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Select an assessment year:

  • Overall approach
    4/16
    • Overarching commitment on deforestation
      4/14
      Deforestation commitment
      Understanding of the risks
      4/14
      "We are adopting a Zero Deforestation Policy (Policy) in Brazil for our farmland investments. The Policy underscores our commitment to ensuring that our investments in Brazil discourage the depletion of forested areas and native vegetation on land we own or intend to acquire. Under this Policy, Nuveen and Westchester will not acquire land on behalf of any of its accounts in Brazil that has been cleared from native vegetation after the dates below."
    • Company must have anti-corruption policy
      0/2
  • Commodity score
    12/64
    • Beef & Leather
      3/64
      • Commitment Strength
        3/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.4/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Palm oil
      3/64
      • Commitment Strength
        3/42
        • Commodity-specific financing policy
          0/9.6
          • Commitment details
            No
            0/8
            Commitment details
            No
            0/8
            Type of policy: No policy
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must be legally operated
          3.4/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
        • Companies must protect priority forests or globally important landscapes
          0/9.6
          • Commitment details
            No
            0/8
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Assurance mechanism to ensure compliance
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Soy
      20/64
      • Commitment Strength
        20/42
        • Commodity-specific financing policy
          8.9/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Deforestation-free
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
        • Companies must be legally operated
          3.4/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
        • Companies must protect priority forests or globally important landscapes
          4.9/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encouraged
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encouraged
            4/8
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
        • Assurance mechanism to ensure compliance
          2.9/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Verification method: Certification Scheme

            Certification scheme (if applicable): RTRS
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            "Third-party certifications we currently hold on our properties[...]Roundtable on Responsible Soy (RTRS)".
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
    • Timber, Pulp & Paper
      20/64
      • Commitment Strength
        20/42
        • Commodity-specific financing policy
          8.9/9.6
          • Commitment details
            Yes
            8/8
            Commitment details
            Yes
            8/8
            Type of policy: Zero net deforestation
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
        • Companies must be legally operated
          3.4/5.6
          • Commitment details
            Own operations - Require
            2/4
            Commitment details
            Own operations - Require
            2/4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all operations and financing
            All
            0.4/0.4
            Policy applies to all operations and financing
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
          • Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            Policy applies to all stages of the supply chain
            Producers; Processors
            0.2/0.4
            "TIAA-CREF has also developed a detailed set of management policies that specifically identify, assess, mitigate, and monitor the relevant risk factors for farmland investing. Key issues addressed include:...Requirements for tenants and operators to meet or exceed all laws and regulations regarding environmental and labor practices."
        • Companies must protect priority forests or globally important landscapes
          4.9/9.6
          • Commitment details
            Primary/Intact/Natural/HCV/HCS - Encouraged
            4/8
            Commitment details
            Primary/Intact/Natural/HCV/HCS - Encouraged
            4/8
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
        • Assurance mechanism to ensure compliance
          2.9/5.6
          • Commitment details
            Encourage
            2/4
            Commitment details
            Encourage
            2/4
            Certification scheme (if applicable): FSC

            Verification method: Certification Scheme
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all operations and financing
            No
            0/0.4
            Policy applies to all operations and financing
            No
            0/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all deals
            All
            0.4/0.4
            Policy applies to all deals
            All
            0.4/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all companies
            All
            0.4/0.4
            Policy applies to all companies
            All
            0.4/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
          • Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            Policy applies to all stages of the supply chain
            Producers
            0.1/0.4
            GreenWood, a financial recipient of TIAA state that "Among other things, we manage our timberlands to meet or exceed local environmental laws and regulations and seek certification under globally recognized, third-party timberland management standards, such as the Forest Stewardship Council (FSC®), Programme for the Endorsement of Forest Certification (PEFC®), Sustainable Forestry Initiative® Inc. (SFI), and others."
        • Companies must have a grievance mechanism
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Commitments must be timebound
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
      • Social Considerations
        0/22
        • Company must ensure Free, Prior and Informed Consent
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must respect labour rights
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Company must address gender equality issues
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
        • Companies must encourage the inclusion of small-scale farmers
          0/5.6
          • Commitment details
            No
            0/4
          • Policy applies to all operations and financing
            No
            0/0.4
          • Policy applies to all deals
            No
            0/0.4
          • Policy applies to all companies
            No
            0/0.4
          • Policy applies to all stages of the supply chain
            None
            0/0.4
  • Reporting & Implementation
    10/20
    • Policy is reviewed and updated
      3/5
      Policy review
      Commit to update policy - Timeline unclear
      3/5
      "Going forward, we will continue to update and enhance these KPIs based on industry trends."
    • Companies must disclose subsidiaries in commodity supply chains
      0/5
    • Monitoring and non-compliance process
      5/5
      Monitoring compliance
      Yes - Screening and monitoring process
      5/5
      "In 2015, we audited part of our portfolio and in 2018 we will audit the remainder of our portfolio. Beginning in 2019, we will begin to audit 25% of our portfolio each year."
    • Reporting on implementation of the policy
      3/5
      Reporting
      Yes - Less than Annually or ad hoc
      3/5
      In 2018, Greenwood - who are financed by TIAA - stated that 87.8% of their timberland was under certification.
  • Commitment strength
    12/42
    Avg. score
  • Social considerations
    0/22
    Avg. score

Profile

TIAA-CREF are a financial services company headquartered in the US that primarily serves private and institutional investors in the not-for-profit sector including education, health care, government and research. Their services cover pensions, investments and insurance. In 2017, their total assets under management amount to more than 950 billion USD. TIAA-CREF are among the top 15 bondholders for Forest 500 companies, with more than 2.5 billion USD worth of bonds across a broad range of forest risk sectors. They are also among the top 20 shareholders for Forest 500 companies, with more than 22 billion USD worth of shares.

HQ
HQ 
United States
Financial institution type
Financial institution type 
Asset management, Pension Fund

How we assess the Forest 500

Investors and lenders need to adopt and implement strong deforestation policies that ensure their investments are not funding the destruction of forests.

All assessments use policies published on financial institution websites, some links may have changed or been removed since the time of assessment.

Disclaimer

This assessment has been carried out following the methodology developed for the Forest 500 project, available here. Please see our disclaimer applicable to all information contained within this site and our terms and conditions for use of data presented on this site.

All assessments use policies published on company and financial institution websites, and while we endeavor to keep them updated some links may have changed or been removed since the time of assessment.

Please contact us with any concerns or feedback about this or other assessments included in the Forest 500.