Teachers Insurance and Annuity Association-College Retirement Equities Fund Sustainability Profile
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 30 is lower than 51% 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-College Retirement Equities Fund's reported carbon emissions
In 2023, Teachers Insurance and Annuity Association-College Retirement Equities Fund (TIAA-CREF) reported total carbon emissions of approximately 73,868,000 kg CO2e. This figure includes 4,258,000 kg CO2e from Scope 1 emissions, 29,373,000 kg CO2e from Scope 2 emissions, and 40,237,000 kg CO2e from Scope 3 emissions. Compared to 2022, where total emissions were about 72,353,000 kg CO2e, TIAA-CREF has shown a slight increase in emissions. The organisation has disclosed emissions data across all three scopes, demonstrating transparency in its climate impact. However, there are currently no documented reduction targets or initiatives, such as those aligned with the Science Based Targets initiative (SBTi), indicating a potential area for improvement in their climate commitments. TIAA-CREF's emissions data is not cascaded from a parent organisation, ensuring that the reported figures are solely reflective of its own operations. As the organisation continues to navigate its climate strategy, establishing clear reduction targets could enhance its commitment to sustainability and align with industry best practices.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,639,000 | 0,000,000 |
| Scope 2 | 28,791,000 | 00,000,000 |
| Scope 3 | 39,232,000 | 00,000,000 |
How Carbon Intensive is Teachers Insurance and Annuity Association-College Retirement Equities Fund's Industry?
How Carbon Intensive is Teachers Insurance and Annuity Association-College Retirement Equities Fund's Location?
Teachers Insurance and Annuity Association-College Retirement Equities Fund'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-College Retirement Equities Fund has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
