Taskforce on Inequality and Social-related Financial Disclosures

What Taskforce on Inequality and Social-related Financial Disclosures does

The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) is a global multi-stakeholder initiative launched in September 2024 that develops disclosure recommendations and guidance for businesses and financial institutions to identify and report on people-related impacts, dependencies, risks, and opportunities. Its mission is to incentivize business and financial practices that strengthen societal and economic resilience by making social and inequality-related issues financially visible and comparable. TISFD is governed by a 25-member Steering Committee led by four Co-Chairs and administered by a Secretariat hosted within UNDP's Sustainable Finance Hub in New York.

TISFD's core product is the TISFD Framework, currently in Beta Version 0.1 (released May 2026) and under public consultation through 31 July 2026, with the final framework expected in 2027. The framework is built on a Conceptual Foundations Discussion Paper and supported by an online Evidence Hub and an interactive feedback platform. It is structurally aligned with TCFD and TNFD and designed to interoperate with ISSB, GRI, and ESRS standards. Supporting infrastructure includes four Regional Councils (Americas, Asia-Pacific, Europe & UK, Middle East & Africa), a Knowledge Partners program of 18 organizations (including the Big 4, GRI, ISO, TNFD, UNEP FI, and IFC), and the TISFD Alliance, a free membership community of 386+ organizations across 52 countries and 35 industries.

TISFD is funded entirely by grants from institutional partners including the Swiss Federal Government, Laudes Foundation, Generation Foundation, the Government of Germany, and Ford Foundation. The framework is publicly available at no cost, Alliance membership is free, and the organization has no pricing or licensing revenue. Its GTM motion is community-led and event-driven, anchored by 20 founding partner organizations spanning public, private, and civil society sectors. The entity is structurally an initiative rather than a commercial company; there is no traditional revenue model, no equity, and no disclosed financials.

Name

Taskforce on Inequality and Social-related Financial Disclosures

Legal name

Taskforce on Inequality and Social-related Financial Disclosures

Website

https://tisfd.org

Company type

Private

Founded year

2025

Operating status

Operating

Headcount range

11–50 employees

Short description

TISFD is a global multi-stakeholder initiative developing a disclosure framework that helps businesses and financial institutions identify and report on inequality and people-related risks and opportunities, structurally aligned with TCFD and TNFD and interoperable with ISSB, GRI, and ESRS.

Ownership category

akta.pro rank

Product category

Sustainability Disclosure Standards

akta.pro primary industry

Monitoring, Evaluation, Learning (MEL) & Reporting for Donor Programs (BPADAOAL)

akta.pro secondary industry

Results-Based Financing (RBF) & Performance-Based Grants (BPADAOAF)

Keywords

• Sustainability disclosure framework
• Social impact reporting
• Financial disclosure standards
• ESG reporting standards
• Inequality measurement

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Others

Revenue model

1. Foundation Funding: TISFD is funded by foundations and institutional partners including Swiss Federal Government, Laudes Foundation, Generation Foundation, Germany, and Ford Foundation. Membership is free and the framework is publicly available at no cost.

Pricing tiers

Go-to-market motion3 records

Distribution channels5 records

Marketing channels8 records

Core offering

TISFD develops recommendations and guidance—a disclosure framework—for businesses and financial institutions to understand and report on impacts, dependencies, risks, and opportunities related to people (social and inequality issues). The core deliverable is the TISFD Framework (currently in Beta Version 0.1), supported by a Conceptual Foundations Discussion Paper, an interactive Evidence Hub for research, and an Interactive Feedback Platform for stakeholder consultation during public review.

Product overview

TISFD is a global initiative that develops a disclosure framework for businesses and financial institutions to understand and report on people-related impacts, dependencies, risks, and opportunities. The core product is the TISFD Framework, which is supported by the Conceptual Foundations Discussion Paper that establishes key terms and definitions. TISFD also operates through an interactive Evidence Hub platform for accessing research evidence, an Interactive Feedback Platform for stakeholder consultation, and manages a global multi-stakeholder TISFD Alliance community. The initiative is governed by Regional Councils across four geographic regions and supported by Knowledge Partners who provide technical expertise.

Differentiator

Problem solved

Functional benefit

Products and services

• TISFD Framework (Beta Version 0.1)
• Conceptual Foundations Discussion Paper
• Evidence Hub
• Interactive Feedback Platform

Quantifiable outcome

• 386+ organisations joined the TISFD Alliance as of 2026
• +2 more outcomes

Named customers14 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

39 partnerships are on record, tiered core and key.

• CalPERScoreStrategic or Co-development PartnerCalifornia Public Employees' Retirement System serves as a founding partner and Steering Committee member. CalPERS CEO Marcie Frost provides strategic guidance and supports TISFD's mission to measure and report on inequality and socially related financially material metrics.
• Principles for Responsible Investment (PRI)coreStrategic or Co-development PartnerPRI serves as a founding partner, with CEO David Atkin on the Steering Committee. PRI supports integrating inequality and social-related risks into investor decision-making strategies.
• World Business Council for Sustainable Development (WBCSD)coreStrategic or Co-development PartnerWBCSD President & CEO Peter Bakker serves as Co-Chair. WBCSD is a founding partner providing business leadership and supporting TISFD's mission to incentivize sustainable business practices.
• OxfamcoreStrategic or Co-development PartnerOxfam International serves as a founding partner with Executive Director Amitabh Behar and Director Namit Agarwal participating in governance. Oxfam provides civil society perspective and advocates for Global South inclusion.
• NaturacoreStrategic or Co-development PartnerBrazilian beauty company Natura serves as a founding partner with VP Ana Beatriz Costa on Steering Committee. Represents Latin American business perspective on addressing social inequalities.
• Manulife Investment ManagementcoreStrategic or Co-development PartnerManulife serves as a founding partner with Chief Sustainability Officer Brian Kernohan on Steering Committee. Provides financial institution perspective on social disclosures.
• International Labour Organization (ILO)coreStrategic or Co-development PartnerILO serves as a founding partner with Director Rosemary Amondi on Steering Committee. Provides labour expertise and supports just transition initiatives.
• Schneider ElectriccoreStrategic or Co-development PartnerSchneider Electric serves as a founding partner with CEO Olivier Blum on Steering Committee. Represents corporate perspective on sustainable and inclusive business practices.
• Shift ProjectcoreStrategic or Co-development PartnerShift Project serves as a founding partner providing expertise on business and human rights. President Caroline Rees contributes to Steering Committee.
• World Benchmarking AlliancecoreStrategic or Co-development PartnerWBA serves as a founding partner with Head of Social Delilah Rothenberg on Steering Committee. Provides benchmarking expertise on corporate social performance.
• OECDcoreStrategic or Co-development PartnerOECD serves as a founding partner with Director Romina Boarini of the WISE Centre on Steering Committee. Provides research and policy expertise on well-being and inequality.
• United Nations Development Programme (UNDP)coreStrategic or Co-development PartnerUNDP serves as a founding partner and administrative host. UNDP Sustainable Finance Hub Director Tom Beloe supports TISFD's work. UNDP Stakeholder Response Mechanism provides independent recourse.
• Predistribution InitiativecoreStrategic or Co-development PartnerPredistribution Initiative serves as a founding partner with Executive Director Carmen Correa on Steering Committee. Focuses on inclusive economic models.
• Fair Finance AsiacoreStrategic or Co-development PartnerFair Finance Asia serves as a founding partner providing regional expertise on financial inclusion and social accountability in Asia.
• Inclusive CapitalismcoreStrategic or Co-development PartnerInclusive Capitalism serves as a founding partner supporting TISFD's mission to create fairer economic systems.
• PODERcoreStrategic or Co-development PartnerPODER serves as a founding partner providing Latin American civil society perspective on corporate accountability.
• Rights CoLabcoreStrategic or Co-development PartnerRights CoLab serves as a founding partner contributing expertise on human rights in business contexts.
• Workforce Disclosure InitiativecoreStrategic or Co-development PartnerWorkforce Disclosure Initiative serves as a founding partner promoting transparency in workforce practices.
• RACicoreStrategic or Co-development PartnerRed de Acción por los Derechos Humanos serves as a founding partner providing Latin American human rights network perspective.
• GSG ImpactcoreStrategic or Co-development PartnerGSG Impact serves as a founding partner supporting impact measurement and social finance.
• Association of Chartered Certified Accountants (ACCA)keyStrategic or Co-development PartnerKnowledge Partner providing technical expertise on sustainability reporting and professional standards
• DeloittekeyStrategic or Co-development PartnerKnowledge Partner providing audit, consulting, and sustainability expertise to support framework development
• KPMGkeyStrategic or Co-development PartnerKnowledge Partner providing professional services expertise in sustainability reporting and assurance
• PricewaterhouseCoopers (PwC)keyStrategic or Co-development PartnerKnowledge Partner providing consulting and advisory services on sustainability disclosures
• EYkeyStrategic or Co-development PartnerKnowledge Partner providing professional services and sustainability reporting expertise
• Global Reporting Initiative (GRI)keyStrategic or Co-development PartnerKnowledge Partner providing expertise on sustainability reporting standards and interoperability
• Taskforce on Nature-related Financial Disclosures (TNFD)keyStrategic or Co-development PartnerKnowledge Partner providing structural alignment and interoperability with nature-related disclosure framework
• UN Environment Programme Finance Initiative (UNEP FI)keyStrategic or Co-development PartnerKnowledge Partner providing sustainable finance expertise and network of financial institutions
• UN Global CompactkeyStrategic or Co-development PartnerKnowledge Partner providing corporate sustainability network and Ten Principles expertise
• International Organization for Standardization (ISO)keyStrategic or Co-development PartnerKnowledge Partner providing standards development expertise and international coordination
• European Financial Reporting Advisory Group (EFRAG)keyStrategic or Co-development PartnerKnowledge Partner providing expertise on European sustainability reporting standards (ESRS)
• Forvis MazarskeyStrategic or Co-development PartnerKnowledge Partner providing audit and advisory services on sustainability and social disclosures
• Capitals CoalitionkeyStrategic or Co-development PartnerKnowledge Partner providing expertise on natural and social capital accounting methodologies
• DenominatorkeyStrategic or Co-development PartnerKnowledge Partner providing sustainability data and benchmarking expertise
• ISS STOXXkeyStrategic or Co-development PartnerKnowledge Partner providing ESG ratings and sustainability indices expertise
• MSCI ESG ResearchkeyStrategic or Co-development PartnerKnowledge Partner providing ESG research and data analytics to inform framework development
• UNESCOkeyStrategic or Co-development PartnerKnowledge Partner providing expertise on social sciences, ethics of technology, and inclusive development. Assistant Director-General Gabriela Ramos serves as Co-Chair.
• International Finance Corporation (IFC)keyStrategic or Co-development PartnerKnowledge Partner providing expertise on sustainable finance and private sector development in emerging markets
• Impact Management PlatformkeyStrategic or Co-development PartnerTISFD joined the Impact Management Platform as a Partner, coordinating with leading international providers of sustainability standards to mainstream impact management practice and improve interoperability of standards.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Task Force on Climate-related Financial Disclosures (TCFD): TCFD is the original climate disclosure taskforce whose structure TISFD replicates for social topics. TCFD's trajectory from voluntary initiative to absorbed-into-ISSB standard is the template TISFD is following and the benchmark for measuring adoption success.
• Global Reporting Initiative (GRI): GRI is the most established sustainability reporting standard-setter and a TISFD Knowledge Partner. Both organizations develop topic-specific disclosure standards for companies, and they have committed to interoperability — TISFD's social pillar sits alongside GRI's existing social Topic Standards.
• Climate Disclosure Standards Board (CDSB): CDSB developed climate and environmental disclosure frameworks for corporate reporting, paralleling TISFD's mandate for social disclosures. CDSB was ultimately consolidated into the IFRS Foundation, illustrating one institutionalization pathway that TISFD may follow.
• Impact Management Platform (IMP): IMP convenes standards-setters to harmonize impact measurement for investors and enterprises, including social impact. TISFD joined IMP as a Partner, and IMP's structured approach to impact classification directly informs TISFD's framework design.
• Taskforce on Nature-related Financial Disclosures (TNFD): TNFD is the direct structural analogue for nature-related disclosures, sharing TISFD's taskforce model, TCFD-aligned architecture, and global multi-stakeholder governance. TISFD explicitly aligns with TNFD for interoperability, making it the closest comparable peer.
• Value Reporting Foundation (SASB & IIRC): SASB developed industry-specific sustainability accounting standards including social and human capital metrics, and is now part of ISSB. It is comparable to TISFD as an industry-disaggregated social and workforce disclosure reference, particularly for financial materiality framings.

Others

• Capitals Coalition: Capitals Coalition develops the Natural and Social Capital Protocols, providing accounting methodologies for social impacts and dependencies. As a TISFD Knowledge Partner, it is an adjacent enabling player whose frameworks may feed into TISFD's metrics.
• World Benchmarking Alliance (WBA): WBA publishes corporate benchmarks on social performance including inequality and human rights, and is a TISFD founding partner. It is comparable as a complementary benchmarking infrastructure that helps translate TISFD disclosures into measurable corporate assessments.

Emerging players

• World Economic Forum Stakeholder Capitalism Metrics: The WEF's Stakeholder Capitalism Metrics (now maintained by IBC) provide a core set of ESG disclosures including people-related metrics. They are comparable to TISFD as an alternative voluntary disclosure framework that overlaps with TISFD's "Principles of Fairness" and "Adverse Impacts" pillars.

Broad incumbents

• International Sustainability Standards Board (ISSB): ISSB, housed under the IFRS Foundation, sets the global baseline for sustainability disclosures. TISFD's structural alignment with ISSB and stated interoperability make it both a partner and a potential reference point if ISSB eventually expands into social topics.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/taskforce-on-inequality-and-social-related-financial-disclosures-tisfd

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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