Teachers Insurance and Annuity Association-College Retirement Equities Fund Sustainability Profile

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. Comparatively, in 2022, TIAA-CREF's total emissions were about 72,353,000 kg CO2e, with Scope 1 emissions at 3,639,000 kg CO2e, Scope 2 emissions at 28,791,000 kg CO2e, and Scope 3 emissions at 39,232,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. Despite the lack of specific reduction targets or initiatives disclosed, TIAA-CREF has committed to transparency in its emissions reporting, as evidenced by its comprehensive disclosures across all three scopes of emissions. The organisation has not inherited emissions data from any parent company, ensuring that its reported figures are solely reflective of its own operations. TIAA-CREF's commitment to addressing climate change is evident through its detailed emissions reporting, although specific reduction strategies or targets have not been outlined.