Teachers Insurance and Annuity Association-College Retirement Equities Fund
Teachers Insurance and Annuity Association-College Retirement Equities Fund, commonly known as TIAA, is a leading financial services organisation headquartered in the United States. Founded in 1918, TIAA has established itself as a trusted provider of retirement and investment solutions, primarily serving those in the academic, research, medical, and cultural sectors. With a strong focus on retirement plans, annuities, and investment management, TIAA is renowned for its commitment to helping clients achieve financial security. The organisation's unique approach combines a not-for-profit model with a diverse range of products tailored to meet the needs of educators and non-profit employees. TIAA's market position is bolstered by its significant assets under management and a reputation for stability and reliability, making it a preferred choice for individuals seeking long-term financial growth.
DitchCarbon Score
How does Teachers Insurance and Annuity Association-College Retirement Equities Fund'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-College Retirement Equities Fund's score of 33 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Teachers Insurance and Annuity Association-College Retirement Equities Fund's reported carbon emissions
In 2023, Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA) reported significant carbon emissions, totalling approximately 732,775,000 kg CO2e in Scope 2 and about 722,531,000 kg CO2e in Scope 3, with no emissions recorded in Scope 1. This marked a notable increase in emissions compared to previous years, particularly in Scope 2, which saw a substantial rise from 3,639,000 kg CO2e in 2022. TIAA's emissions data from 2022 indicated approximately 723,530,000 kg CO2e in Scope 1, 3,639,000 kg CO2e in Scope 2, and about 28,791,000 kg CO2e in Scope 3. The trend over the years shows fluctuations, with 2021 emissions at approximately 73,868,000 kg CO2e in Scope 1, 4,258,000 kg CO2e in Scope 2, and about 29,373,000 kg CO2e in Scope 3. Despite the lack of specific reduction targets or initiatives disclosed, TIAA has been actively reporting its emissions across all three scopes, demonstrating a commitment to transparency in its climate impact. The organisation's Weighted Average Carbon Intensity (WACI) has shown a gradual improvement, with a value of 0.456 in 2023, indicating a focus on reducing emissions relative to revenue. Overall, while TIAA has not set formal reduction targets, its ongoing emissions reporting reflects an awareness of climate commitments and the importance of addressing carbon emissions in the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 101,449,000 | 00,000,000 | 00,000,000 | 00,000,000 | - |
| Scope 2 | 56,366,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 |
| Scope 3 | 40,251,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 |
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-College Retirement Equities Fund is not committed to any reduction initiatives 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.
