Teachers Insurance And Annuity Association Sustainability Profile
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 75% 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 in the UK, 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 emissions at 13,320 kg CO2e and Scope 2 at 8,490 kg CO2e. Globally, TIAA's emissions for 2023 totalled approximately 70,286,000 kg CO2e, with Scope 1 emissions at 29,373,000 kg CO2e, Scope 2 at 28,791,000 kg CO2e, and Scope 3 emissions at 12,122,000 kg CO2e. In 2022, global emissions were slightly higher at about 72,353,000 kg CO2e, with Scope 1 at 40,237,000 kg CO2e, Scope 2 at 39,232,000 kg CO2e, and Scope 3 at 13,687,000 kg CO2e. 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 plans to achieve 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 goal of 100% renewable electricity by 2040. The emissions data for TIAA is cascaded from its parent organisation, Teachers Insurance and Annuity Association of America, which provides a comprehensive view of the organisation's climate impact and commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,832,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| 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 |
How Carbon Intensive is Teachers Insurance And Annuity Association's Industry?
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Teachers Insurance And Annuity Association's Scope 3 Categories Breakdown
Teachers Insurance And Annuity Association's Scope 3 emissions, which decreased by 11% last year and decreased by approximately 78% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 17% of total emissions under the GHG Protocol, with "Investments" representing nearly all of their reported Scope 3 footprint.
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Teachers Insurance And Annuity Association's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Teachers Insurance And Annuity Association has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
