MakeTIAA-CREFEthical Past Updates
Eighteenth "official" TIAA-CREF (TC) Coalition Update --mainly for TC participants with an interest in social responsibility by TC Dear TC campaigners (in both campaigns, Make TIAA-CREF Ethical-MTCE; and Social Choice for Social Change-SCSC): Where We Are Now. Over the summer, we held a number of smaller actions preceding TC's annual meeting in July. Since then we've done much reflection and planning, taking into consideration that TC has recently indicated some receptiveness to our ideas and taken some favorable actions. In particular, we have had constructive contact with TC's new Director of Social Investing (their first employee with actual social investment expertise--an SRI insider who would not have been hired without our continuing pressure). We continue dialogue and are currently negotiating a meeting between TC reps and our MTCE coalition reps. See the attached letter which makes our case and requests a meeting. At the same time, TC did not fulfill certain promises and has done nothing (to our knowledge) to influence the six companies targeted by our coalition (e.g. Wal-Mart and Nike). Hence while we have toned down our campaigning, we will carry on with lobbying and other actions (like demonstrations and seeking media attention) until we see more concrete results. We just restarted making media calls and leafleted at TC headquarters on November 3. There is less focus now on the specific SCSC effort within the broader coalition, as TC seems to be exploring those concerns with more vigor (principally community investing) for their socially responsible fund and otherwise. Where We Are going: A Plea For Your Participation. And now we call upon you again to raise your voices—which you (and we as a group) are now known for! Just one person devotes significant time to this project, and while a dozen national activist groups contribute their energy, they too have only limited time for the campaign. It is up to you if we are to have more successes.
We have all the information/resources/materials you will need—so please consider taking one or more of these actions. Only with many pitching in have we moved the giant TC in the past. TC has enormous financial influence—by working to change them, you can help promote that a union worker in Colombia won't be killed, that a kid won't be subjected to propaganda about cigarettes or soft-drinks, or that a worker in Indonesia can earn just a little more to support a family. I'll continue to work hard on this, as I have for twenty years, I promise. Neil Neil Wollman, Ph.D. * The US Campaign for Burma * Corporate Accountability International* World Bank Bonds Boycott * Press for Change * Social Choice for Social Change * Canadian Committee To Combat Crimes Against Humanity (CCCCH) * Citizens Coalition (Frente Civico)* Educating for Justice * National Community Reinvestment Coalition * National Congress for Community Economic Development* Campaign to stop Killer Coke/Corporate Campaign, Inc*Campaign for a Commercial-Free Childhood*
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