Within TIAA's General Account, the investment portfolio supporting our guaranteed fixed-annuity products, we use the Social Impact Investment Portfolio to direct capital to quality investment opportunities that also create measurable social outcomes across three investment themes that benefit low- to moderate-income communities globally: affordable housing, inclusive growth and resource efficiency. Within affordable housing, a portion of AUM is committed to Green Buildings.
Our proprietary impact framework, for identifying and classifying publicly traded fixed income securities, seek competitive risk-adjusted returns alongside direct and measurable environmental or social outcomes. The framework targets investment opportunities along four broad themes, two of which are climate related: Renewable Energy and Climate Change, and Natural Resources.
We offer 13 strategies across equity and fixed income that explicitly include low carbon criteria relating to companies' current and future carbon emissions.
Within Real Assets, we have investments in renewable power generation (solar, wind, biogas) and sustainably managed timberland and farmland.
Within Nuveen’s global real estate portfolio, we have voluntary sustainability building certifications (e.g. LEED, BREEAM, Energy Star, BOMA 360, DGNB, NABERS, HQE).