Corporate social responsibility
Corporate social responsibility and responsible investing at TIAA are built on four core pillars that demonstrate the power of our actions to improve the lives of our stakeholders. More details can be found in the Responsible Business Report .
Driven by our nonprofit heritage, we are committed to having a positive impact on society and those who make a difference in the lives of others.
On almost any given day, TIAA employees can be found across the country serving to improve education, eliminate hunger, protect the environment, and build our communities.
As a financial services company, we support efforts to equip students with tools to make smart financial choices throughout their life.
Recognizing the impact food security has on living a quality life, TIAA employees have provided hundreds of thousands of meals for those in need.
TIAA believes in preserving the environment and developing permanent green spaces in the communities where we live and work.
TIAA supports organizations that help provide affordable housing and economic development of local communities.
Diversity & inclusion
The power of our diverse team of professionals to help meet the needs of a wide range of people.
Diversity and inclusion are integral to who we are as a company. For us, it’s not just a nice to have. It’s a must.
A diverse workforce helps us better understand and address the needs of our customers.
By building a diverse culture, we’re able to provide our clients with distinct perspectives to help them achieve their goals.
Our supplier diversity program builds relationships with minority and women-owned suppliers to provide the highest quality of service, while encouraging competition among diverse and diversity-conscious suppliers.
Committed to sustainability where we live and work.
Through TIAA’s Energy and Environmental Impact Performance Plan, we use performance metrics to hold ourselves accountable for meeting and exceeding environmental industry standards at our properties.
Charlotte, NC Properties1
Reduced electrical usage by 22% since 2007
30% of interior common area and 80% of exterior are LED
12 tons of waste recycled monthly / 144 tons annually
New York Properties2
Reduced electrical usage by 37% since 2007
43 tons of waste recycled monthly / 516 tons annually
Converted all ceiling lighting to LED, reduced lighting power by 28% since 2008
Installed daylight harvesting on all floors, estimated 25% energy reduction on sunny days
16 tons of waste recycled monthly / 195 tons annually
Leading by example and holding ourselves accountable.
We apply sound principles of board governance in managing our organization to ensure our accountability to the individuals and institutions we serve:
Putting participants at the center
TIAA is managed for the benefit of participants without profit to the corporation or its stockholders.
Promoting greater transparency
In 2007, we were one of the first U.S. companies to voluntarily adopt and implement an advisory vote on executive compensation.
A history of board diversity and inclusion
We appointed the first woman to our board in 1940 and the first African-American in 1957. Today, 40 percent of our board members are women4—more than twice the national average.5
Seeking competitive returns while making a positive impact
TIAA and Nuveen, the investment manager of TIAA, have a long history of investing by example. We believe that responsible investing principles can help provide enduring benefits for our clients and our communities. Our investment-led approach and scale enables us to apply RI principles to our work across asset classes:
We consider environmental, social and governance (ESG) factors in our investment research and decisions.
We use our influence with companies to help improve ESG management, performance and disclosure.
We work to drive positive environmental and social outcomes through our investing practices.
Responsible Business Report
Making an impact
For over a century, TIAA has been making a difference and we continue to keep that legacy alive today in everything we do. We demonstrate that we are created to serve and built to perform through our products and services and also in how we contribute to our communities and the world. From volunteer efforts in local schools to responsible investing around the globe, TIAA makes an impact every day in countless ways. At TIAA, corporate social responsibility (CSR) is about doing what’s right for our colleagues, our clients and our communities.
Please see below for more information on how TIAA is making an impact.
1,2,3 As of 12/31/2017
4 As of 9/30/2018
5 National average is in reference to the percentage of board seats held by women (17.7%) of the 2835 active R3000 companies. 2020 Women on Boards 2018 Gender Diversity Index Key Findings. https://www.2020wob.com/companies/2020-gender-diversity-index