Denominator has been appointed as a Knowledge Partner to the Taskforce on Inequality and Social-related Financial Disclosures (TISFD), reinforcing the growing role of social and human capital data in financial decision-making.
As a Knowledge Partner, Denominator will contribute technical expertise and data-driven insight into how people-related factors can be structured, analyzed, and applied to uncover financial materiality, risk, and opportunity.
Denominator’s appointment builds on its initial support for TISFD following the launch of People in Scope in September 2024, which outlined the Taskforce’s proposed scope, governance, and workplan. The Knowledge Partner role marks a transition from supporter to active contributor, providing technical expertise to support TISFD’s work on inequality and social-related financial disclosures.
“Being appointed as a Knowledge Partner to TISFD reflects how central social and human capital data has become to financial decision-making. High-quality, comparable insight is essential to understand how human capital management translates into risk and opportunity.” – Anders Rodenberg, CEO of Denominator
What is TISFD?
The Taskforce on Inequality and Social-related Financial Disclosures (TISFD) is a global initiative developing recommendations and guidance for businesses and financial institutions.
Its objective is to help organizations understand and report impacts, dependencies, risks, and opportunities related to people. The aim of the Taskforce is to incentivize business and financial practices that create stronger, more resilient societies and economies.
TISFD’s work is designed to be market-usable, aligned with international standards of business conduct, and interoperable with existing reporting frameworks addressing climate change and nature loss.
How TISFD approaches human capital and inequality
Grounded in evidence, a central focus of TISFD is to strengthen the evidence base linking social and human capital factors to financial materiality – both at entity level and at system level.
Its research and evidence-building is structured around four pillars:
- Pillar 1: Impacts of business and financial institutions on people and inequalities
- Pillar 2: Entity-level financial materiality of social and inequality-related issues
- Pillar 3: System-level financial materiality and systemic risk
- Pillar 4: Linkages between people, nature, and climate
Denominator’s contribution as a Knowledge Partner
With coverage of 1,800+ data points across more than 10 million public and private companies, Denominator delivers the granularity needed to translate and monitor people-related issues into measurable financial evidence.
This granularity enables structured, comparable analysis of people-related risk and opportunities, translating social factors into measurable financial evidence.
As a Knowledge Partner, Denominator will support TISFD’s work by:
- Mapping and synthesizing existing evidence on social and human capital risks
- Identifying gaps where additional data or research is required
- Contributing insights into how people-related factors translate into financial materiality, especially at company level.
- Supporting the development of practical, decision-useful disclosure guidance
I’m delighted to welcome Denominator to TISFD’s growing family of Knowledge Partners, who support the Taskforce by providing technical expertise and market insights. Denominator’s experience with company data on social and inequality-related issues will be invaluable for TISFD, helping us to build evidence of financial materiality, identify meaningful metrics and overcome data challenges. - Simon Rawson, Executive Director at TISFD
This contribution builds on Denominator’s existing research, where social and human capital data is already used to assess risk, inform stewardship, and support engagement strategies.
Why human capital is relevant for investors
Human capital is increasingly recognized as a material factor in long-term investment analysis. For investors and pension funds, workforce stability, leadership composition, labor practices, and employee wellbeing can influence
- Risk management and resilience
- Governance quality
- Stewardship and engagement priorities
- Long-term value creation
Despite this relevance, social and human capital factors have historically lacked consistent data and disclosure standards. TISFD aims to address this gap by creating guidance that supports comparable and decision-useful reporting.
Looking ahead
The Knowledge Partner role reflects a shared focus on moving the discussion of inequality and human capital from broad principles to financial relevance, grounded in evidence.
This appointment builds on Denominator’s ongoing work to strengthen the evidence base linking social and human capital factors to financial materiality. As part of this effort, Denominator is launching financial materiality research across more than 35,000 companies, combining financial indicators with over 200 social and human capital data points. Preliminary findings are expected in the first half of 2026.
Through its collaboration with TISFD, Denominator will continue to contribute data, research, and practical insight to support clearer, more consistent understanding of when people-related issues become financially material – and how they can be measured, compared, and disclosed.
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