Responsible investment

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


How TIAA invests responsibly

TIAA’s responsible investment capabilities are designed to seek 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.
Considering environmental, social & governance (ESG) factors in investment research and decisions.
Portfolios that explicitly include ESG criteria in the investment decision-making approach.
Investors using their influence to improve issuer’s ESG management, performance and disclosure.
Investments made with a goal of financial return and measurable social or environmental outcomes.

Impactful investing

“Our Proactive Social Investments (PSI) have a direct and measurable social and/or environmental benefit. These investments, such as in solar power plants, wind farms, vaccinations and clean water deals, allow us to align our investor’s principles with their investment holdings.”
Steve Liberatore, CFA | Managing Director and Fixed Income Portfolio Manager
TIAA employee since 2004
Investment snapshot

Responsible investing by the numbers

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

Financial commitments produce real-world results

Social Choice strategies have invested over $1B in green bonds. Proceeds support environmentally beneficial activities.2
Reduced greenhouse-gas emissions across our real estate portfolios equivalent to removing 96,000 cars from the road.4
Investments and commitments of over $300M in our Social Impact Investing portfolio.5
Our leadership position

Decades of experience and a firm commitment to responsible investment

Our customers benefit from knowing that our participation in global networks that lead, educate and advocate on behalf of their financial interests and society.
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
Leaders in the Global Impact Investing Network’s Investor Council
Founding member of the Investment Leaders Group
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 June 30, 2016

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

4 As of June 30, 2016.

5 As of December 31, 2015.