American Association Of University Professors Votes For Fossil Fuel Divestment

by NewsPosted on Comments are Disabled

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"

“Who’s behind the destruction of Brazil’s Cerrado?” Grist article highlights TIAA’s role in destruction of critical ecosystem.

by NewsPosted on Comments are Disabled

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 …

Read more "“Who’s behind the destruction of Brazil’s Cerrado?” Grist article highlights TIAA’s role in destruction of critical ecosystem."

Our History with TIAA & Our Demands

by UncategorizedPosted on Comments are Disabled

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 …

Read more "Our History with TIAA & Our Demands"

TIAA-Divest’s analysis of TIAA’s 2022 climate report “Ensuring our future”

by AnalysisPosted on Comments are Disabled

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”"

Trillion-dollar pension fund TIAA faces climate-washing complaint brought by hundreds of professors and scientists

by NewsPosted on Comments are Disabled

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 …

Read more "Trillion-dollar pension fund TIAA faces climate-washing complaint brought by hundreds of professors and scientists"