Global Wealth Gap Indicators:
1. Only nine countries, representing four percent of the world’s population, have narrowed the wealth gap while for 80 percent of the world’s population the wealth gap has increased. The five hundred highest income earners earn more than the poorest 416 million people (Source: UN Human Development Report 2005).
July 2, 2012 update—TIAA-CREF’s Global Social and Community Investments Group was created in 2006, after a survey TIAA-CREF conducted of its clients indicated that the core values that guided their investment-decision-making turned out to be human rights, community investment, and environmental sustainability.
Since we posted the profile of TIAA-CREF’s Global Social and Community Investment Group in June 2010, Amy Muska O’Brien has assumed the role of managing director. Former Director Cherie Santos-Wuest is now Principal Investment Officer Principal Investment Officer for Real Estate for the Connecticut Retirement, Pension and Trust Funds.
The Global Social and Community Group’s Green Building Technology Investment Portfolio, operated in partnership with Good Energies Venture Capital, has been involved in several projects since its formation, including the Meldahl Hydroelectric project in Ohio as well as an investment in energy saving cooling systems. It has also entered into two joint ventures with Jonathan Rose Companies that were completed in late 2011. Both have been widely lauded as successes in retrofit and revitalization practices.—Evan Lozier. Evan is Capital Institute's Summer 2012 intern.