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 81% 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), headquartered in the US, reported carbon emissions of approximately 6,820 kg CO2e for Scope 1 and about 7,000 kg CO2e for Scope 2. This data reflects a commitment to transparency in their climate impact, although no Scope 3 emissions data was disclosed for this year. For the previous year, 2023, TIAA's global emissions totalled about 72,353,000 kg CO2e, with Scope 1 emissions at approximately 3,639,000 kg CO2e, Scope 2 at about 28,791,000 kg CO2e, and Scope 3 emissions reaching around 39,232,000 kg CO2e. In the UK, emissions for 2023 were reported as approximately 13,320 kg CO2e for Scope 1 and about 8,490 kg CO2e for Scope 2. TIAA has set ambitious climate commitments, aiming for a 30% reduction in the intensity of landlord-controlled energy use by 2025, with a long-term goal of achieving net zero operational emissions by 2040 for both Scope 1 and Scope 2. Additionally, TIAA's General Account aims for net zero across all scopes by 2050. The organisation has also committed to a significant reduction target of 46% in absolute emissions by 2030, compared to 2019 levels, and an impressive 89% reduction by 2040, alongside a transition to 100% renewable electricity. It is important to note that TIAA's emissions data and climate commitments are cascaded from its parent organisation, Teachers Insurance and Annuity Association of America, ensuring alignment with broader corporate sustainability goals.
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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.
