New York Times, September 11: Milton Friedman’s libertarian economics influenced presidents and inspired “greed is good.” So what did Friedman get right — and wrong? Today’s business leaders and economists weigh in. …

ERIKA KARP, chief executive of Cornerstone Capital Group

Friedman makes the mistake of not including two words: “long term.” Had he talked about “long-term principle and long-term consequences,” businesses might be more thoughtful about deploying financial capital, natural capital and human capital.

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Bloomberg/Yahoo Finance, September 11: “You see this kind of volatility when there is a vacuum of information for investors, and we don’t have good data,” said Erika Karp, founder and CEO of Cornerstone Capital Group. “Markets can adapt when there is certainty, but when there is extreme uncertainty and when we’re in a period of transition, you’re going to get volatility.” Read the full article here.

Bloomberg TV, August 21: Cornerstone Capital founder and Chief Executive Officer Erika Karp says more fiscal support will be needed to boost the economy. She speaks with Bloomberg’s Sonali Basak and Alix Steel on “Bloomberg Markets.”

Bloomberg, July 21: Between March and late May, the 56-year-old founder and chief executive of Cornerstone Capital walked to work from her Upper East Side apartment to her midtown office, a mask on her face, homemade lunch in her purse and some tissue in her pocket for the elevator button.

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CityWire, July 15: For Cornerstone Capital Group, companies with stronger ESG policies are better able to mitigate large scale risks – be they environmental issues, such as the cost of cleaning up years of toxic pollution, social risks like labor unrest or governance risks like weaker regulatory environments.

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Triple Pundit, July 13: Cornerstone Capital Group, an impact investing advisory firm, came out with a paper this week that details the ways female entrepreneurs uniquely supported U.S. economic recovery after the ’08 recession and how the nation can maximize those benefits today as it looks ahead to a post-COVID economy.

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The New York Times, July 4: Companies are on a continuum: They are good at some things but not everything, said Erika Karp, founder and chief executive of Cornerstone Capital. That means investors should know what they want and what they will accept. ”Do you want to divest or do you want to engage with companies and push for change?” Ms. Karp said. ”Both are OK. You just need to be consistent.”

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ImpactAlpha, June 26: The pledge is signed by a wide range of asset managers, foundations and faith-based investors, including the Interfaith Center on Corporate Responsibility, the Intentional Endowments Network, Cornerstone Capital, Trillium Asset Management, and Zevin Asset Management.

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ImpactAlpha, June 17: It feels like a hundred years ago that I first walked onto the vast trading floor of one of the world’s largest global investment banks. All I could think was, “Cool.” I was enthralled by the energy and intensity. There seemed to be important work being done and new insights being shared as salespeople, traders, and analysts moved the capital markets.

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FundFire, June 16: The best asset managers have been taking action ahead of federal legislation, says Cornerstone Capital Group founder and CEO Erika Karp. This Supreme Court ruling will have a greater effect on those companies that have more of a culture of compliance rather than an inclusive company culture, she says. Firms with a culture of compliance will learn to be more careful while inclusive institutions have already changed and are “transforming the world,” she says.

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GreenBiz, June 15: “Your standard research analyst is not going to ask, ‘Please articulate your efforts to become an anti-racist, multicultural organization,’” Erika Karp, founder and CEO of Cornerstone Capital and a Wall Street veteran, told me last week. “You’re not going to hear that on an analyst call.”

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Bloomberg, June 11: “I don’t think that much has really changed. It’s just investors are so trained to buy that dip, they are riding that now,” said Shahnawaz Malik, senior investment advisor at Cornerstone Capital. “We’re going to continue to see these bouts of volatility until we have a vaccine” for the coronavirus.

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Axios, June 9:Cornerstone Capital Group, an investment adviser focusing on socially conscious investing, wrote a white paper in 2018 detailing investment changes portfolio managers and investors could make to help reduce the racial wealth gap

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Politico, June 8: Sustainable investing is all the rage these days, but it can be tough to get to the bottom of how well anyone is really doing achieving their environmental, social and governance goals. Our colleague Ryan Heath recently took a look at the institutions trying to address those transparency gaps. “Too many (investment) frameworks are heavy with flawed data,” Erika Karp, CEO of Cornerstone Capital, told Ryan.

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Politico, June 5: “Too many (investment) frameworks are heavy with flawed data,” Erika Karp, CEO of Cornerstone Capital, told POLITICO.

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ImpactAlpha, June 3: World Within Labs’ Rostam Zafari joins the board of directors at Cornerstone Capital

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Pensions & Investments, June 1: Investors shouldn’t be ceding their role either, said Craig Metrick, chief investment officer for Cornerstone Capital Group in Denver, with $1.2 billion under management targeted for environmental and social impact. “It is up to people to make sure (greenwashing) is addressed,” he said. Part of problem can be that “investors don’t articulate what they want. Both sides have to be responsible and accountable. If more investors get out there and say what they want, that will push managers,” Mr. Metrick said.

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Politico, May 22: Cornerstone Capital CEO Erika Karp, a long-time proponent of impact investing, also casts doubt on the foundations of this year’s ESG investing trend. “There is no such thing” as ESG investing, Karp said, but “there is ESG analysis.” Within that, “the G is first among equals, the G comes first,” she continued, because “a well-governed company is looking at environmental and social issues,” otherwise it isn’t well governed.

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Financial Advisor Magazine, May 7: “It depends,” said Erika Karp, founder and CEO of Cornerstone Capital Group, an impact investing advisory firm. “If we’re talking about government spending and government stimulus and bailouts of any sort … if we’re talking about money that belongs to the public and then that goes to the companies and they distribute it, there’s a major problem there. That’s something that exacerbates income and wealth inequality, which is already a pretty serious problem.”

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Professional Wealth Management, May 5: When considering ESG factors, governance is first among equals, says Erika Karp, CEO of investment firm Cornerstone Capital. “Governance is a proxy for quality, a proxy for innovation, and a proxy for resilience and for long-term thinking.”

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