TMCnet News
TIAA Releases Second Responsible Business ReportTIAA's efforts to maximize its positive impact on society and the people and institutions was highlighted today in the publication of its second Responsible Business Report. "Throughout our first 100 years, TIAA has made a positive impact in many ways - from volunteering in our local schools to pursuing responsible investing around the globe," said Roger W. Ferguson, Jr., president and CEO of TIAA. "As we enter our second century of operation, we remain guided by the values that have brought us this far and committed to improving the lives of our customers and stakeholders through responsible business practices." The latest report covers TIAA's corporate social responsibility and responsible investing policies and programs across four key impact areas: governance, diversity and inclusion, community, and sustainability. It also details progress of key milestones over the past year, including:
As the investment management division of TIAA, Nuveen is one of the largest managers of responsible investment assets in the industry, with two-thirds of its investments across asset categories managed according to the United Nations-backed Principles of Responible Investment. "Our number one goal is growing and protecting our clients' investments in a way that meets their long-term needs and expectations," said Vijay Advani, CEO of Nuveen. "Responsible investing plays an important role in how this is done. We believe the right investments can create positive outcomes for investors and the communities where we live. Responsible investing is a journey and not a destination." For more information about how TIAA is making an impact and to read a full copy of this year's responsible business report, please visit https://www.tiaa.org/public/pdf/tiaa-responsible-business-report.pdf. About TIAA TIAA (www.tiaa.org) is a unique financial partner. With an award-winning2 track record for consistent performance, TIAA is the leading provider of financial services in the academic, research, medical, cultural and government fields. TIAA has $1 trillion in assets under management (as of 9/30/2018)3 and offers a wide range of financial solutions, including investing, banking, advice and guidance, and retirement services. 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 of America (TIAA) and College Retirement Equities Fund (CREF), New York, NY. Each is solely responsible for its own financial condition and contractual obligations. This material is for informational or educational purposes only and does not constitute investment advice under ERISA. This material does not take into account any specific objectives or circumstances of any particular investor, or suggest any specific course of action. Investment decisions should be made based on the investor's own objectives and circumstances. Investment, insurance and annuity products are not FDIC insured, are not bank guaranteed, are not deposits, are not insured by any federal government agency, are not a condition to any banking service or activity, and may lose value. © 2018 Teachers Insurance and Annuity Association of America-College Retirement Equities Fund, 730 Third Avenue, New York, NY 10017 647204 1 AUM as of 6/30/18 2 The Lipper Large Fund Award is given to the group with the lowest average decile ranking of three years' Consistent Return for eligible funds over the three-year period ended 11/30/12 (36 fund companies), 11/30/13 (48), 11/30/14 (48), 11/30/15 (37), 11/30/16 (34) and 11/30/17 (34) with at least five equity, five bond, or three mixed-asset portfolios. Note this award pertains to mutual funds within the TIAA-CREF group of mutual funds; other funds distributed by Nuveen Securities were not included. From Thomson (News - Alert) Reuters Lipper Awards, © 2018 Thomson Reuters. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited. Past performance does not guarantee future results. Certain funds have fee waivers in effect. Without such waivers ratings could be lower. For current performance, rankings and prospectuses, please visit the Research and Performance section on TIAA.org. Securities offered through Nuveen, LLC, and TIAA-CREF Individual & Institutional Services, LLC, members FINRA and SIPC. 3 Based on $1 trillion of assets under management across Nuveen Investments affiliates and TIAA investment management teams as of 9/30/18. View source version on businesswire.com: https://www.businesswire.com/news/home/20181115005016/en/ |