As community leaders, environmental and land defenders, and civil society activists from around the world, we write to you today about your continued failure to recognize and respect the rights of Indigenous Peoples, Afro-descendant peoples, women, and local communities through your investments.
TIAA’s “Responsible Investment in Farmland” report series highlights the fact that in 2011 TIAA was one of a group of businesses that developed the Principles of Responsible Investment (PRI) Farmland Guidelines, which are supposed to guide ins tu onal investors who wish to invest in farmland in a responsible manner.
BlackRock, the world's largest asset manager, has no clear policy on forests, land, and human rights of Indigenous Peoples and local communities
Within the field of sustainable development, there is no concern more fundamental than the governance and management of land and natural re- sources. Yet institutional investors with significant holdings in emerging markets securities often fail to account for the material risks and benefits of properly incorporating land tenure and customary land rights into due diligence practices.
Current ranking among US equity investors with stocks in palm oil production, by dollar amount invested.
TIAA-CREF Global Agriculture, one of the largest corporations on the international land market, is buying huge tracts of land in Brazil’s Cerrado region. TIAA-CREF’s land acquisition is part of a trend leading to expropriation of land from indigenous people, Afro-Brazilian quilombolas, and other peasant farmers, and driving the destruction of the fragile Cerrado ecosystem.