The Task Force on Inequality-related Financial Disclosures (TIFD) is conceived as an explicit systemic risk management framework that can reduce inequality created by the private sector. A collaboration among a broad range of stakeholders, TIFD will provide guidance, thresholds, targets, and metrics for companies and investors to measure and manage their impacts on inequality, as well as inequality’s impacts on company and investor performance. Civil society organizations, regulators, and investors can use TIFD to evaluate the private sector’s performance and hold corporations to account. In this way, civil society, regulators, and investors will be the implicit enforcers of TIFD.
Purpose
The TIFD Project will synthesize existing inequality disclosure, risk management, and benchmarking frameworks of civil society and the private sector, and identify and fill gaps. It will introduce features not currently found together in any one framework:
- targets that companies and investors can work toward to alleviate inequality, and metrics to gauge their progress;
- thresholds to ensure that the framework observes planetary boundaries and human rights;
- a focus on investment structures and practices relating to inequality as well as portfolio company activities relating to inequality;,
- an explicit role for representatives of the most marginalized and vulnerable individuals and communities as co-creators.
TIFD is stewarded by an Interim Secretariat composed of the Argentine Network for International Cooperation (RACI), Predistribution Initiative (PDI), Rights CoLab, and the Southern Centre for Inequality Studies (SCIS). Its growing network of Allies includes investors, business and civil society organizations.
