Ranked Among the World’s Most Ethical Companies

New York, March 13, 2023 – TIAA, a leading provider of secure retirements and outcome-focused investment solutions to millions of people and thousands of institutions, has been named one of 2023 World’s Most Ethical CompaniesOpens in a new window by Ethisphere, a global leader in defining and advancing the standards of ethical business practices, for the ninth consecutive year.

“For over a century, TIAA has continuously strived to be a company its clients, participants and associates can put their full trust in,” said Sean Woodroffe, Chief People Officer at TIAA. “Transparency, accountability, and integrity are at the heart of our values and will always be integral to who we are and what we do. It is such an honor to be recognized by Ethisphere’s World’s Most Ethical Companies for the ninth year in a row. We will continue to work hard to remain a company people can be proud of.”  

This year, Ethisphere listed 135 companies across 19 countries and 46 industries. TIAA is one of six companies within the financial services industry to be recognized. 

“Ethics matter. Organizations that commit to business integrity through robust programs and practices not only elevate standards and expectations for all, but also have better long-term performance,” said Ethisphere CEO, Erica Salmon Byrne. “We continue to be inspired by the World’s Most Ethical Companies honorees and their dedication to making real impact for their stakeholders and displaying exemplary values-based leadership. Congratulations to TIAA for earning a place in the World’s Most Ethical Companies community.”

Grounded in Ethisphere’s proprietary Ethics Quotient®, the World’s Most Ethical Companies assessment process includes more than 200 questions on culture, environmental and social practices, ethics and compliance activities, governance, diversity, and initiatives that support a strong value chain. The process serves as an operating framework to capture and codify the leading practices of organizations across industries and around the globe.

About Ethisphere

EthisphereOpens in a new window is the global leader in defining and advancing the standards of ethical business practices that fuel corporate character, marketplace trust, and business success. Ethisphere has deep expertise in measuring and defining core ethics standards using data-driven insights that help companies enhance corporate character. Ethisphere honors superior achievement through its World’s Most Ethical CompaniesOpens in a new window® recognition program, provides a community of industry experts with the Business Ethics Leadership Alliance (BELA), and showcases trends and best practices in ethics with Ethisphere Magazine. Ethisphere also helps to advance business performance through data-driven assessments, guidance, and benchmarking against its unparalleled data: the Culture Quotient dataset focused on ethical culture and featuring the responses of 2+ million employees around the world; and the Ethics Quotient dataset, featuring 200+ data points highlighting the ethics, compliance, social, and governance practices of the World’s Most Ethical Companies. For more information, visit

About TIAA

TIAA is a leading provider of retirements and outcome-focused investment solutions to millions of people and thousands of institutions. It is the #1 not-for-profit retirement market provider1, paid more than $5.6 billion in lifetime income to retired clients in 2022 and has $1.2 trillion in assets under management (as of 12/31/2022)2. Any guarantees under annuities issued by TIAA are subject to TIAA’s claims-paying ability.

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Jessica Scott
Media@TIAA.orgOpens Email

1 As of July 21, 2022. Based on data in PLANSPONSOR's 403(b) 2022 DC Recordkeeping Survey, combined 457 and 403(b) data.

2 As of December 31, 2022, assets under management across Nuveen Investments affiliates and TIAA investment management teams are $1,212 billion.

©2023 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017