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New Report Highlights TIAA’s Commitment to Responsible Business and Investing Practices

NEW YORK, April 22, 2022 /PRNewswire/ — As aspect of its Earth Day celebrations, TIAA released its Liable Small business Report outlining how the business is making a good impact on modern society and the people today and institutions it serves.

TIAA’s Dependable Business Report outlines how the corporation is building a positive impact on society.

The report delivers an overview of TIAA’s company social responsibility and responsible investing insurance policies and programs throughout affect spots like environmental stewardship, governance, community engagement, range, fairness and inclusion and investing.

“At TIAA, our motivation to Be The Improve is at the coronary heart of who we are — as a dependable market chief, a workforce advocate and a community and environmental steward. Our accountable business procedures glow all over the group,” claimed Corie Pauling, Chief Inclusion Range & Equity Officer and Head of Corporate Social Responsibility at TIAA. “With extra than a century of innovation and affect, we recognize that our function is just not done — in truth, we believe that in setting and resetting the bar. We know this is very important to our global organization’s journey ahead to be the improve in retirement readiness for all.”

Highlights from the report incorporate:

Environmental Stewardship:

  • Dedicated to internet zero carbon by 2040 for both of those the Nuveen genuine estate global portfolio and TIAA functions
  • Fully commited to net zero carbon by 2050 for the TIAA Basic Account
  • Planted additional than 13,000 trees in reforestation initiatives

Inclusion, Variety, and Equity:

  • Released Prosper, a Expand (Get Really Fantastic at Do the job) program to help the career enhancement of underrepresented demographic groups at TIAA
  • Released the TIAA Men and women Fairness Index, or TPEX, our revolutionary, internally formulated leadership coaching software
  • Reached a 90% rating via our Incapacity Equality Index
  • Acknowledged by The Human Legal rights Campaign Foundation 100% rating for support of LGBT personnel
  • Named a major firm for government females, multicultural females, and dads by Seramount
  • Ranked no. 9 in DiversityInc’s Leading 50 Providers for Range
  • Expanded the Be the Alter System

Company Social Accountability:

  • Furnished 2.1 million foods to college little ones
  • Donated 10,000 guides to assist construct various libraries
  • Funded $50,000 toward TIAA higher education scholarships with the First Responders Kid’s Basis
  • Raised $72,000 for private protecting equipment to be distributed to wellness clinics in medically underserved communities

Governance

  • Underrepresented racial and ethnic groups signify 71% of the govt administration staff
  • Girls symbolize 41% of TIAA and CREF trustees and overseers
  • Increased sustainability reporting with alignment and disclosure from the Sustainability Accounting Benchmarks Board (SASB)
  • Noticed 400-per cent raise in Sustainability Motion Team participation, with 41 workplaces represented

To study the comprehensive report, simply click listed here.

About TIAA

TIAA is a primary supplier of protected retirements and result-centered financial commitment methods to tens of millions of people and 1000’s of establishments.  It is the #1 not-for-financial gain retirement market service provider1, paid extra than $3.6 billion to retired customers in 2020 and has practically $1.4 trillion in property less than administration (as of 12/31/2021)2.

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  • As of Dec. 31, 2020. Primarily based on facts in PLANSPONSOR’s 403(b) Marketplace Study, which printed in August 2021.
  • As of December 31, 2021 belongings beneath management across Nuveen Investments affiliate marketers and TIAA financial investment management groups are $1,375 trillion.
  • ©2022 Lecturers Insurance policies and Annuity Affiliation of The united states-School Retirement Equities Fund, 730 Third Avenue, New York, NY 10017

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