In December 2023, TIAA published “Rising to the Challenge,” its latest annual climate report. First, the good news. The company is clearly responding to our pressure to reduce its $78 billion in fossil fuels and its land-grabbing agribusiness. For the first time, TIAA claims that “our focus is squarely on leading our operations and steering our …
Read more “Unanswered Questions: TIAA’s 2023 Climate Report”
TIAA, the retirement fund giant, invests at least $78 billion in fossil fuels and is the 5th biggest coal bond holder in the world. TIAA’s clients are hundreds of thousands of teachers, professors, health and nonprofit workers, including climate scientists. The money TIAA invests is those workers’ life savings and for many it is their only investment option. Join …
Pressuring TIAA from the inside is OUT! Dumping TIAA is IN! TIAA-Divest! arose from a 2020 community fight to stop a massive TIAA-financed, fracked-gas-burning power plant in a small rural community. When we formed the campaign we believed that we’d be able to persuade TIAA to divest from fossil fuels and deforestation, due to TIAA’s reputation as …
PRI accountability mechanism fails, enables greenwashing by trillion dollar pension fund December 12, 2022 New York – The Board of the UN-supported Principles for Responsible Investment (PRI) confirmed its decision to dismiss a complaint filed against the $1.2 trillion pension fund Teachers Insurance & Annuity Association (TIAA) by nearly 800 TIAA clients—faculty from a wide range of …
TIAA boasts that its real estate and farmland investments, managed by Nuveen, are on the path to Net Zero. This sounds like good news. Nuveen “is one of the largest investment managers in the world with $147 billion of assets under management.” The company also boasts of its transparency, welcoming “engagement and dialogue with all …
Watch our 2024 webinar titled TIAA Climate Report Exposed: How your retirement savings are financing the climate crisis. We talk about how TIAA has funneled our savings into coal, oil and gas and turned vast tracts of forest and savanna into agro-industrial wastelands. You’ll have the opportunity to become better informed about how your money …
July 3, 2024: AAUP approves proposal urging Penn faculty pension provider to divest from fossil fuels May 1, 2024: Teachers Protest Retirement Fund’s Fossil Fuel Investments and it’s Big Ten Basketball Tournament Sponsorships March 2024: Writers call TIAA out for sportswashing as it sponsors Big Ten basketball tournament. Penn State’s Daily Collegian: Big Ten Tournament Sponsor Veils Unethical …
Read more “TIAA-Divest In The News: Press Articles 2024 and Older”
June 17, 2024: THE AMERICAN ASSOCIATION OF UNIVERSITY PROFESSORS VOTES FOR FOSSIL FUEL DIVESTMENT (Washington, DC) Delegates at the June 15 meeting of the influential American Association of University Professors (AAUP) overwhelmingly voted to approve a sweeping proposal demanding that TIAA, Vanguard, Fidelity, and state pension boards divest fossil fuels from their funds. This vote throws …
June 17, 2024: THE AMERICAN ASSOCIATION OF UNIVERSITY PROFESSORS VOTES FOR FOSSIL FUEL DIVESTMENT (Washington, DC) Delegates at the June 15 meeting of the influential American Association of University Professors (AAUP) overwhelmingly voted to approve a sweeping proposal demanding that TIAA, Vanguard, Fidelity, and state pension boards divest fossil fuels from their funds. This vote throws …
Read more “American Association Of University Professors Votes For Fossil Fuel Divestment”
On Feb 28, Grist published an article by Sarah Sax and Mauricio Angelo called “Who’s Behind the Destruction of Brazil’s Cerrado?” The authors trace the sudden global land rush that drew investors to gobble up farmland after 2007, leading to massive deforestation and monocropping. The Cerrado, historically, has been rich in trees and shrubs with thick roots …