The U.S. Impact Investing Alliance applauds the introduction of the Workforce Investment and Sustainable Employment Reporting (WISER) Act (HB 5147 and SB 3975) by State Representative Mary Beth Canty and State Senator Omar Aquino of Illinois, which would require large companies to disclose key workforce data.

Today’s economy has shifted from one dominated by physical assets to one driven by intangible value, including a company’s workforce. Existing corporate disclosure frameworks do not capture standardized data on key factors like workforce composition, compensation and retention. As a result, investors and corporate stakeholders are left without access to financially relevant information needed to assess how companies invest in their workforce. The WISER Act aims to address this need by requiring consistent corporate reporting on these key workforce metrics and others like workforce stability and workplace quality.

"The WISER Act acknowledges two fundamental truths hand in hand: a company’s success depends on its investment in its people, and healthy capital markets rely on clear, comparable data,” said Fran Seegull, President of the U.S. Impact Investing Alliance. “We are proud to partner with Representative Canty and Senator Aquino to champion transparency on workforce data. We thank them for their efforts in Illinois, which will help pave the way toward building a more resilient, thriving economy."

The Alliance’s support for the WISER Act builds on our longstanding advocacy for greater transparency for investors on financially relevant impact factors, including stronger workforce data disclosures.

We encourage investors and business leaders with a presence in Illinois to engage with state policymakers to support the WISER Act as a critical step toward aligning capital markets with long-term economic resilience and shared prosperity.