At 2025 the United Nations Responsible Business and Human Rights Forum (RBHR) Oxfam, TISFD, SalForest, Fair Finance Asia and the Aspen Network of Development Entrepreneurs organised a session titled - Systemic Risks, Systemic Solutions: From Inequality to Regenerative Business Models. At this session, I presented the Taskforce on Inequality and Social-related Financial Disclosures (TISFD) and why inequality must be treated as a systemic financial risk, not a peripheral social issue.
TISFD starts from a simple premise: business and finance both impact people and depend on them. These impacts, dependencies, risks, and opportunities shape not only outcomes for workers, communities, and consumers, but also long-term resilience for companies and investors.
Today, social disclosure remains fragmented and inconsistent. Companies often lack a common model to map how their activities affect people, how inequality feeds back into financial risk, and how system-level risks can accumulate across markets. This weakens accountability, limits comparability, and obscures material risks.
TISFD aims to close this gap by developing a global disclosure framework that enables businesses and financial institutions to understand and report on their impacts, dependencies, risks, and opportunities related to people. It will be supported by a body of evidence on social-related financial risks, guidance on metrics and targets, and educational resources to drive uptake.
The broader message of my intervention was - climate, nature, the economy, and society are deeply interconnected, and people are at the centre of these systems. If inequality continues to rise, transition risks will intensify. But if we improve social disclosures and align capital with people-centred outcomes, we can incentivise business models that are not only greener, but fairer and more resilient.
Systemic risks demand systemic transparency. TISFD is designed to help markets see the full picture and act accordingly.
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