The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) has announced the 25 members of its cross-sector steering committee, including US pension fund CalPERS and French multinational insurance firm AXA. The committee will oversee the development of a global framework for social-focused financial disclosures, as well as guidance on supporting metrics and implementation strategies. “To gain greater insight, we support the work of TISFD toward measuring and reporting on inequality and other socially related, financially material metrics,” said CalPERS CEO Marcie Frost. “We believe that a standardised methodology to better account for these risks will lead to more sustainable returns over the long-term.” Other committee members include ING, Nippon Life Insurance and Generation Investment Management. “We believe the work of the TISFD will help investors understand the risks presented by inequality and other social factors, and create a simplified, shared approach to analysing the impact of their investments on society and people,” said David Blood, Senior Partner at Generation Investment Management. Launched last year, the TISFD aims to serve as a global initiative supporting companies and investors in the identification, assessment and disclosure of inequality and other social-related risks, opportunities and impacts.
