Workstream 1

Workstream #1:

Improve standard setting and disclosure

Through a unique two-way learning and co-creation process, we work with investors and their stakeholders to develop a shared understanding of how investors — often unintentionally — contribute to negative impacts and how to improve their practices.

The Task Force on Inequality-related Financial Disclosures (TIFD): PDI, Rights CoLab, the Southern Centre for Inequality Studies (SCIS, University of Witwatersrand), and Argentine Network for International Cooperation (RACI), together with a diverse coalition of partner and supporting organizations, are co-creating a Task Force on Inequality-related Financial Disclosures (TIFD). Inspired by the successful uptake of the Task Force on Climate-related Financial Disclosures (TCFD), TIFD is conceived as an explicit systemic risk management framework that can reduce inequality created by the private sector. TIFD will provide guidance, thresholds, targets, and metrics for companies and investors to measure and manage their impacts on inequality, as well as inequality’s impacts on company and investor performance.

Improving Investor Contribution Metrics with the Impact Management Project (IMP) & Impact Frontiers: In 2020, the IMP – in partnership with PDI – asked its community of practitioners to consider and debate areas where investors – separately from the enterprises they finance – engage in practices that result in social and/or environmental harm and amplify systemic risks (or systematic risks to investors’ portfolios). Impact Frontiers, as an initiative of the IMP, led the IMP’s participation in this effort. The perspectives of the community, which took place over a series of interactive webinars and via the IMP’s online forum, have been synthesised into this discussion document which is available for public feedback. Click here to learn more about these emerging metrics and to engage in their development.