Tell TIAA: Divest from Land Grabs & Deforestation
TIAA (formerly TIAA-CREF) is one of the largest pension funds in the U.S. with a reputation for social responsibility. It is also the largest investor of farmland in the world, with almost 2 million acres of farmland on four continents worth as much as $10 billion. However, TIAA's farmland deals are contributing to land grabbing, deforestation, and human rights violations and are squeezing out family farmers and communities.
TIAA's farmland deals are also contributing to ecological destruction and water contamination because they promote and spread a plantation model of agriculture reliant on chemical inputs in one of the most biodiverse regions of the world - the Brazilian Cerrado.
TIAA has also put its clients' retirement savings at risk by getting involved in farmland speculation, and they violate their own responsible investment principles.
We have brought these issues to TIAA's attention on numerous occasions, and still TIAA refuses to take meaningful action. TIAA is engaged in illegal activities and must be held accountable and follow the law and respect human rights.
Demand that TIAA stop buying farmland and return land to local communities immediately.
Here's a summary of what our letter is asking TIAA to do:
- Stop all buying of farmland in Brazil, the United States, and and return lands already acquired in Brazil to impacted communities;
- Meet the demands of community leadership to repair the damage caused by TIAA's farmland deals to date, including immediately stopping deforestation and the use of chemical pesticides;
- Publicize TIAA's response to all of its clients.