The newly released 2013 Responsible Investment Report highlights TIAA-CREF’s responsible investment strategies throughout the asset classes in which it invests. The report also points out the company’s socially responsible investing portfolios.
"For nearly a century, TIAA-CREF has been driven by the guiding principle that long-term investing is the best way to create lifelong financial well-being for the people we serve,” said Roger W. Ferguson Jr., president and chief executive officer of TIAA-CREF in a press release. “We know that strong governance and responsible business practices can also provide financial benefits and add value to our investments.”
Noted for serving those in the academic and not-for-profit sections, TIAA-CREF is committed to responsible investing that is consistent with its not-for-profit legacy.
Among the notable achievements in the report are:
TIAA-CREF has more than $14 billion in assets throughout its Social Choice product suite. This makes it among one of the largest managers of responsibly invested assets, which include environmental, social and governance.
TIAA-CREF is involved in a number of issues ranging from executive compensation to the environment together with the companies in which it invests.
Its Social Investment Program portfolio is now at $664 million. Future investments are being channeled toward affordable housing, people in need of financial advice and services to low- and middle-income communities.
“We’ve seen a growing demand from our clients for investment strategies that can help them achieve their goals while also considering the environmental, social and governance implications,” Ferguson added.