Part 1: TIAA’s “sustainability reports” can’t paper over the impacts of land grabbing
With a client base surpassing 5 million people, TIAA is one of the largest retirement funds in the world. What most of us don’t realize is that TIAA is also the largest owner of farmland in the world – and it’s getting bigger.
As a TIAA client who grew up in farming, I am angry about this. TIAA knows that taking ownership of farms away from families and communities isn’t going to be popular. That’s why they prepare a “sustainability report” each year to try to soothe any concerns that might emerge among their clients who are unlikely to look too closely at the details.