Letter on TIAA Fossil Fuel Divestment and Stopping Land Grabs

September 28, 2021

To: Thasunda Brown Duckett, President and CEO, TIAA

Dear Ms. Duckett,

We are dismayed and angered by TIAA’s recent statement that it will address climate change by making its General Account “Net Zero” by 2050. It is alarming on four counts:

1. The target of 2050 is far, far too late for a climate crisis that is destroying our planet now.

TIAA writes that “climate risk is an investment risk that we must manage over time...to achieve the best possible investment outcomes for our clients.”