Continued expansion of the company’s responsible investment practices drove strong achievements across its portfolio
NEW YORK, July 16, 2013 – TIAA-CREF announced today the release of its 2013 Responsible Investment Report. The report highlights many of the company’s responsible investment strategies across the various asset classes in which the company invests, as well as within its socially responsible investing portfolios.
"For nearly a century, TIAA-CREF has been driven by the guiding principle that long-term investing is the best way to create lifelong financial well-being for the people we serve,” said Roger W. Ferguson Jr., president and chief executive officer of TIAA-CREF. “We know that strong governance and responsible business practices can also provide financial benefits and add value to our investments. In addition, we’ve seen a growing demand from our clients for investment strategies that can help them achieve their goals while also considering the environmental, social and governance implications.”
TIAA-CREF has a long-standing commitment to responsible investing that is consistent with its not-for-profit heritage and mission to serve those in the academic and nonprofit sectors. The company continues to expand and enhance its responsible investment practices and has made progress over the last year in implementing and promoting responsible investing, while seeking long-term returns for clients.
Achievements highlighted in the 2013 Responsible Investment Report include:
In addition to these accomplishments, the report also highlights TIAA-CREF’s collaboration and thought leadership activities within the industry including:
The full report is available on the TIAA-CREF website and can be accessed at www.tiaa-cref.org/ri2013.
TIAA-CREF ( www.tiaa-cref.org) is a national financial services organization with $523 billion in assets under management (as of 06/30/13) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
1 As of March 31, 2013
2 2012 Report on Sustainable and Responsible Investing Trends in the United States, US SIF Foundation, The Forum for Sustainable and Responsible Investment, appendix 2
3 As of March 31, 2013
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.
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 and Teachers Personal Investors Services, Inc., members FINRA, 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).