Monthly Archives: April 2014

Introducing Our Global Markets Regional Equity Strategy Model

The April edition of the Cornerstone JSFB is all about Infrastructure. We also unveil the new Cornerstone Capital Global Markets Regional Equity Strategy Model — providing regional recommendations based on proprietary measures of valuation, earnings and corporate governance factors.

JSFB April Edition: It’s All About Infrastructure

This month in the Cornerstone Journal of Sustainable Finance & Banking (JSFB), we take the opportunity to focus on the theme of “Infrastructure.” While global markets are in the thick of earnings reporting and proxy season, and investors absorb a raft of global manufacturing data showing growth differentials, we consider “Infrastructure” in its many manifestations…..

Introducing Cornerstone Capital Global Markets Regional Equity Strategy Model

In this note, we introduce the Cornerstone Capital Global Markets Regional Equity Strategy Model.  As discussed in detail below, the model employs a quantitative multi-factor methodology to generate regional recommendations based on proprietary measures of valuation and earnings.  The Cornerstone Capital model also takes into account corporate governance metrics by region.  We will be updating… Read more »

Unleashing Impact Capital into Public Infrastructure and Building Projects

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. Our national economy is in a world of hurt when it comes to its very foundation: the public infrastructure and buildings that enable and support economic activity.  Bridges, highways, transit, energy, and environmental infrastructure as well as social infrastructure including healthcare, education… Read more »

Building Sustainable Cities with New Design Processes and Open Data

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. New data and technology advancements in the infrastructure design industry have the potential to revolutionize how finance and banking professionals screen opportunities for impact investments. The design industry is rapidly moving from the practice of drawing lines and circles to an intelligent,… Read more »

Increasing Access to Clean Water in Kenya: The Case for a Social Impact Bond

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. With limited public funding available for socially and environmentally responsible programs, a variety of initiatives have been developed to attract private capital into sustainable development. Although still in their infancy, social impact bonds (SIBs) offer a promising outlook for sustained public-private partnerships…. Read more »

Cornerstone Roundtable Discussion on the Global Pharmaceuticals Industry

The “Biopharma” Industry The lines between the “pharmaceuticals” and “biotechnology” sectors are becoming increasingly blurred. With 35-40% of the earnings of global large cap pharmaceuticals companies coming from biologics, it is probably more accurate to refer to these companies as operating in the “biopharma” industry. Corporate governance has played a key role in the emergence… Read more »

John Wilson Named Head of Corporate Governance, Engagement & Research

In a first, corporate governance expert to lead research function at investment firm. Cornerstone Capital Inc. today announced that John K.S. Wilson has been appointed to the newly created position of Head of Corporate Governance, Engagement & Research at Cornerstone Capital Group, effective May 1st. Mr. Wilson, who most recently served as Director of Corporate Governance… Read more »

Filling the Infrastructure Data Gap in Impact Investing

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. The OECD estimates USD 53 trillion in investment or the equivalent of an annual 2.5% of global GDP by the year 2030, to meet demand for infrastructure investment by 2030. Those numbers are so large and intimidating that most people are tempted… Read more »

CBA-BIM Using Established Tools to Achieve Standard for Infrastructure Project Valuation and Risk Assessment

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. Building Information Modelling (BIM) is changing the planning, design, building, and operation of infrastructure. When Cost Benefit Analysis (CBA) is added to BIM investors get both transparency of value and understanding of risks in complex infrastructure projects. CBA-BIM has the potential to… Read more »

New Tools, New Tricks: How Emerging Applications Are Becoming Game-Changers for Impact Investors and Infrastructure Development

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. The creation of standardized economic tools that can be used in the context of infrastructure exchanges may enable a new era of impact investing. Investors can use new standardized metrics to shape the definitions of new asset classes, including green bonds and… Read more »

Maersk: Sustainability as a Driver for Growth

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. It is our experience that sustainability adds value if it is tied closely into business and is allowed to help the company take a longer term perspective on material matters. At its core, it adds value through better risk management whether it… Read more »

Trinity River Vision Authority Applies Sustainability Rating and Business Case Analysis to Set Stormwater Management Principles

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. The financial benefits coupled with the benefits of maintaining the water quality of the lake and canals planned for Panther Island makes a clear case for expanding the use of green infrastructure in North Texas that will benefit the development community and… Read more »

Infrastructure Imperatives Drive Regional Competitiveness

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. Today, our urban areas face enormous threats and costs including those associated with the quality, integration and performance of their civil infrastructure systems. Over time, as comprehensive business cases become more common, users will realize additional benefits as projects are regionally bundled… Read more »

WCX Finalizes Project Principles and Standards

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. On January 2nd, the West Coast Infrastructure Exchange (WCX) released the final version of “Infrastructure Project Certification –Principles and Framework” which was developed by the WCX Business Standards Committee. The principles and project standards are the first-ever attempt by multiple US states… Read more »

Transportation Facilities Focus on Sustainability at Billion Dollar Scale

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. When we commute and travel, do we think about the long-term sustainability of the facilities we use? Does it matter that these buildings are efficient and provide healthy environments? Up until now, we have considered multi-modal transit facilities as positive infrastructure since… Read more »

Social Stock Exchanges: Democratizing Impact Investing

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. While impact investing is still far from being an accessible opportunity for the general population, investor demand for greater liquidity and platforms such as Kiva and Kickstarter make it clear that the potential for involving retail investors in the sector is immense…. Read more »

ChurchillsVoice.com

Among the many extraordinarily articulate statements from Winston Churchill is one which has exceptional resonance in today’s global economy and to today’s investment imperatives.  In the mid-1940’s after the Battle of Britain when the House of Commons was being rebuilt following the bombings, Churchill made the statement: “We shape our buildings; thereafter they shape us.”… Read more »

San Diego Airport Named First LEED Platinum Certified Commercial Airport Terminal

EXCERPT FROM THE JSFB. SUBSCRIBERS CAN READ THE FULL ARTICLE IN THE APRIL 2014 EDITION. Abridged Article based upon SAN Press release courtesy of Jim Grant HNTB Corporation San Diego International Airport has been awarded Leadership in Energy and Environmental Design Platinum certification for The Green Build terminal expansion from the U.S. Green Building Council. LEED certification… Read more »

Global Diversity Leadership Exchange

On Thursday, March 27th, Erika Karp participated in The Global Diversity Leadership Exchange “Connecting Cultures & Corporate Value” in the “Establishing New Measures of Success” session at the United Nations Headquarters.  Some highlights are available by the American Sustainable Business Council, click here to read the commentary.   The Session Topic: We have often heard the mantra… Read more »

The Cornerstone JSFB CEO’s Letter in Mandarin, March 2014

首席执行官关于可持续金融和银行业的致辞 在这期的“Cornerstone 可持续金融和银行业的月刊”里, 我们注意到在面对复杂交错的信息流情况下,市场已经开始变得易变。在美联储逐渐缩减债券回购的情况下, 最近投资者已感觉到欧元区和中国有可能提供一些货币政策的支持。 还有,当我们进入一个虚拟的现实世界时, 地缘政治和政治经济的不确定性正如资本市场愿意给Candy Crush游戏制造商King Digital的发行股付出的价钱以及Facebook收购Oculus付出的价格一样具有不确定性。我们希望这些公司将是产品设计的大师。在这期的月刊里, 我们讨论的主题真的是设计。 在考虑商业模型和商业实践的设计上,这个月里我们从虚拟现实转到真正面对全球投资者的实际现实。这些现实包括美国的银行必须有充足的准备金以便能通过压力测试,处理象发生在加尔维斯顿海湾所必需付出的生态和商业上的支出,以及通用汽车将要采取的关键步骤来解决当前的关于汽车安全的危机。 谈到危机,我们介绍一篇Cornerstone Capital 全球市场策略团队Michael Geraghty 和Michael Shavel的报告。这篇题为“定义危机:加速可持续增长”发表在我们的“全球行业研究”章节的报告讨论了从历史吸取教训以及公司是否有空间和治理能力在危机后从新设计和定义他们未来的状态。在报告中,我们的团队简单快速过滤了几个行业的公司,例如Johnson&Johnson, Nike, Tyco, Neste Oil, Rio Tinto, Royal Bank of Canada 和 IBM。他们对公司关于危机的来源以及反映进行了提问。并且他们建议当公司试图使用历史教训和行业特有的环境,社会,和公司治理等因素来设计他们的商业模型时,他们的弹性和长期商业表现也会越好。 也在这个月的期刊里,我们也考虑了由自然:仿生学所激发的伟大设计。我们包括了一篇Cornerstone Capital 分析师 Michael Shavel讨论如何能够使用“自然的R&D部门来提高生产率”。Michael提醒我们蝴蝶的翅膀和海鸟的嘴能够激发我们从Qualcomm的移动显示技术到空中客车A350s的每件事情。进一步,Katherine Collins关于“投资的自然”的报告讨论了伟大的投资和对真正公司管理者的寻找要求我们把他们等同于大自然的弹力和再生系统:具有大自然的智慧。 并且,这也正是Hazel Henderson在她的文章中所作的,当她把前沿的机会介绍给我们时,强调 私有投资者是如何利用逐渐出现的资产类别。 这个真的是很酷。事实上,这个月在我们的“Featured Domain”章节我们讨论了能够把这些全部考虑到的投资者真的是很棒。 在设计投资过程和方法以分配资本时,我们讨论了从长期看将会对竞争回报和社会影响都有要求。我们认为那些能系统寻找并把环境,社会,和公司治理等因素集成到投资过程的投资者将是“ Arbiters of Cool”。在好的措施方面,当我们希望未来实现低碳移动时,Cornerstone的Juan Lois给我们提供了BMW  “i”系列可持续产品预览。 在这月期刊其他强调的设计者有Jean Rogers, 可持续会计准则委员会(SAAB)执行董事和Matthew Reynolds,Indigenous Designs的总裁和共同创始人。当我们建设性的来到“Accelerating Impact”章节,Jean设计了一个通过财务纰漏标准来提高公司运营有效性的透明度。在“Open Source Excellence”的例子中,Matt已经通过The Indigenous… Read more »

Erika Karp Recognized on the Good 100

We are proud to announce that Erika Karp, CEO & Founder of Cornerstone Capital Group, has been recognized on The 2014 Good 100. The Good 100 represent the vanguard of creative impact from around the globe and includes a diverse group of artists, activists, entrepreneurs and innovators from over 35 countries. For more information visit… Read more »