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 …
“Do you know where your hard-earning savings are going? Now I know about mine, and I’m not happy.” asks CT Mirror opinion author Suzanne Solensky. Read her viewpoint on the CT Mirror website.
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Our History with TIAA TIAA-Divest! has made good-faith efforts to engage with TIAA. Our initial strategy was to work with TIAA/Nuveen to develop a set of truly responsible investment practices. We were encouraged by TIAA’s initial response, but, as you can see below we have come to realize that direct pressure from TIAA participants is the only …
In late December of 2022, TIAA released the second of their annual reports on plans to address risks due to climate change. The first report, issued on December 24th 2021, was timed for maximum invisibility and was widely panned by educators, financial analysts, TIAA clients, think tanks and climate researchers for their lack of specifics and focus on very limited portions …
Read more “TIAA-Divest’s analysis of TIAA’s 2022 climate report “Ensuring our future””
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 …
New York, NY — Nearly 300 clients of the $1.2 trillion retirement giant TIAA filed a formal complaint today with the UN-sponsored Principles for Responsible Investment (PRI) initiative, alleging TIAA’s substantial investments in fossil fuels and deforestation violate TIAA’s climate pledges and commitment to the six Principles for Responsible Investment. TIAA participants, including the academics Bill McKibben, Michael Mann, Dipesh Chakrabaty, Ruth …
On May 12th, 2020 TIAA-Divest! delivered our demand letter to TIAA board members and executives. Signed by 75 allied groups, this letter lays out the basis for TIAA-Divest’s activism. Maureen O’Hara, Chair The Corporate Governance and Social Responsibility Committee of the Board of Trustees TIAA 730 Third Avenue New York, NY 10017 May 12, 2020 …