Teachers Insurance And Annuity Association
Teachers Insurance and Annuity Association (TIAA), headquartered in the United States, is a leading financial services organisation dedicated to serving the educational and non-profit sectors. Founded in 1918, TIAA has established itself as a trusted provider of retirement and investment solutions, focusing on the unique needs of educators and their institutions. With a strong presence across the US, TIAA offers a range of core products, including retirement plans, annuities, and investment management services. What sets TIAA apart is its commitment to delivering secure, long-term financial growth tailored specifically for those in the academic and non-profit fields. Over the years, TIAA has achieved significant milestones, solidifying its market position as a pioneer in socially responsible investing and financial education.
DitchCarbon Score
How does Teachers Insurance And Annuity Association's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Insurance Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Teachers Insurance And Annuity Association's score of 60 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Teachers Insurance And Annuity Association's reported carbon emissions
In 2024, Teachers Insurance and Annuity Association (TIAA) reported total emissions of approximately 13,820 kg CO2e, comprising 6,820 kg CO2e from Scope 1 and 7,000 kg CO2e from Scope 2. This marks a significant reduction from 2023, where emissions were about 21,810 kg CO2e, with Scope 1 at 13,320 kg CO2e and Scope 2 at 8,490 kg CO2e. Globally, TIAA's emissions for 2023 totalled approximately 72,353,000 kg CO2e, with Scope 1 emissions at 3,639,000 kg CO2e, Scope 2 at 28,791,000 kg CO2e, and Scope 3 at 39,232,000 kg CO2e. This data is cascaded from the parent organization, Teachers Insurance and Annuity Association of America. TIAA has set ambitious climate commitments, aiming for net-zero operational emissions by 2040 for both Scope 1 and Scope 2 emissions. Additionally, the organisation targets net-zero emissions across all scopes by 2050. In the near term, TIAA aims for a 30% reduction in the intensity of landlord-controlled energy use by 2025 and a 46% absolute reduction in gross emissions (compared to 2019 levels) by 2030, with a long-term goal of achieving an 89% reduction by 2040, alongside a commitment to 100% renewable electricity. These initiatives reflect TIAA's commitment to addressing climate change and reducing its carbon footprint, aligning with industry standards and expectations for corporate sustainability.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,832,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 40,251,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 56,366,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Teachers Insurance And Annuity Association is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
