Geographic and cultural specificities, and company size and capacity

This collaborative development process will ensure the framework is practical, globally relevant, and aligned with broader disclosure systems.

About the TISFD

Launched in September 2024, the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) is a global, multi-stakeholder initiative designed to fill the gap in consistent reporting on social impacts. Building on frameworks like the TCFD and TNFD, the TISFD aims to help financial institutions and businesses manage risks and opportunities related to people, inequality, and social dependency—laying the foundation for fairer, more resilient economies.

Learn more here.

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