TISFD Releases Draft Framework for Human Rights and Social Disclosures

The Taskforce on Inequality and Social-related Financial Disclosures published the first draft of its reporting framework, covering human rights, labor rights, inequality and social capital. The framework is structured to align with ISSB, GRI and ESRS standards, with a public consultation open through July 31, 2026.

TISFD released the draft framework after its founding in early 2025, built on the model of the TCFD and TNFD. The document sets five general disclosure requirements: materiality, system-relevant information, stakeholder engagement, scope, and time horizons. Reporting topics span human rights, labor rights, worker well-being, inequality, and social capital, covering an organization's own workforce, value chain workers, consumers and communities. The final framework is anticipated in late 2027.

The framework responds to growing recognition that inequality and people-related issues are shaping business performance and investment outcomes. For investors in India and globally, the inclusion of value chain workers and community impacts within a standardized disclosure structure provides comparable data across sectors with complex labor arrangements, including garment, agriculture and contract manufacturing. The alignment with ISSB and GRI reduces the burden of reporting across multiple regimes.

TISFD has opened a public consultation running through July 31, 2026, which it describes as central to shaping future iterations of the standard. Priority development areas include key drivers of system-level inequality risks, scenario analysis, and metrics and targets. Executives from the World Business Council for Sustainable Development and the TISFD leadership have emphasized that the framework helps organizations make people-related considerations visible in business and investor decision-making.

Key figure — July 31, 2026 consultation deadline