NEW YORK, July 17, 2012 – TIAA-CREF today announced the release of its 2012 Socially Responsible Investing Report. The report highlights many of TIAA-CREF’s socially responsible investment (SRI) strategies across the firm, within the various asset classes in which the company invests and in individual SRI portfolios.
"At TIAA-CREF, we are committed to our clients’ long-term financial success, and we have maintained this singular focus since we were founded in 1918," said Roger W. Ferguson, Jr., president and chief executive officer of TIAA-CREF. "Our company’s disciplined, long-term investment approach is consistent with one of sustainability’s central principles: meeting current needs without compromising the ability of future generations to meet their own needs."
Highlights from the 2012 Socially Responsible Investing Report include:
Shareholder Engagement: We seek to promote long-term investment value for all TIAA-CREF retirement plan clients and individual and institutional investors by exercising our shareholder rights at the public companies in which we invest.
Public Advocacy and Industry Collaboration: As a large institutional investor, we comment on pending regulation that we believe is important to our clients. We also collaborate with other investors and organizations to establish best practices around ESG issues.
Responsible Investing: We incorporate ESG considerations into a variety of asset classes, our community and impact investing programs, as well as the individual SRI portfolios that we offer.
The full report is available on the TIAA-CREF website and can be accessed at the following the link: www.tiaa-cref.org/sri2012.
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $481 billion in assets under management (as of 6/30/12) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
John McCool, Director, Corporate Public Relations
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You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877-518-9161, or go to www.tiaa-cref.org for a current prospectus that contains this and other information. Please read the prospectus carefully before investing.
1 Social Investment Forum, 2010 Report on Socially Responsible Investing Trends in the United States. Based on assets under management among mutual funds and variable annuities that screen across multiple environmental, social and governance criteria (versus those that apply only product-specific screens such as alcohol and tobacco; among all mutual funds and variable annuity accounts categorized as "socially and environmentally screened," CREF Social Choice was the fourth largest).
The TIAA-CREF Global Microfinance Investment Program is not funded through any investment product nor does it contribute to the performance of any investment product. The sole funding source for the investments in the GMIP are assets in the TIAA General Account. The TIAA General Account is an insurance company account and does not present an investment return, and is not available to investors.
Because its social screens exclude some investments, the CREF Social Choice variable annuity account may not be able to take advantage of the same opportunities or market trends as funds (or accounts) that do not use such criteria.
TIAA-CREF products may be subject to market and other risk factors. See the applicable product literature, or visit www.tiaa-cref.org for details.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products.
TIAA-CREF Asset Management provides investment advice and portfolio management services to the TIAA-CREF group of companies through the following entities: Teachers Advisors, Inc., TIAA-CREF Investment Management, LLC, and Teachers Insurance and Annuity Association® (TIAA®). Teachers Advisors, Inc., is a registered investment advisor and wholly owned subsidiary of Teachers Insurance and Annuity Association (TIAA).
© 2012 Teachers Insurance and Annuity Association-College Retirement Equities Fund, New York, NY 10017