Increased commitment to responsible investment approaches continues to drive long-term value creation
NEW YORK, July 15, 2014 – TIAA-CREF announced today the release of its 2014 Responsible Investment Report. The report highlights the responsible investment strategies and approaches developed across the firm, including its expanded focus on fixed income investments. TIAA-CREF has more than $15.7 billion in assets under management in its Social Choice strategies, (as of 3/31/14), making it one of the largest managers of ESG-focused options in the United States.
"As one of the world’s leading institutional investors, TIAA-CREF is committed to improving the financial wellbeing of our investors while also promoting the well-being of the world in which we live," said Roger W. Ferguson Jr., president and chief executive officer of TIAA-CREF. "By emphasizing long-term value creation, we seek to deliver economic, social and environmental sustainability alongside robust, long-term investment returns."
TIAA-CREF has been dedicated to responsible investment principles for over four decades, developing investment strategies and approaches that consider environmental, social, and governance (ESG) factors, across asset classes. The firm continues to expand and evolve its program, which is grounded in its commitment to the financial wellbeing of the remarkable individuals and institutions it serves.
Achievements highlighted in the 2014 Responsible Investment Report include:
The report also highlights TIAA-CREF’s new and ongoing partnerships with leading international investors to promote responsible investing. Examples include:
The full report is available on the TIAA-CREF website and can be accessed at www.tiaa-cref.org/ri2014.
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with $613 billion in assets under management (as of 6/30/2014) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
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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.
Because its social screens exclude some investments, the Social Choice suite of investment products 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).