
Organization
Nuveen received a Medium Risk rating because it shows a mixed record, with high risk in employee protection and advocacy bias but lower risk in philanthropic practices. The overall score reflects a tendency to sometimes prioritize politically driven initiatives over neutral, merit-based corporate governance, which the report suggests can create division among stakeholders.
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Nuveen, LLC is an American asset manager and wholly owned subsidiary of financial services organization TIAA, itself known for its legacy focus on managing retirement savings for not-for-profit institutions such as universities and their employees. As a consequence of integration efforts over the last several years, Nuveen now manage the entirety of TIAA's capital as well as all capital sourced from third parties. It is one of a limited number of non-sovereign money managers globally that have exceeded $1 trillion dollars in assets under management (AUM) in recent years, and one of only a few that are not part of a larger organization offering retail or institutional banking at scale.