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TIAA and Nuveen eye green real asset uptake as institutions adopt green pledges

To meet their green pledges, more institutions are turning to farmland, timberland and renewables says Nuveen's Head of Nordics Christoffer Hedberg. The manager's parent company TIAA is also adjusting its own portfolio to meet its interim target for 2025. TIAA CIO Nicholas Liolis reveals the essentials.

Nuveen's head of Nordics Christoffer Hedberg and chief investment officer at Nuveen's parent company TIAA. | Photo: PR / Nuveen

Finnish pension company Varma aims to have a carbon neutral portfolio by 2035, Nordea Life and Pension requires external managers to commit to climate neutrality by 2024 or get the boot, and the fast-growing list of asset owners with bold climate targets goes on and on.

This development is forcing investors to take a hard look at their portfolios.  

While many institutions have picked some of the low-hanging fruit by excluding carbon intensive sectors, meeting green objectives will undoubtedly require a holistic portfolio revamp. 

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