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 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-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 for Scope 2 and about 722,531,000 kg CO2e for Scope 3. Notably, there were no reported emissions for Scope 1. Comparatively, in 2022, TIAA's emissions included about 72,353,000 kg CO2e for Scope 1, 3,639,000 kg CO2e for Scope 2, and approximately 28,791,000 kg CO2e for Scope 3. The trend shows a substantial increase in Scope 2 emissions from 2022 to 2023, indicating a need for enhanced climate strategies. TIAA has not disclosed specific reduction targets or initiatives, nor have they committed to the Science Based Targets initiative (SBTi). This lack of formal reduction commitments suggests that while TIAA is aware of its carbon footprint, it may need to establish clearer climate action goals to align with industry standards and expectations. Overall, TIAA's emissions data highlights the importance of ongoing monitoring and the potential for future commitments to reduce their carbon impact.
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| 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 participating in any 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.
