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.

Cornerstone’s Katherine Pease was featured in the “Inspiring Impact” blog series sponsored by OMPR, a marketing specialist focused on “sharing the stories, news, and expertise of purpose-driven brands and leaders who have a rallying cry and a deep desire to make a difference.” Read the interview 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.”

SeekingAlpha, August 7: “Inflows to sustainable investment strategies are likely a reflection of the flight to quality we often see in times of great uncertainty” according to Erika Karp. Read full article here.

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 Professional Buyer, July 2020:  “While not dismissing the importance of investing with a strong ESG lens in developed markets, I’d argue that strong ESG credentials are extremely important criteria when considering investments in emerging markets,” said Jennifer Leonard, [executive] director of asset manager due diligence at Cornerstone’s New York City office on Fifth Avenue.

“Given lower levels of transparency, sometimes weaker regulatory environments with respect to environmental and labor standards, and less of a focus on strong corporate governance in many markets, there is an increased capacity for corruption, environmental and social issues and fraud at the corporate level than is typically seen in more developed markets. Investments rooted in strong ESG criteria help guard against exposure to these risks.”

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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Investment News, June 12:  Erika Karp sits down with Investment News for a brief conversation about impact investing and social issues. View the video here:

https://www.investmentnews.com/video/193995

 

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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