Responsible investment

The smart thing to do is also the right thing to do

PRINCIPLES OF RESPONSIBLE INVESTMENT

TIAA’s four core approaches to responsible investment

Responsible investment seeks competitive returns while promoting broad economic development, positive social outcomes and a healthier environment. TIAA is actively engaged across the four key pillars of responsible investment.
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ESG INTEGRATION
Considering environmental, social & governance (ESG) factors in investment research and decisions.
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ESG-FOCUSED FUNDS
Portfolios that explicitly include ESG criteria in the investment decision-making approach.
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ACTIVE OWNERSHIP
Investors using their influence to improve issuer’s ESG management, performance and disclosure.
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IMPACT INVESTING
Investments made with a goal of financial return and measurable social or environmental outcomes.
LEADERSHIP

Decades of experience and a firm commitment to responsible investment

Our customers benefit from our participation in global networks that lead, educate and advocate on behalf of their financial interests and society.
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Members of the U.S. SIF, the Forum for Sustainable and Responsible Investment
PRI. Principles for Responsible Investment
Signatory of the United Nations Principles for Responsible Investment
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Leaders in the Global Impact Investing Network’s Investor Council
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Founding member of the Investment Leaders Group
HOW WE INVEST

Responsible investing by the numbers

Companies considered for inclusion in our ESG portfolios are leaders among their peers on ESG performance. We are one of the largest managers in the U.S. of responsible investment across multiple asset classes.1

Financial commitments produce real-world results

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ENVIRONMENT
Social Choice strategies have invested over $1B in green bonds. Proceeds support environmentally beneficial activities.6
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EMISSIONS
Reduced greenhouse-gas emissions across our real estate portfolios by around 41,800 metric tons in 2015.
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AFFORDABLE HOUSING
Investments and commitments of over $296M in our Social Impact Investing portfolio.7
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SHAREHOLDER VOTES
Our votes help shape the ESG practices of more than 9,000 companies.8
Socially responsible Investments are subject to Social Criteria Risk, namely the risk that because social criteria excludes securities of certain issuers for non-financial reasons, investors may forgo some market opportunities available to those that don’t use these criteria.

The Investment Snapshots detailed above provide examples of how TIAA’s portfolio managers evaluate property and security investments. All information shown is historical, is provided for informational purposes only and should not be deemed as a recommendation to buy or sell the assets shown or related products. Certain products and services may not be available to all entities or persons. Past performance does not guarantee future results.
 
1TIAA Global Asset Management is a leading manager among ESG mutual fund, ETFs and variable insurance managers as of December 31, 2015 according to analysis of Morningstar Direct data from Fuse Research Network.


2 Based on assets under management as of September 30, 2015


3 Based on assets under management as of December 31, 2015


4 Based on assets under management as of December 31, 2015


5 Based on assets under management as of December 31, 2015


6 As of December 31, 2015


7 As of December 31, 2015


8 As of December 31, 2015
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