Monthly Archives: February 2014

Cornerstone Journal of Sustainable Finance & Banking, February 2014

This month in the Cornerstone Journal of Sustainable Finance & Banking (JSFB), we consider the extent to which the global markets have been able to absorb the cross-currents of macro, micro and structural factors with a good deal of resilience. In addition, we pay very special attention to “natural capital” this month by highlighting the value of the world’s forests and ways in which the capital markets can facilitate their protection….

Rausch Chocolate

Unbeknownst to many consumers, the supply chain that facilitates the delivery of those delectable heart-shaped chocolates is facing significant challenges. Should these challenges go unresolved, the future of chocolate may not be so sweet. The large majority of cocao is grown on small family farms that often use unsophisticated, labor-intensive farming practices. Poor yields are demonstrative of poor or inexistent educational systems and inadequate knowledge of modern farming techniques.

Nestlé: Leading Company in Climate Change Mitigation & Adaptation

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. Climate change is integrated into our company-wide risk management processes and in 2013 we further strengthened their commitment to lowering GHG emissions associated with the production and distribution of our products. Nestlé also commits to designing products that help consumers lower their… Read more »

Purecircle: Stevia Replacing Nutritive Sweeteners with PureCircle Stevia to Make a Positive Impact on Carbon

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. It is our vision to lead the global expansion of stevia as the next mass volume natural sweetener and encourage healthier diets through the supply of natural ingredients to the global food and beverage industry.  And it is our mission to scale… Read more »

The “Chinese Dream” Chinese Citizens Dream About Health & Environment Improvement More Than About Their Country Being a Superpower

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. The “Chinese Dream” has become the most discussed topic today in China. The people of China have their own dreams and observe cautiously all the hype around this slogan, waiting for good reasons to believe in what they are promised. Thirty years… Read more »

Principles for Responsible Investment: Focus on Farmland

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. In April 2010, Secretary-General of the UN Conference on Trade and Development (UNCTAD) Supachai Panitchpakdi said: “There is an urgent need to invest more in agriculture both to ensure food security and as the basis for long-term economic development.” To address these… Read more »

Preserving the Rainforest: Sustainable Solutions from the Private Sector

In order to create a virtuous cycle where forests are essential to sustainable economic growth both for local communities and markets, private investors need to be both catalysts for existing best practices and sources of new forms of sustainable investing initiatives, aiming to preserve and restore the world’s native forests. Transparency over existing practices is a prerequisite for the much needed transition to a sustainable system that simultaneously promotes economic growth and sustainable forestry.

Accounting for Timber – Lack of Convergence Illustrates the Differences between Historical Cost & Fair Value Accounting

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. Over the past few years one of the dominant hot topics in investment analysis has been fair value accounting.  After the credit crisis, there was a call by some to require fair value accounting for financial instruments.  The issue of the appropriateness… Read more »

Fibrea: A Leader in Sustainability

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. Fibria began 2014 by celebrating great achievements. The company was recognized in the 2014 Sustainability Yearbook released by RobecoSAM, which is responsible for the Dow Jones Sustainability Index (DJSI). The company received the prestigious Gold Class Sustainability Award for its leadership in… Read more »

Constructive Dialogue Bears Fruit

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. It has become more and more clear that shareholders can have tremendous leverage to influence corporate and industry practices globally, often in collaboration with coalitions of other shareholders and activist organizations. While one voice can make a difference, the collective voice of… Read more »

A Call to Action

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. Investors are becoming increasingly aware of supply chain issues in their companies, whether it is through conflict minerals, poor working conditions, deforestation or any number of other concerns, and are focusing on what company management is doing to recognise and address these… Read more »

Applying The Rainforest Standard™ to the World’s Forests

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. The Rainforest Standard™ is the world’s first forest carbon credit standard to fully integrate requirements and protocols for carbon accounting, socio-cultural/socio-economic impacts, and biodiversity outcomes.  In 2009, Cargill S.A. and other sponsors invested in a unique collaboration among Columbia University’s Center for… Read more »

Sunshine in the Garden State: An Unlikely Leader in Solar Energy

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE FEBRUARY 2014 EDITION. In the U.S., domestic developments have made New Jersey the third leading state in solar energy. This reflects a changing energy landscape in which sustainability has become a global policy consideration. The long-term trend is towards the adoption of renewable energy… Read more »

The Makings of a Market Correction?

2013 was a stellar year for stocks — the S&P 500 reached new highs and finished with a gain of 30%. Other developed markets performed well too — the MSCI All Country World Index (ACWI) rose 23% — but the MSCI Emerging Markets index fell 3%. As for 2014, we started the year with a dip begging the question of whether a material correction might be in store, as some observers have predicted….

Phil Kirshman Joins Cornerstone Capital Group

FOR IMMEDIATE RELEASE PHIL KIRSHMAN, CFA, CFP®, FORMER SENIOR PORTFOLIO MANAGER WITH UBS INSTITUTIONAL CONSULTING, JOINS CORNERSTONE CAPITAL GROUP;  MARKS THE FIRM’S FUTURE EFFORTS IN INVESTMENT MANAGEMENT  NEW YORK — Cornerstone Capital Inc. announced today the addition of Phil Kirshman, CFA, CFP© , former Account Vice President and Senior Portfolio Manager at UBS Institutional Consulting,… Read more »