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NEW YORK, April 22, 2022 /PRNewswire/ — As section of its Earth Working day celebrations, TIAA unveiled its Responsible Small business Report outlining how the company is earning a positive impact on modern society and the folks and establishments it serves.

(PRNewsfoto/TIAA)

TIAA’s Accountable Enterprise Report outlines how the firm is building a positive impact on society.

The report gives an overview of TIAA’s corporate social obligation and dependable investing insurance policies and applications throughout impact parts which includes environmental stewardship, governance, local community engagement, variety, fairness and inclusion and investing.

“At TIAA, our determination to Be The Alter is at the heart of who we are — as a trusted market leader, a workforce advocate and a community and environmental steward. Our dependable business practices shine all over the organization,” claimed Corie Pauling, Main Inclusion Variety & Fairness Officer and Head of Company Social Accountability at TIAA. “With more than a century of innovation and affect, we understand that our work is not completed — in reality, we imagine in location and resetting the bar. We know this is important to our world-wide organization’s journey ahead to be the improve in retirement readiness for all.”

Highlights from the report involve:

Environmental Stewardship:

  • Committed to net zero carbon by 2040 for equally the Nuveen genuine estate worldwide portfolio and TIAA operations
  • Fully commited to net zero carbon by 2050 for the TIAA Standard Account
  • Planted more than 13,000 trees in reforestation attempts

Inclusion, Diversity, and Fairness:

  • Introduced Thrive, a Mature (Get Truly Outstanding at Function) program to support the profession advancement of underrepresented demographic groups at TIAA
  • Launched the TIAA Folks Fairness Index, or TPEX, our innovative, internally designed leadership coaching software
  • Obtained a 90% ranking by using our Disability Equality Index
  • Acknowledged by The Human Rights Marketing campaign Foundation 100% rating for help of LGBT staff
  • Named a major firm for government gals, multicultural ladies, and dads by Seramount
  • Rated no. 9 in DiversityInc’s Leading 50 Firms for Variety
  • Expanded the Be the Adjust Platform

Company Social Obligation:

  • Offered 2.1 million meals to college young children
  • Donated 10,000 publications to help make assorted libraries
  • Funded $50,000 toward TIAA college or university scholarships with the To start with Responders Children’s Foundation
  • Raised $72,000 for particular protective equipment to be distributed to wellbeing clinics in medically underserved communities

Governance

  • Underrepresented racial and ethnic groups represent 71% of the government administration group
  • Women signify 41% of TIAA and CREF trustees and overseers
  • Increased sustainability reporting with alignment and disclosure from the Sustainability Accounting Benchmarks Board (SASB)
  • Saw 400-percent raise in Sustainability Motion Team participation, with 41 places of work represented

To go through the complete report, simply click in this article.

About TIAA

TIAA is a primary service provider of safe retirements and end result-centered financial investment options to hundreds of thousands of men and women and countless numbers of establishments.  It is the #1 not-for-income retirement industry service provider1, paid far more than $3.6 billion to retired purchasers in 2020 and has just about $1.4 trillion in belongings beneath administration (as of 12/31/2021)2.

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  • As of Dec. 31, 2020. Dependent on knowledge in PLANSPONSOR’s 403(b) Market place Survey, which published in August 2021.
  • As of December 31, 2021 assets under management across Nuveen Investments affiliates and TIAA financial commitment administration groups are $1,375 trillion.
  • ©2022 Academics Insurance plan and Annuity Association of America-Higher education Retirement Equities Fund, 730 3rd Avenue, New York, NY 10017

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