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To: U.S. academicians -- put your pension $ where your green mouth is!

TIAA-CREF indeed let us choose fossil-free!

TIAA-CREF said yes! Sustainability-interested American academicians have a choice of whether or not to invest in fossil fuel and greenhouse gas intensive industries through this fund: https://www.tiaa.org/public/pdf/Social_Choice_Low_Carbon_Equity_Fund_Q_A.pdf

We have to ask for it, though, and shift our pensions there.... One more step, team GHG reductions! Please go shift your pension funds there, and encourage your colleagues/professors to do so...

Why is this important?

This is why it matters for you to ask for your personal pension to get moved within TIAA-CREF (or to put pressure on your profs to do so, if you're a student!)...

As of June 2020, we had a quarter billion $ in teacher pensions in TIAA-CREF's Low Carbon Social Choice fund, but it's a TRILLION $ fund, so more $ needs to be shifted here;
https://www.tiaa.org/public/pdf/Social_Choice_Low_Carbon_Equity_Fund_Q_A.pdf

We recognize that most industries rely somewhat on fossil fuels, but we also recognize that certain industries play particularly large roles in promoting climate change, the most critical global challenge to environmental, social, and financial sustainability, and this Low Carbon Social Choice fund allows us to put our $ where our mouths are.

How it will be delivered

Through this campaign and media about it and about this fund:
https://www.tiaa.org/public/pdf/Social_Choice_Low_Carbon_Equity_Fund_Q_A.pdf


Reasons for signing

  • I hold shares in TIAA-CREF Social Choice, and am disappointed that they're not moving forward on this issue. They've had years to respond...
  • We need to be off fossil fuels by 2025 to have any chance of avoiding the worst effects of climate change. Fossil fuels are increasingly becoming a poor investment.
  • I will soon be consolidating all my retirement funds in fossil free funds. I am very happy to have TIAA Cref funds, but will withdraw them if I do not have this choice. If TIAA Cref gives me this choice, I willprobably transfer over 100,000 out of other funds to TIAA CREF.

Updates

2020-06-28 23:40:33 -0400

We got TIAA-CREF to offer this to the U.S. faculty invested in their TRILLION $ fund -- now we just have to get faculty to do so!! (I've got 100% of my U.S. university pension in the Low Carbon Fund -- what about you (if you're a prof, too) and your professors (if you're a student activist :-).

2015-10-12 11:51:57 -0400

500 signatures reached

2014-04-13 17:09:54 -0400

100 signatures reached

2013-12-14 21:07:22 -0500

50 signatures reached

2013-11-18 21:50:20 -0500

25 signatures reached

2013-06-18 08:49:11 -0400

10 signatures reached