Two organisations developing frameworks for financial disclosures for social and inequality-related risks are merging into a single initiative.
The Taskforce on Inequality-related Financial Disclosures (TIFD) and Taskforce on Social-related Financial Disclosures (TSFD) are joining forces to design a disclosure framework similar to those established for climate and nature-related risks.
The new taskforce will use third-party research and collaborate with existing initiatives as well as with “the people most impacted by inequality”, the group said.
“An early priority will be to develop an inclusive governance structure that includes a balance of these stakeholder representatives.”
Further information about the combined taskforce, including propositions regarding its governance, processes, and substantive work, will be shared for public consultation.
The creation of the consolidated Taskforce is also supported by the World Business Council for Sustainable Development, the Council for Inclusive Capitalism, Shift, and investor- and labour-focused organisations that are pursuing particular bodies of work that are aligned with the long-term vision for the taskforce.