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Impact investing
Making a global Impact
A core bond strategy with more than $4.3 billion of impact across 63 countries1, 2
United States: $1.9 billion in impact investments financing projects in 39 states2
2019 results from projects financed by the Strategy include the following1:
| United States | |
| Affordable housing | |
| Affordable mortgages guaranteed | 1.8 million |
| Housing built or supported, including units designated for low- to moderate-income residents (units) |
23,338 |
| Community & economic development | |
| Community facilities built (square feet) | 210,039 |
| Full-time jobs created | 34,176 |
| People who benefited from access to basic products and services | 1.5 million |
| People reached through community programs | 2.0 million |
| Renewable energy & climate change | |
| Co2-equivalent emissions avoided (metric tons) | 37.3 million |
| Energy saved (mwh) | 20,635 |
| Renewable energy capacity (mw) | 12,482 |
| Renewable energy generation (mwh annualized) | 60.2 million |
| Natural resources | |
| Leed-certified buildings (total) | 48 |
| Land conserved (hectares) | 35,702 |
| Waste diverted from landfills (metric tons) | 853,276 |
| People who benefited from clean water & wastewater projects | 25.9 million |
| Water delivered (billion gallons per day) | 7.8 |
| Water saved (billion gallons) | 5.3 |
| Water treated (billion gallons) | 59.1 |
| Wastewater treated (billion gallons per day) | 1.9 |
Americas: $281.1 million in impact investments financing projects in 15 countries2
2019 results from projects financed by the Strategy include the following1:
| Community & economic development | |
| PEOPLE BENEFITED FROM ACCESS TO BASIC PRODUCTS AND SERVICES | 1.6 million |
| PEOPLE REACHED THROUGH COMMUNITY PROGRAMS | 119,534 |
| Renewable energy & Climate Change | |
| CO2-EQUIVALENT EMISSIONS AVOIDED (METRIC TONS) | 18.5 million |
| AIR POLLUTANTS REDUCED (METRIC TONS) | 2,964 |
| ENERGY SAVED (MWH) | 646,821 |
| RENEWABLE ENERGY CAPACITY (MW) | 3,984 |
| RENEWABLE ENERGY GENERATION (MWH ANNUALIZED) | 211.3 million |
| NATURAL RESOURCES | |
| LAND CONSERVED (HECTARES) | 12,820 |
| LAND RESTORED OR SUSTAINABLY MANAGED (HECTARES) | 1.4 million |
| PEOPLE BENEFITED FROM CLEAN WATER & WASTEWATER PROJECTS | 3.3 million |
| WATER DELIVERED (MILLION GALLONS PER DAY) | 34.0 |
| WATER SAVED (MILLION GALLONS) | 362.0 |
| WASTEWATER TREATED (MILLION GALLONS PER DAY) | 26.2 |
| Waste diverted from landfills (metric tons) | 853,276 |
| People who benefited from clean water & wastewater projects | 25.9 million |
| Water delivered (billion gallons per day) | 7.8 |
| Water saved (billion gallons) | 5.3 |
| Water treated (billion gallons) | 59.1 |
| Wastewater treated (billion gallons per day) | 1.9 |
Europe: $142 million in impact investments financing projects in 20 countries2
2019 results from projects financed by the Strategy include the following1:
| Europe | |
| Affordable housing | |
| Housing built or supported, including units designated for low- to moderate-income residents (units) |
5,575 |
| RENEWABLE ENERGY & CLIMATE CHANGE | |
| CO2-EQUIVALENT EMISSIONS AVOIDED (METRIC TONS) | 9.2 million |
| ENERGY SAVED (MWH) | 10.3 million |
| RENEWABLE ENERGY CAPACITY (MW) | 8,412 |
| RENEWABLE ENERGY GENERATION (MWH ANNUALIZED) | 21.5 million |
| Natural resources | |
| LEED-CERTIFIED BUILDINGS | 1 |
| ADDITIONAL SUSTAINABLE WASTE MANAGEMENT CAPACITY (METRIC TONS) | 44,734 |
Asia and Oceania: $248.1 million in impact investments financing projects in 11 countries2
2019 results from projects financed by the Strategy include the following1:
| ASIA AND OCEANIA | |
| Affordable housing | |
| Housing built or supported, including units designated for low- to moderate-income residents (units) |
307,277 |
| Community & economic development | |
| FARMERS AND FISHERS TRAINED | 254,973 |
| PEOPLE WHO BENEFITED FROM ACCESS TO BASIC PRODUCTS AND SERVICES | 2.5 million |
| People reached through community programs | 275,924 |
| Renewable energy & climate change | |
| CO2-EQUIVALENT EMISSIONS AVOIDED (METRIC TONS) | 33.2 million |
| AIR POLLUTANTS REDUCED (METRIC TONS) | 7,557 |
| DAILY RIDERS ON NEW PUBLIC TRANSIT | 961,859 |
| ENERGY SAVED (MWH) | 17.2 million |
| RENEWABLE ENERGY CAPACITY (MW) | 7,014 |
| RENEWABLE ENERGY GENERATION (MWH ANNUALIZED) | 206.2 million |
| Natural resources | |
| Leed-certified buildings (total) | 1 |
| LAND RESTORED OR SUSTAINABLY MANAGED (HECTARES) | 106,941 |
| PEOPLE BENEFITED FROM CLEAN WATER & WASTEWATER PROJECTS | 4.2 million |
| Water saved (billion gallons) | 3.0 |
| Wastewater treated (billion gallons per day) | 1.9 |
Africa: $122.3 million in impact investments financing projects in 16 countries2
2019 results from projects financed by the Strategy include the following1:
| Africa | |
| RENEWABLE ENERGY & CLIMATE CHANGE | |
| CO2-EQUIVALENT EMISSIONS AVOIDED (METRIC TONS) | 8.3 million |
| DAILY RIDERS ON NEW PUBLIC TRANSIT | 18,500 |
| ENERGY SAVED (MWH) | 1.4 million |
| RENEWABLE ENERGY CAPACITY (MW) | 1,095 |
| RENEWABLE ENERGY GENERATION (MWH ANNUALIZED) | 1.7 million |
| NATURAL RESOURCES | |
| LAND RESTORED OR SUSTAINABLY MANAGED (HECTARES) | 33,035 |
| PEOPLE BENEFITED FROM CLEAN WATER & WASTEWATER PROJECTS | 3.4 million |
| WATER SAVED (BILLION GALLONS) | 88.2 |
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1 Reporting methodology 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. The data displayed by region reflects the total impact generated by the project, program, or issuer rather than the Strategy's share alone, rather than 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 report represents bonds that are classified under the Strategy's proprietary impact framework as impact investments 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 reported 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 Countries highlighted indicate where projects were financed. $913M is within multiple regions or exact locations are unknown; $813M in holdings that did not have impact metrics for 2019 due to: new issuances where impact reporting not yet available, holdings where issuer reported metrics outside of the metrics that are collected for this impact report, or issuer did not have impact data available for 2019.
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.
2 Countries highlighted indicate where projects were financed. $913M is within multiple regions or exact locations are unknown; $813M in holdings that did not have impact metrics for 2019 due to: new issuances where impact reporting not yet available, holdings where issuer reported metrics outside of the metrics that are collected for this impact report, or issuer did not have impact data available for 2019.
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.
