2024-2025 Real Estate Sustainability Report

At Nuveen Real Estate, we maintain a long-standing track record of success in sustainability. Our long-term goals are underpinned by short-term milestones to ensure credibility, and we develop our strategy based on the value it can deliver to our investors.

Our investment philosophy is also underpinned by global megatrends that sit at the core of our investment process, which enables us to serve our inherent purpose as an investment manager for TIAA and its clients. Read our latest annual sustainability report for more details on our goals, challenges and progress to date.

Key highlights:

• Net zero carbon target: Our progress on our net zero carbon commitment by 2040
• Energy efficiency: Achieved our target to reduce energy intensity by 30% by 2025 (brought forward from 2030)
• High energy performance: 216 buildings with high-energy performance demonstrated by ENERGY STAR, NABERS certification, or EPC ratings of A or B
• Social highlights: A look into our U.S. strategic engagement platform, EU social value framework and the sustainability summits we hold across Europe & APAC
• Case studies and property spotlights: A selection of our high energy performance assets across the globe
• Housing affordability: Over 30,000 affordable housing units supplied across 49 metropolitan statistical areas in the U.S.