Groups exploring social and inequality TCFD equivalents announce merger

By Gina Gambetta
April 14, 2023

The Taskforce on Inequality-related Financial Disclosures (TIFD) and the organisations preparing a Taskforce on Social-related Financial Disclosures (TSFD) are consolidating efforts into a single initiative.

Plans for TIFD were first announced in 2020 with the aim of providing guidance, thresholds, targets and metrics for companies and investors to measure and manage their impacts on inequality, as well as the impact of inequality on company and investor performance.

TIFD is led by an interim secretariat that includes the Argentine Network for International Cooperation (RACI), Predistribution Initiative (PDI), Rights CoLab, Southern Centre for Inequality Studies (SCIS), and United Nations Development Programme (UNDP).

The proposal to create the TSFD, on the other hand, was initiated by the Business for Inclusive Growth (B4IG) coalition together with its strategic partner, the OECD. Initial discussions took place in November 2021 during B4IG’s board meeting.

The creation of the consolidated taskforce is also supported by the World Business Council for Sustainable Development (WBCSD), the Council for Inclusive Capitalism (CIC), and Shift, as well as investor and labour-focused organisations that are “pursuing particular bodies of work that are aligned with the long-term vision for the taskforce.”

Read the full article in Responsible Investor. 

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