Why TISFD social financial disclosures are gaining attention
TISFD social financial disclosures are emerging as an important area of focus for finance, ESG and business leaders.
At our recent Moir Group event, we welcomed Asha Kayla, former Head of Sustainable Impact – Partnerships & Solutions at Woolworths Group and TISFD Ambassador, to discuss the growing importance of the Taskforce on Inequality and Social related Financial Disclosures.
Held in front of a senior audience of CFOs, sustainability leaders, non-executive directors and finance executives, the session focused on a clear shift underway across ESG.
While climate and nature disclosures have moved into mainstream reporting, the “S” in ESG is now emerging as the next area of focus, with direct implications for risk, strategy and long-term value.
Seven key insights on TISFD social financial disclosures
1. Social factors are becoming financial risks
Workforce wellbeing, inequality and broader social impacts are increasingly translating into material business risk.
Importantly, these issues are no longer viewed as purely reputational. They are directly linked to performance, resilience and long-term value.
2. The “S” in ESG is catching up
Compared to climate and nature, the social pillar has been less developed and more fragmented.
TISFD is accelerating a shift toward more structured, consistent and comparable social disclosure.
3. TISFD is solving for complexity
Organisations are currently navigating multiple frameworks and standards.
TISFD aims to align existing approaches such as GRI, ISSB and UN principles, helping simplify how social impact is understood and reported.
4. From intent to outcomes
Many organisations already have policies and commitments in place.
The next step is demonstrating measurable outcomes and linking these to financial performance and decision making.
5. Ownership may sit across multiple functions
TISFD will not sit neatly within one team.
It will require alignment across:
- Finance
- HR and people functions
- Sustainability
- Operations
This reflects the broad impact that people related risks and opportunities have across the organisation.
6. Capital allocation will be influenced
As social risks become more visible and measurable, they are expected to play a greater role in:
- Investment decision making
- Capital allocation
- Valuation discussions
This is a key shift for boards and CFOs.
7. Start simple and act early
With the framework still in development, organisations do not need to wait.
Asha’s advice was clear. Focus first on understanding:
- Where your organisation creates positive value
- Where it may be creating negative or unintended impact
This provides a practical foundation as more formal reporting expectations continue to evolve.
Looking ahead for TISFD and social financial disclosures
The TISFD framework is currently in development, with further releases expected through to 2027.
While still voluntary, the trajectory is familiar. Similar to climate reporting, early adoption is likely to become a competitive and strategic advantage.
Final perspective on TISFD social financial disclosures
The key message from the session was clear.
Social impact is moving from a qualitative conversation to something that is increasingly measurable, comparable and financially relevant.
For business leaders, the focus should now shift from understanding whether this matters, to how quickly it will shape decision making.
To learn more about TISFD or explore how to get involved, visit https://www.tisfd.org/
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Moir Group is a specialist finance, accounting and ESG recruitment company. We cover temporary and permanent roles from Financial Accountant to CFO level. We also recruit Sustainability and ESG positions across all industry sectors.
