2022-2023 Real Estate ESG Report

Our tomorrow’s world approach, a philosophy that sits at the core of our investment process and business operations, informs our long-term view of real estate investments for the enduring benefit of both clients and society.

Our 2022-2023 environmental, social and governance report provides transparency into our approach to sustainability, our progress to date and our plans for the future.

2022-2023 highlights:

• Our target date to reduce energy intensity by 30% remains at 2025, brought forward from 2030
• We remain on track to achieve net zero carbon target by 2040
• 90% of properties in our housing impact portfolio have implemented green improvements
• 78% of AUM across all sectors have completed Tenant Satisfaction Surveys

Our view on housing affordability and impact

We recognise that a shortage of affordable housing options is an issue in the communities where we invest around the world and this is directly tied to rising economic inequality which is a constraint on economic growth. Vulnerable populations worldwide have suffered disproportionate health and economic setbacks from the pandemic.

This report looks at the extent of this inequality and how we invest to preserve affordability in housing across the globe, supporting diverse rental housing opportunities across all income levels and creating thriving communities that support strong real estate value creation across all sectors.

Inclusion, diversity & equity (ID&E)

Inclusion, diversity and equity are integral to who we are as a company. We seek to treat everyone we interact with through our real estate investment activities with respect and dignity. Our team of associates provides a strategic advantage by bringing together unique skills, backgrounds and perspectives that allow us to navigate and thrive in complex environments.

For a further breakdown of our ESG initiatives and the impact they are having across our real estate portfolio, download our full Nuveen Real Estate Annual ESG Report 2022-2023.