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Impact in action: Driving change in the real world

Nuveen’s alignment and contribution to the Sustainable Development Goals

The Sustainable Development Goals (SDGs), created by the United Nations in 2012, are a collection of 17 interlinked objectives which serve as a shared blueprint for peace and prosperity, for people and the planet. The goals recognize that ending poverty and other deprivations must go hand-in-hand with strategies that improve health and education, reduce inequality and spur economic growth – all while tackling climate change and working to preserve our oceans and forests.  All stakeholders, from government to civil society and the private sector are expected to contribute to the realization of the goals.

As an engaged participant in the UN SDG ecosystem, Nuveen is pleased to report that we have deployed over $21.2 billion1 in investment strategies that deliver measurable social and environmental benefits to people, communities and the planet. We pursue positive social and environmental impact alongside competitive financial returns across a broad range of asset classes and are a founding signatory and Advisory Board member of the Operating Principles for Impact Management (OPIM disclosure statement). We invite you to explore our investment case studies which either align or contribute to the SDGs.

No poverty
No poverty
No poverty
No Poverty
Protecting affordability in the U.S. housing market 
As part of its impact housing portfolio, Nuveen acquired Woodbridge Manor in Irvine, California - an affordable property for people aged 62+ and for those living with diverse abilities.  
Impact outcome
• 213 low-income residents housed
• Installation of PV solar panels creating renewable energy
• 80% of property management are women
• >70% of residents are women, 80% of property management staff are women
• 85% discount between resident-paid rent and market rent
Asset class
Real estate
Location(s)
California, USA
SDG alignment
No poverty   Reduced inequalities  Sustainable cities
Old Indian women traveling in train alone looks out a window
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Zero hunger
Zero hunger
Zero hunger
Zero Hunger
Investing in the global production of sustainably produced cocoa and wheat
Nuveen is an investor in the green bond issued by Mondelez International Holdings Netherlands B.V.
Impact outcome
• 110, 942 farmers trained
• 142, 298 acres (58,000 hectares) of land restored or sustainably managed
Asset class
Fixed income
Location(s)
South America, Africa, Asia and Europe
SDG contribution
Zero hunger  Clean water and sanitation  Sustainable cities 
A person's hand handing food to another person
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Good health and well-being
Good health and well-being
Good health and well-being
Good Health and Well-Being
Prioritising wellbeing via the acquisition of cube Berlin - a fully digitalised smart building
cube Berlin is a 17,500 sq m customised smart office on Washingtonplatz and a flagship for the area’s long-term regeneration. The building includes intelligent heating, cooling and lighting systems and uses artificial intelligence to recognise user requirements and flexibly meet their needs. 
Impact outcome
SmartScore ‘Platinum’ certification by the German Sustainable Building Council
Asset class
Real estate
Location(s)
Berlin, Germany
SDG alignment
Good health and well-being  Sustainable cities  Climate action 
Cube Berlin 
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Quality education
Quality education
Quality education
Quality Education
Supporting community and economic development in West Africa
Nuveen has invested in Benin's sustainability bond which supports community programs providing access to basic products and services to those in education. 
Impact outcome
• 2,168 students accommodated during the 2022-2023 academic year
• 9,676 candidate teachers recruited in 2022
• 389,346 new schoolchildren benefitted from the school canteen program, taking the total number to 1,050,000 by the end of 2022
• 665,054 meals served in the nine university canteens in 2022
Asset class
Fixed income
Location(s)
Benin, West Africa
SDG contribution
Zero hunger  No poverty Quality education 
Indian children smiling and sitting on a floor
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Gender equality
Gender equality
Gender equality
Gender Equality
Empowering female entrepreneurs in India
Nuveen’s Private Equity Impact team invested in Annapurna Finance, one of the largest microfinance institutions in India.
Impact outcome
With a loan portfolio of over $1 billion, Annapurna serves approximately 2.5 million low-income or underserved clients, 90% of which are women.
Asset class
Private equity
Location(s)
India
SDG alignment
No poverty Gender equality  Decent work and economic growth Reduced inequalities  Climate action
A woman from India walking towards the camera 
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Clean water and sanitation
Clean water and sanitation
Clean water and sanitation
Clean Water and Sanitation
Financing the provision of clean water in the U.S.
Nuveen has a holding in American Water Works Company (AWK) which supplies safe, affordable and reliable drinking water and wastewater services to over 14 million people. AWK has regulated operations in over 14 states and on 18 military bases. The company is a leader in sustainability. 
Impact outcome
• By 2035, AWK aim to meet customer needs while saving 15% in water delivered per customer, compared to a 2015 baseline
• By 2025, they target reducing absolute scope 1 and 2 GHG emissions by 40%
• By 2035, they target reducing absolute scope 1 and 2 GHG emissions by 50%
• By 2050, they aim to achieve net zero absolute scope 1 and 2 GHG emissions
Asset class
Equities
Location(s)
U.S.
SDG alignment
Clean water and sanitation  Climate action
A young girl washes her hands under a faucet outside
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Affordable and clean energy
Affordable and clean energy
Affordable and clean energy
Affordable and Clean Energy
Protecting the environment and preserving natural resources in the Middle East
Nuveen's Impact Fixed Income and Emerging Markets teams invested in the Noor solar photovoltaic array operated by Sweihan PV in UAE - a state-of-the-art facility which generates energy with a minimal carbon footprint and maximum cost effectiveness. 
Impact outcome
The facility currently produces approximately 1.2 GW of electricity annually - enough to power 90,000 homes.
Asset class
Fixed income
Location(s)
United Arab Emirates
SDG contribution
Affordable and clean energy  Climate action
Power plant smoke stacks 
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Decent work and economic growth
Decent work and economic growth
Decent work and economic growth
Decent Work and Economic Growth
Powering the sustainable communities of tomorrow in Finland 
Nuveen Infrastructure invested in Finland’s largest onshore wind farm, Piiparinmaki, a project which provides stable and contractual income to our investors. The project brings a critical source of clean energy to the country as it aims to achieve its bold target of carbon neutrality by 2035.  In conjunction with the asset, we have also partnered with BizGive, an impact platform that helps set up community benefit funds.
Impact outcome
• Piiparinmaki has 211MW of power capacity – enough to power 185,000 homes – and the project has created more than 2,700 jobs*
• From BizGive - a donation of €8000 to the Tupalankoski Recovery Project (near Piiparinmaki) to replace stones in the stream and help restore the river’s natural ecosystem to improve the environment for local trout species to breed and thrive
Asset class
Infrastructure
Location(s)
Finland
SDG alignment
Affordable and clean energy  Decent work and economic growth  Climate action 


*Job creation methodology based on analysis prepared by ERM for Nuveen. Direct Jobs: are created in the various life-cycle stages of the renewable energy projects. This includes design, manufacturing, delivery, construction/installation, project management and operation and maintenance of the different components of the technology. Indirect Jobs: are jobs created in the accompanying supply chains, also known as the “supplier effect”. For example, additional steel manufacturing for wind turbines will create indirect jobs. Induced Jobs: are created due to an increase in expenditure in the general economy as a result of increased spending by direct and indirect employees. E.g., non-industry jobs created such as teachers, grocery store clerks, and hospitality workers.
 
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Industry innovation and infrastructure
Industry innovation and infrastructure
Industry innovation and infrastructure
Industry, Innovation and Infrastructure
Championing economic equality for women in South East Asia 
Nuveen’s investment in four of the five series of the Women’s Livelihood Bond (the world’s first labelled orange bond) helps women access affordable credit, micro savings and insurance, agricultural inputs, as well as clean and affordable energy. Capital is provided up-front, allowing women to fund income-generating assets and skills to transition from subsistence to sustainable livelihoods. 
Impact outcome
At the end of 2022:
  • 37,550 women entrepreneurs provided with loans
  • 13,013 women provided access to clean energy/energy efficient solutions including solar rooftop panels and clean cooking stoves
  • 1,660 women smallholder farmers receiving agricultural loans
Asset class
Fixed income
Location(s)
Cambodia, India, Indonesia, Philippines, Kenya and Sri Lanka
SDG contribution
Gender equality  Decent work and economic growth  Industry innovation and infrastructure 
Josie Dequina talking to the camera wearing a pink polo shirt 
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Reduced inequalities
Reduced inequalities
Reduced inequalities
Reduced Inequalities
Fueling small business growth via fintech lending in India
Nuveen’s private equity impact team invested in Kinara Capital, a financial technology loan provider to the MSME segment.
Impact outcome
The company currently serves more than 9,000 customers across the country and has tailored programmes for women entrepreneurs, providing access to affordable and responsible financial services.
Asset class
Private equity
Location(s)
India
SDG alignment
No poverty Gender equality  Decent work and economic growth  Reduced inequalities  Climate action
An Indian woman stands next to machinery 
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Sustainable cities
Sustainable cities
Sustainable cities
Sustainable Cities and Communities
Helping to reduce carbon emissions and provide clean water to children in Vietnam
In February 2023, Nuveen participated in an innovative emission reduction-linked bond. The project aims to manufacture 300,000 water purifiers, distribute them to approximately 8,000 schools across Vietnam thereby making clean water available to around 2 million children. The project also aspires to reduce gas emissions by almost three million tonnes of carbon dioxide over five years. This, in turn, will generate carbon credits that cover the cost of the filters and their distribution. 
Impact outcome
• Projected to reduce gas emissions by almost three million tonnes of carbon dioxide over five years.
• Distribution of clean water to approximately 8,000 schools (reaching circa 2 million children)
Asset class
Fixed income
Location(s)
Vietnam
SDG contribution
Clean water and sanitation  Sustainable cities  Climate action 
A girl drinking clean water from a glass 
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Responsible consumption and production
Responsible consumption and production
Responsible consumption and production
Responsible Consumption and Production
Investing in a leading chain of thrift stores providing circular economy solutions
Through a network of more than 2,500 donation sites, America's Thrift Stores finds ways to reuse, recycle and repurpose goods while generating significant revenue for a number of local charity partners. The company has pioneered an innovative, data-driven approach to procuring and sorting items, enabling them to market and resell through multiple channels in high volumes. 
Impact outcome
Diverts close to 50 million pounds of textile and home goods waste from landfill every year.
Asset class
Private equity
Location(s)
U.S.
SDG contribution
No poverty Gender equality  Decent work and economic growth  Reduced inequalities  Responsible consumption and production
An Indian woman stands in front of solar panels
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Climate action
Climate action
Climate action
Climate Action
Sourcing locally created compost to replace synthetic fertilizers and reduce GHG emissions in Australia
Nuveen Natural Capital is investing to improve soil health and structure and to reduce greenhouse gas emissions on the macadamia orchards under its management. The biggest contributor has been the shift away from using synthetic fertilizers to compost across the entire 848 acres of orchard area. The compost is created by recycling orchard by-products - offcuts, trimmings and nut husks - and combining them with manure from a local cattle feedlot and other local waste organic material. 
Impact outcome
• Reduces emissions through lower synthetic fertilizer and transport fuel
• Removes atmospheric carbon through greater soil-based carbon capture and better tree growth
• Improves soil structure and fertility and promotes weed control
• Achieves an estimated GHG reduction and removal of 956 tCO2 annually
• Earned Carbon Friendly certificates of compliance under its sustainable agricultural certification
Asset class
Natural capital
Location(s)
Australia
SDG alignment
Climate action  Responsible consumption and production
Heavily forested mountain range 
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Life below water
Life below water
Life below water
Life Below Water
Preserving marine resources in the Seychelles 
Nuveen was honoured to be approached as a seed investor in the world's first sovereign blue bond - a pioneering financial instrument designed to support sustainable marine and fisheries projects and an initiative that combines both public and private investment. 
Impact outcome
Proceeds from the bond include:
  • Support for the expansion of marine protected areas
  • Improved governance of priority fisheries
  • Development of the Seychelles’ blue economy
Asset class
Fixed income
Location(s)
Seychelles
SDG contribution
Industry innovation and infrastructure  Life below water
Birds eye photo of a beach in the Seychelles 
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Life on land
Life on land
Life on land
Life On Land
Protecting the rhino species from extinction 
Nuveen is the lead investor in the Wildlife Conservation Bond issued by the World Bank. The Wildlife Conservation Bond, also known as the Rhino Bond, is the world's first financial instrument dedicated to protecting a species. This innovative transaction combines the potential for attractive total return with positive direct, measurable environmental and social impact. 
Impact outcome
• Expanding protected areas for rhino habitats
• Breeding program to grow animal populations in protected areas
• Funding essential security and geospatial monitoring programs, which bring jobs to local communities
Asset class
Fixed income
Location(s)
South Africa
SDG contribution
Life on land
Two rhinos in the wild 
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Peace justice and strong institutions
Peace justice and strong institutions
Peace justice and strong institutions
Peace, Justice and Strong Institutions
Championing underprivileged communities in Madrid 
Nuveen invested in a sustainability bond program set up by The Autonomous Community of Madrid which seeks to significantly reduce all forms of violence and related deaths. 
Impact outcome
At the end of 2022:
  • 19,992 victims of gender violence supported
  • 479,692 people reached through community programs
  • 1,893,108 people benefited from access to basic products and services
Asset class
Fixed income
Location(s)
Spain
SDG contribution
No poverty Decent work and economic growth  Peace justice and strong institutions 
A circle of hands holding
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Partner ships
Partner ships
Partner ships
Partnerships for the Goals
A signatory of the UN Principles for Responsible Investment (PRI) 
Our parent company, TIAA, was a founding signatory of the UN PRI in 2006, and Nuveen has continued that proud legacy signing as a PRI signatory in 2018.  By signing the internationally recognized PRI, we publicly demonstrate our commitment to responsible investing with a clear blueprint for incorporating ESG issues into our investment decision making and ownership.  With over USD$63 billion in responsible investing branded products*, we are pleased to commit and adopt the PRI Principles where consistent with our fiduciary duties.  We also encourage others to adopt the Principles where appropriate. 
Impact outcome
4 out of 5 stars average across PRI modules**
Asset class
Multi-asset
Location(s)
Global
SDG alignment
Partner ships
*as of 30 June 2023
**Principles for Responsible Investment (PRI), 2021 Assessment Report for Nuveen, December 2022, average star score across all modules; updated annually
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Contact us
Our offices
London skyline
London
201 Bishopsgate, London, United Kingdom

1 30 Jun 2023; 21.2 billion in impact strategies of which $18.5 billion is available to investors. Impact strategies may have a varying mix of impact, ESG leaders, and traditional securities.

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