February 16, 2017

At the Intersection: Where ESG Matters to Factor Investing

For many investors, the conversation has shifted from how ESG matters (i.e., performance) to where it matters. When ESG matters to an investment factor, that can have material implications for stock selection criteria.

February 14, 2017

Exploring the Nexus of Philanthropy and Market-Based Solutions

We recently conducted interviews internally with Cornerstone Capital staff and externally with thought leaders in the finance and foundation fields to gather opinions about the nexus of market-based solutions (i.e., traditional for-profit investment via the capital markets) and philanthropy.

January 19, 2017

Gauging Governance Globally: 2017 Update

The quality of country-level governance affects corporate governance and, thus, firm value. In this report we update our composite index rankings.

January 12, 2017

Climate Investing in 2017

The imperative for an effective response to climate change only grows following the hottest year on record. Climate investing faces risks in 2017, particularly from the incoming US administration, but nuanced opportunities exist for positive environmental and social impact coupled with attractive potential returns.

January 9, 2017

Sector and Regional Strategy: Monthly Update January 2017

Upgrading the UK, no change to sector recommendations.

December 19, 2016

Real Estate and Its ESG Footprint: A Sector Strategy Perspective

On September 1, 2016, MSCI added Real Estate as a new sector, increasing the number of GICS sectors to 11. The Real Estate sector’s ESG risk profile is likely among the highest of the GICS sectors.

December 8, 2016

Regional and Sector Strategy Monthly Update: December

Given the outlook for reflation and reduced regulatory oversight that has taken hold in the US following the recent elections, we are fine-tuning our sector strategy…

November 9, 2016

Election Results and Sustainable Investing — Reason & Pragmatism

While reverberations of the surprise US electoral outcome will unfold for quite some time, at Cornerstone Capital Group we wanted to take a moment to consider the landscape in which we and our clients operate in the field of sustainable finance.

October 25, 2016

Extractive Company Values: Environmental & Social Issues as Indicators of Strategy Execution Potential

With a market cap of over US$6 trillion, the extractive sector encompasses over 5,000 companies. It provides raw materials for everything from energy creation to high-tech manufacturing to electronics. Even as the world starts to transition from greenhouse gas emitting commodities like oil and coal, natural resource extraction will remain essential. Smartphones and electric vehicles, for instance, require metals sourced from extractive operations around the world. Yet natural resource extraction is, by its very nature, environmentally destructive and socially disruptive — and managing the risks inherent in mining is of prime concern to extractive companies and the host countries in which they operate. Extractive companies’ success will be in part determined by their ability to position themselves for this future.

October 24, 2016

Food Safety: Is Whole Foods Prepared?

On October 20, the Detroit Health Department announced an investigation into two cases of Hepatitis A potentially linked to Whole Foods’ stores. Whole Foods contacted the Detroit Health Department to report one of the cases, while the second case has not been definitively linked to Whole Foods. While we view the reporting of this incident to health officials as positive, we have concerns about the grocery chain’s food safety preparedness given its exposure to prepared/ready-to-eat food and its lack of food safety disclosure.