TISFD Beta 0.1 Framework Reference
Complete reference guide for the Taskforce on Inequality and Social-related Financial Disclosures
Framework Overview
The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) is developing a global disclosure framework that addresses the financial materiality of inequality and people-related impacts. The Beta 0.1 framework, released for public consultation in 2026, establishes the foundational architecture for corporate reporting on how inequality affects — and is affected by — business activities. The framework explicitly links inequality and people-related impacts to economic resilience, societal stability, and financial performance. This represents a significant shift from traditional social reporting, moving from activity-based reporting ("we run community programs") to impact-based disclosure ("how does workforce exclusion, inequality, housing pressure, or supply chain exploitation create operational, reputational, regulatory, talent, productivity or investor risk?").
Key Principles
Double Materiality
The framework applies double materiality, considering both financial materiality (how inequality affects enterprise value) and impact materiality (how the organisation affects inequality). This is the major shift from traditional reporting.
People Categories
TISFD considers four categories of affected people: own workforce, workers in the value chain, consumers/end-users, and affected communities (including Indigenous and First Nations peoples).
System-level Thinking
The framework recognises that inequality creates system-level risks that affect all market participants. Individual company actions collectively impact societal stability and economic resilience.
Interoperability
TISFD is designed to interoperate with TCFD, TNFD, ISSB (IFRS S1/S2), GRI Standards, and UN Guiding Principles on Business and Human Rights, reducing reporting burden.
Progressive Implementation
The framework acknowledges that organisations are at different stages of maturity and supports progressive implementation with increasing sophistication over time.
General Requirements
Five general requirements underpinning all TISFD disclosures
Core Disclosure Pillars
Four-pillar structure adapted from TCFD, TNFD, and ISSB Standards
The governance pillar requires organisations to describe how their governance structures oversee, manage, and are accountable for inequality and people-related issues. This includes Board-level oversight processes, management roles and responsibilities, and how affected stakeholders inform governance decisions.
Board Oversight
Describe the Board's oversight of people-related impacts, dependencies, risks, and opportunities, including the Board's role in reviewing and guiding strategy, policies, and targets.
Describe the processes by which the Board is informed about inequality and people-related issues. Include frequency of Board-level review, which committee(s) are responsible, and how inequality risks are integrated into the Board's risk appetite framework.
Management's Role
Describe management's role in assessing and managing people-related impacts, dependencies, risks, and opportunities.
Detail the management structures, processes, and accountabilities for inequality assessment. Include how management identifies, assesses, and prioritises people-related risks across the value chain.
Policies & Commitments
Describe the organisation's policies and commitments related to inequality and people-related impacts.
Document formal policies covering human rights, diversity and inclusion, modern slavery, community engagement, Indigenous engagement, and social procurement. Describe how policies are implemented, monitored, and reviewed.
Implementation Timeline
2025
TISFD Secretariat established
May 2026
Beta 0.1 framework published for public consultation
31 July 2026
Public consultation closed
Late 2026
Pilot testing phase with participating organisations
2027
Final framework (Version 1.0) expected publication
2028+
Adoption and integration with regulatory frameworks