TIAA will continue to obtain sustainability certifications for 100% of productive acreage across our timberland portfolio.
For its farmland portfolios, TIAA adopted a zero deforestation policy in 2018, and is committed to managing farmland portfolios for zero deforestation.
Over the next 2 years, our goal is to increase the number of HBCU individuals participating in our Early Talent Programs by 50%.
In 2021, TIAA will publish an ESG report to share our responsible business practices in the areas including, but not limited to, governance, inclusion and diversity, community engagement, sustainability, and responsible investing.
In 2020, TIAA has begun utilizing tools to track and measure our carbon footprint at our Charlotte, NC campus and in 2021 will begin tracking in our occupied offices as well as developing carbon output targets to reduce our carbon footprint.
In 2020, TIAA began the process to achieve Fitwel certification at TIAA’s primary office sites. Aligned with completion of modernization projects at each location, TIAA aims to achieve Fitwel certification at our office sites in Denver, CO and New York City, NY in 2021 and at our office sites in Charlotte, NC in 2022.
In 2020, we began measuring success towards this goal through regular pulse surveys and internal metrics. By 2025, our goal, aligned to best-in-class industry benchmarks for engagement, is to improve our inclusion and engagement index scores by nine basis points; and our mobility rate by 50% to be in the 75th percentile of companies in Price Waterhouse Cooper’s Saratoga Benchmarking for Financial Services.
In 2021, TIAA will enhance and expand benefits and programs to support families and working parents meet needs arising out of the pandemic:
TIAA will commit to participating in independent third-party analysis and validation of our commitment to being an employer of choice.
This is measured in part by how TIAA ranks among peer companies by leading benchmarking initiatives such as DiversityInc and others. Each year, TIAA will conduct an opportunity analysis with internal stakeholders, based on employer of choice survey and benchmark results, to determine where we can strengthen our policies and programs to ensure we are adopting market competitive and best-in-class employer of choice programs. To benchmark and drive our focus on world class inclusion, diversity, equity and corporate social responsibility strategy, we will complete employer of choice surveys for the following top industry-recognized thought leaders:
Best Companies for Diversity by Black Enterprise (2007-2012; 2014-2018)
Using 2020 as a baseline, TIAA will set year-over-year diverse representation goals out to 2025 to ensure we are attracting and retaining an increasingly diverse workforce each year.
As of 10/15/2020:*
Racial/ethnic minorities represent:
1% of our employees identify as LGBTQ+
3% of our employees identify as veterans
2% of our employees identity they have a disability
*Percentages reflect the TIAA, Nuveen, and TIAA Bank global workforce
**Top senior leaders across company
Nine Business Resource Groups (BRGs) actively focus on year-round employee engagement and foster a culture that champions I&D while driving business impact. In 2021, our goal is to have 40% of our global workforce enrolled as a BRG member.
The Bank intends to maintain no less than $150 million in community-based investments through 2023.
Our target is to build or save 100 homes by 2023 through this initiative.
Recognizing it will take alignment of all our organizations to scale impact globally, we invite you to join the movement as a Steward of Inclusive Capitalism. Together, the collective action of Council members will contribute to a fairer, more inclusive and sustainable future for all people and our planet.