New York, July 19, 2011
TIAA-CREF today announced the release of its 2011 Socially Responsible Investing Annual Report. The report describes the organization’s work to encourage portfolio companies to adopt practices that promote long-term shareholder value in three primary areas: environmental challenges; human rights and economic development and executive compensation and corporate accountability.
“TIAA-CREF is proud to be a recognized leader in the growing ranks of socially responsible investors,” said Roger W. Ferguson, Jr., President and Chief Executive Officer of TIAA-CREF. “During 2010, TIAA-CREF intensified its commitment to socially responsible investing, responding to growing demand from our individual and institutional clients to add long-term value to their investment portfolios while seeking the maximum possible impact across a wide range of environmental, social and corporate governance initiatives.”
In 2011 the CREF Social Choice Account celebrated its 20th anniversary and saw its assets under management top the $10 billion mark. This coincides with a growing voice for socially responsible practices that has seen industry-wide socially responsible investment (“SRI”) assets increase at a significantly faster rate than the broader industry pool of professionally managed assets.
Highlights from the 2011 Socially Responsible Investing Annual Report include:
Human rights and economic development
Executive compensation and corporate accountability
The full report is available on the TIAA-CREF website and can be accessed at the following the link: www.tiaa-cref.org/SRI2011 (PDF).
TIAA-CREF (www.tiaa-cref.org) is a national financial services organization with approximately $470 billion in assets under management (as of 6/30/11) and is the leading provider of retirement services in the academic, research, medical and cultural fields.
John McCool, Director, Corporate Public Relations
You should consider the investment objectives, risks, charges and expenses carefully before investing. Please call 877 518-9161 or log on to www.tiaa-cref.org for a prospectus that contains this and other information. Please read the prospectus carefully before investing.
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. Past performance is no guarantee of future results.
TIAA-CREF Individual & Institutional Services, LLC, Teachers Personal Investors Services, Inc., and Nuveen Securities, LLC, Members FINRA and SIPC, distribute securities products. Annuity contracts and certificates are issued by Teachers Insurance and Annuity Association (TIAA) and College Retirement Equities Fund (CREF), New York, NY.
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