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Fixed income impact investing

Renewable energy and climate change

Solar panels

Renewable energy and climate change

Impact objectives
• Increase share of renewable energy in the global energy mix

• Increase energy efficiency

• Improve availability of sustainable transportation

• Reduce greenhouse gas emissions
Project type
• New, expanding, or existing renewable energy projects (including hydroelectric, solar and wind)

• Smart grid and other projects designed to make power generation and transmission systems more efficient

• Energy efficiency projects resulting in the reduction of greenhouse gas emissions

Amount invested: $1.6 Billion

SDG alignment

Impact report
IMPACT METRIC1 IMPACT FOR 2019 EQUIVALENT TO
CO2-equivalent emissions avoided 147.8 million metric tons 32 million cars off the road for one year2
Air pollutants reduced 10,521 metric tons  
Daily riders on new public transit 980,359  
Energy saved 30.4 million megawatt-hours (MWh) 3.6 million homes off the grid for one year2
Renewable energy capacity 46,964 MW 15,654 large wind turbines3
Renewable energy production 506.9 million MWh annualized 41.4 million homes powered for one year2


Examples


Star Energy Geothermal (Wayang Windu) Limited
Pattern Energy Group, Inc. (PEGI)

Impact report 
Nuveen is helping to reduce carbon emissions as we continue to invest in a world we're proud to leave behind

Core impact bond strategy

Contact us
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Dimitrios N. Stathopoulos
Head of Americas Institutional Advisory Services
1 Reporting methodology The Nuveen Responsible Investing team developed this report to provide an indication of the aggregate social and environmental impact created by the projects and organizations financed in part by the Strategy. Given the difficulty of attributing impact in proportion to the size of the Strategy's share of each bond issuance (which ranges from 0.015% to 100%), the data reflect total impact generated by the project, program, or issuer rather than the Strategy's share alone.The report represents bonds that are classified under the Strategy's proprietary impact framework and for which relevant data are available. All impact data are sourced from publicly available issuer disclosures at the bond or project level when possible, or the program or issuer level if not. Metrics selected for each impact theme reflect the information most commonly reported by issuers, and each metric includes data from between 2 and 46 issuers. In cases where the Strategy has a large position in a certain issuer, we prioritize selecting metrics reported by that issuer. 
2 https://www.epa.gov/energy/greenhouse-gas-equivalencies-calculator
3 Assuming an average utility-scale wind turbine with a 3 megawatt generation capacity.
https://www.livestrong.com/article/350103-measurements-for-an-olympic-size-swimming-pool/

A word on risk
Because ESG criteria exclude some securities, investments in ESG-focused products may not be able to take advantage of the same opportunities or market trends as products that do not use such criteria. Investment products in general may be subject to market and other risk factors. 

The investment advisory services, strategies and expertise of TIAA Investments, a division of Nuveen, are provided by Teachers Advisors, LLC and TIAA-CREF Investment Management, LLC. Securities offered through Nuveen Securities, LLC.
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