Draft framework to increase visibility of inequality launched

The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) has released the first draft version of its framework, marking an important milestone in efforts to improve how businesses and financial institutions understand and report impacts, dependencies, risks and opportunities related to people.

The draft framework responds to growing recognition that inequality and wider people-related issues are shaping business performance, investment outcomes and the stability of economies and markets. By making these issues more visible, the TISFD framework aims to support better business decision-making, stronger investor insight and clearer accountability to stakeholders.

Supporting convergence with International Sustainability Standards Board (ISSB), Global Reporting Initiative (GRI) and European Sustainability Reporting Standards (ESRS), the framework aims to foster greater harmonisation across global disclosure standards and reduce fragmentation, helping make reporting on people-related issues more consistent and comparable globally.

TISFD also aligns structurally with the Taskforce on Climate-related Financial Disclosures (TCFD) and Taskforce on Nature-related Financial Disclosures (TNFD) frameworks, and is designed to support a more integrated approach to disclosures across people, climate and nature.

Developed through collaboration across business, finance, labour organisations, civil society and technical experts from multiple regions, the first version of the framework includes conceptual foundations, proposed general requirements, draft disclosure recommendations and areas for future development. Future editions will include recommendations on metrics and implementation guidance.

The release marks the start of a public consultation period on the first “beta” draft of the framework. Feedback from businesses, financial institutions, policymakers, labour organisations, civil society and technical experts will play a central role in shaping future iterations of the framework.

Stakeholders are encouraged to participate in the consultation via an interactive online platform, accessed through the TISFD website (tifsd.org). They are invited to share practical input on the clarity and usability of concepts and definitions and how the framework can best support strategy, risk management and disclosure needs.

Feedback on the first draft is invited before 31 July. This will be followed by a period of piloting, technical collaboration and further consultation. The final version of the framework is due for delivery in 2027.

December 28, 202528 December 2025

New funds to unlock millions for frontline environmental action

A new package of $67m has been approved by the Global Environment Facility to help nations take frontline action on biodiversity loss, pollution and a rapidly warming planet. With UNDP’s support, the funding will be channelled to nine projects targeting some of the world’s most fragile ecosystems and climate-vulnerable communities in Africa, Asia-Pacific, Latin America and the Middle East and North Africa.

December 14, 202514 December 2025

Deal reached on updated EU sustainability reporting and due diligence

Legal Affairs Committee MEPs and the European Council have agreed to reduce sustainability reporting and due diligence requirements for companies, a proposal that forms part of the so-called Omnibus I package. According to the informal agreement, social and environmental reporting will only be required for EU companies employing on average over 1,000 employees and with a net annual turnover of over €450m. The net turnover threshold has also been increased for non-EU companies to €450m generated in the EU for sustainability reporting.

December 14, 202514 December 2025

ISSB issues targeted amendments to IFRS S2

The International Sustainability Standards Board (ISSB) has issued targeted amendments to greenhouse gas (GHG) emissions disclosure requirements in IFRS S2 Climate-related Disclosures in response to specific application challenges that were identified as companies started to apply the Standard.