A coalition of environmental, human rights and family farm organizations delivered a letter with over 100,000 signatures to pension fund management company TIAA, expressing concerns over the company’s investments in farmland and palm oil.
TIAA-CREF new report shows further expand of TIAA’s management presence in the global farmland market. Despite raised concerned of TIAA investment in regions such as Brazil contribute to land conflicts, lead to the displacement of local people. TIAA has been investing in farmland since 2007.
Friends of the Earth and As You Sow are circulating a letter to TIAA clients calling on the firm to disclose information about all of its investments in companies with farmland and palm oil operations, and to commit to a deforestation- and land grab-free investment policy.