New York, May 5, 2020 – Cornerstone Capital Group (“Cornerstone”) today announced the publication of its report titled “Investing in the Future of Work.”  The report addresses the widening workforce skills gap, identifies investments that may help close the gap, and shares case studies of innovative training as well as skill-building programs. Cornerstone developed this report to discuss:

Cornerstone will host a webinar to discuss this topic with experts in the field on Tuesday, June 9, at 2 pm ET. To learn more and to register, click here.

Katherine Pease, Cornerstone’s Head of Impact Strategy, commented on today’s news, “The current global crisis is shining a light on companies that look to the future, have a culture of learning and prepare for the unexpected. While no one knows what the coming years will bring, these forward-looking companies may prove to be more resilient than others that don’t embrace change, training and education. Impact investing, or investing using an ESG lens, may help identify these more resilient companies that can rebound from adversity faster and stronger than others.”

The full report is available for download here.

 

NEW YORK, March 24, 2020 – Cornerstone Capital Group today announced the addition of two seasoned professionals, Glen Macdonald and Shahnawaz Malik as Managing Directors and Senior Investment Advisors. Both bring extensive experience in the impact investing, capital markets, and investment advisory fields, with proven track records of providing innovative guidance to clients. Both Glen and Shahnawaz will report to Craig Metrick, Cornerstone’s Chief Investment Officer.

 

Erika Karp, Founder and CEO of Cornerstone, commented on today’s news, “We are delighted to welcome Glen and Shahnawaz to the team. Glen and Shahnawaz are recognized leaders who share our commitment to catalyzing the flow of capital toward a more sustainable and inclusive world on behalf of our institutional and family clients. In addition, this expansion of our team will ensure that Cornerstone continues providing clients with exceptional guidance as we continue to grow.”

Prior to joining Cornerstone, Glen Macdonald was a Managing Director at Bronfman, Rothschild, LLC and a Senior Vice President – Institutional Client Advisor at U.S. Trust. Earlier in his career, Glen was a Principal at a private equity firm, and a Partner at PwC’s management consulting unit. At PwC, he advised corporate and venture clients on business strategy, mergers and acquisitions, turnarounds, operational improvement and financial reporting. Glen leads the Wealth & Giving Forum, an organization he co-founded in 2014 that promotes values-aligned capital allocation among families who seek positive social and environmental outcomes.

 

“Cornerstone’s mission, depth of expertise and full alignment with my views are what attracted me to the firm,” stated Glen. “Along with the entire Cornerstone team, I believe that environmental, social and governance (ESG) factors are critical components in understanding a security’s true value and constructing a sound investment portfolio.”

 

Shahnawaz Malik was previously a senior banker at Standard Chartered, where he provided advisory solutions to high-net-worth & family office clients, foundations, and endowments. Prior to Standard Chartered, Shahnawaz worked for Barclays Wealth & Investment Management in London and Hong Kong, holding multiple roles across investment advisory, portfolio management and business development. Additionally, Shahnawaz is a Trustee of the Nomad Academy Foundation, a sports education charity that delivers mentoring, healthy lifestyle, and sports activities across some of the most impoverished regions in Asia.

 

“It’s an exciting time to join a Cornerstone, a firm dedicated to impact investing,  as the move toward impact strategies continues to gain momentum throughout the financial services industry,” Shahnawaz stated. “I look forward to leveraging my advisory background to provide council to our clients with the goal to make impact investing a mainstream investing strategy.”

mgroupsc.com

NEW YORK, February 5, 2020 – Cornerstone Capital Group today announced that it has named Michael Wright as Managing Director of Fund Distribution & Business Development Operations.  In this role he will be responsible for full market engagement and distribution of the Cornerstone Capital Access Impact Fund (CCIIX).

Wright will work closely with Cornerstone executives to develop and implement a highly integrated distribution plan for Cornerstone Capital’s Access Impact Fund. He will also lead the expansion of key account relationships for the fund, overseeing all external partnerships.

Erika Karp, Founder and CEO of Cornerstone, commented on today’s news, “We are delighted to welcome Michael to the team. He is a widely respected, seasoned executive charged with advancing Cornerstone’s impact business. Michael will play a key role in helping our team to reach our full potential.”

Prior to joining Cornerstone, Wright served as Business Development and Senior Product Specialist at DSM Capital Partners, where he managed RIA, Trust, and family office relationships. Wright also worked at Highland Capital Management, Kelvingrove Partners, and Neuberger Berman in various roles.

“In a market where many funds are labeled as ‘impact,’ investors need a vehicle that is constructed with rigorous vetting designed to ensure that investments truly incorporate the highest standards for ESG impact. I believe that Cornerstone’s Access Impact Fund is that solution and I look forward to working with the firm to broaden investors’ access to impact,” concluded Wright.

 

NEW YORKJan. 8, 2020Cornerstone Capital Group (“Cornerstone”), an SEC registered investment advisor whose mission is to help investors achieve targeted environmental and social impact goals without sacrificing investment performance, today announced that Erika Karp, its Founder and CEO, will be participating at two events in Davos, Switzerland.

The first event is a roundtable discussion hosted by the World Benchmarking Alliance at the Seehof Hotel on Thursday, January 23. Karp will be discussing systematic change – why it’s needed, the barriers and opportunities to change, and how data for accountability factors into the equation.

Karp will also participate in the Green Debate at the Seehof Hotel on January 23. She will be joined by Ibrahim Al Husseini, CEO of Full Cycle; Paul Polman, former CEO of Unilever; Thimo V. Schmitt, Director of CSR Europe at Aurora; Paula Schwarz, Foundrice of Cloud Nation; Antje Biber, Head of SDG Office at FERI Gruppe; and Philippe Bertherat, Former Managing Partner at Pictet.

Following the panel, Cornerstone is co-hosting the Gala Reception from 7-9 p.m. CET, where top forward-thinking executives and CEOs who share a common interest in practical solutions for sustainable business, development and SDGs will gather and network.

“I am extremely pleased to be speaking about sustainability to such a prestigious global audience as we continue to develop strategies to improve the economic and environmental sustainability of the world,” said Erika Karp, Founder and CEO of Cornerstone. “At Cornerstone, we firmly believe that impact investing can lead to a more sustainable and inclusive global economy. I am thrilled for the opportunity to help inspire a dramatic shift in the mindset of how we deploy capital toward sustainable economic growth.”

 

NEW YORK, January 6, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC registered investment advisor dedicated to helping investors achieve targeted environmental and social impact goals without sacrificing investment performance, today announced that it has joined the World Benchmarking Alliance (WBA).

The WBA was launched in 2018 by the United Nations Foundation, Aviva, and Index Initiative with the mission to increase the private sector’s contribution to a sustainable future. Allies represent a large mix of voices aligned with the UN Sustainable Development Goals (SDGs), ranging from civil society and business networks to financial institutions and multilateral organizations. The WBA will develop free, publicly available benchmarks that will rank companies on their contributions to achieving the SDGs.

“Cornerstone is proud to be an ally of the World Benchmarking Alliance,” said Erika Karp, Founder and CEO of Cornerstone Capital Group. “The pathway to a sustainable future, as outlined in the SDGs, can only be achieved through transformational change. We look forward to collaborating with other allies to be a successful driver of change by creating sustainable, inclusive and innovative solutions.”

Karp believes that investing has a crucial role to play in advancing the SDGs. In April 2019, Cornerstone launched The Cornerstone Access Impact FrameworkTM, which uses a proprietary methodology to measure and report on how investments facilitate access to the systems and resources required to achieve the SDGs. The notion of access represents the single common denominator to moving capital to achieve the SDGs, and aligns beautifully with the work of the WBA.

NEW YORKDec. 3, 2019 — Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor whose mission is to help investors achieve targeted impact goals without sacrificing investment performance, today announced the launch of the Cornerstone Capital Access Impact Fund (CCIIX).

The Access Impact Fund is designed for investors who are seeking both competitive financial returns and positive impact. It is a liquid, low-minimum solution that adheres to Cornerstone’s rigorous standards for vetting investments. The all-cap, global thematic fund allocates its assets among multiple investment managers (sub-advisers) whose investment strategies emphasize certain themes and/or employ various environmental, social and governance (ESG) criteria. The fund’s goal is long-term capital appreciation.

“The Access Impact Fund is a unique product that seeks to offer investors an avenue for competitive performance. It gives investors exposure to companies that embrace strong environmental, social and governance [ESG] practices and that are moving the needle on key issues we face as a society,” said Jennifer Leonard, Portfolio Co-Manager of CCIIX and Executive Director, Asset Manager Due Diligence of Cornerstone Capital Group. “It allows us to offer broad access to sophisticated strategies that may not otherwise be available to individual investors.”

To achieve its investment objective, the fund allocates assets across six critical and interconnected themes that initially include health, wellness and education; climate and clean energy; innovation and economic opportunity; reduced inequalities and social justice; data-driven solutions; and the circular economy. The team selected these themes because together they work to advance the Sustainable Development Goals laid out by the United Nations in 2015.

“The Access Impact Fund democratizes impact investing by giving all investors access to investment strategies that have traditionally been the domain of institutions and wealthy individuals,” said Erika Karp, Founder and CEO of Cornerstone Capital Group and Portfolio Co-Manager of CCIIX. “We were driven to launch this fund by the urgency of the challenges we face ahead and the vast human, environmental, and financial costs of inaction. We are very excited to be launching this fund, which we consider unique in the market in terms of its structure, quality and creative blend of diversification and thematic focus.”

The minimum investment for the Cornerstone Capital Access Impact Fund is $1,000. For more information on the mutual fund, visit: cornerstonecapitalfunds.com.

You should carefully consider the investment objectives, risks, and charges and expenses of the Fund before investing.  The prospectus contains this and other information about the Fund, and it should be read carefully before investing.  You may obtain a copy of the prospectus by calling 800.986.6187.  Distributed by Ultimus Fund Distributors, LLC.  8974101-UFD-9/20/2019

Investing involves risk, including loss of principal.  The value of the Fund’s shares, when redeemed, may be worth more or less than their original cost.  The universe of acceptable investments for the Fund may be limited as compared to other funds due to the Fund’s ESG investment screening.  Because the Fund does not invest in companies that do not meet its ESG criteria, the Fund may be riskier than other mutual funds that invest in a broader array of securities.  Investments in foreign securities involve risks that may be different from those of U.S. securities.  Diversification does not ensure a profit or guarantee against loss.  

NEW YORK, October 8, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor that helps investors achieve targeted environmental and social impact goals without sacrificing investment performance, today announced that it has signed the investor statement promoting the Women’s Empowerment Principles coordinated by Mirova, a French investment manager.

In support of United Nations (UN) Women and the UN Global Compact (UNGC)’s Women’s Empowerment Principles, the statement calls on signatories to reaffirm their commitment to gender equality and women’s empowerment in their investment decisions, encourage business leaders to take action and to call for companies to foster the implementation of gender equality performance measurement tools, and improve transparency on their actions and outcomes.

Women represent nearly half of the world’s population; however, they continue to face inequality in the private sector, experiencing a continued gender wage gap and obtaining fewer leadership opportunities than men. Women’s underrepresentation has become an increasingly urgent issue that not only hinders corporate diversity and inhibits gender equality, but it can impede financial performance as well. To illustrate the need for further progress in gender equality, the UN included the issue in its Sustainable Development Goal (SDG) number five: Achieve gender equality and empower all women and girls.

“As a woman, founder, and CEO, it’s important to me that women have the same opportunities available to them as their male counterparts,” said Erika Karp, Founder and CEO of Cornerstone. “As a WBENC-Certified Women’s Business Enterprise, Cornerstone Capital Group is dedicated to promoting gender equality and the Women’s Empowerment Principles. We’re proud to reaffirm our commitment to drive change for gender equality.”

NEW YORK, September 25, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor whose mission is to help investors achieve targeted impact goals without sacrificing investment performance, today announced that its Founder and CEO, Erika Karp, has been honored by Babson College with the presentation of its 2019 Lewis Institute Centennial Social Innovator Award as part of the Babson Connect: Worldwide Global Summit Gala.

“I am honored to be recognized by Babson College along with other leaders who shape the entrepreneurial ecosystem,” said Erika. “I firmly believe that entrepreneurship can make an impact on the world, and I look forward to working with the Babson community to catalyze action toward a more regenerative and inclusive form of capitalism.”

“Babson’s Social Innovator Awards recognize individuals who have set in motion transformative change. They challenge the status quo and are positive disruptors in their industry or sector.  They change mindsets, create new frameworks, and influence beliefs, all in service to creating a more just and sustainable world.  Erika Karp has done just that,” said Cheryl Kiser, Executive Director, The Lewis Institute & Babson Social Innovation Lab, during presentation ceremonies at Babson’s Centennial Celebration in Boston.

Erika Karp has been named among the nation’s “Top 50 Women in Wealth” by AdvisorOne; one of the “Purpose Economy 100,” the “Good 100;” one of 50 “Conscious Capitalists” who are “Transforming Wall Street;” StartOut award for Entrepreneurial Leadership; “Real Leaders 100;” and one of the Conscious Company’s 35 World-Changing Women in Business, 2019.

NEW YORK, September 18, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor helping investors achieve both their financial and societal objectives without sacrificing investment performance, today announced that it has signed the US Forum for Sustainable and Responsible Investment’s (US SIF) letter to the Securities and Exchange Commission (SEC) to prevent a proposed rulemaking that will likely weaken shareholders’ rights.

The SEC plans to amend Rule 14(a)(8) of the 1934 Securities Exchange Act, which provides shareholders who own a certain amount of the company’s securites with an opportunity to place proposals in a company’s proxy materials for a vote at an annual or special shareholder meetings. The SEC’s proposed rulemaking seeks to increase the ownership thresholds necessary for shareholders to file a proposal, weakening shareholder’s rights.

“Cornerstone is proud to join the US Forum for Sustainable and Responsible Investment in defending shareholders’ rights,” said Erika Karp, Founder and CEO of Cornerstone Capital Group. “This issue is important to Cornerstone because we consider shareholder engagement to be a key strategy for investors to influence change within a company and to hold companies accountable for the impacts of their activities.”

For additional information on this issue, please visit the Investor Rights Forum at https://www.investorrightsforum.com.

NEW YORK, September 16, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor helping investors achieve both their financial and societal objectives without sacrificing investment performance, announced that its Founder and CEO, Erika Karp, was chosen by The Hult Prize Foundation to be a judge for the 2019 United Nations Hult Prize Program.

A panel of 10 judges assessed presentations for the Hult Prizes’ special 10th Anniversary challenge: For Us, By Us. Youth Unemployment. The panel included a number of high-caliber experts such as President Bill Clinton, the 42nd President of the United States of America and Founder and Board Chair of the Clinton Foundation; Vicente Fox Quesada, the 55th President of Mexico; and Lise Kingo, CEO and Executive Director of the United Nations Global Compact, among others.

“I am honored to have participated as a judge for the Hult Prize Foundation,” said Erika Karp, Founder and CEO at Cornerstone Capital Group. “The organization does so much for the next generation, and I am glad I was able to take part in their mission of shaping today’s young people to become great leaders who will make a positive impact on the world.”

The Hult Prize brings together thousands of college and university students to solve some of the world’s most pressing issues. The annual initiative is the world’s largest student competition for social good and was founded by Ahmad Ashkar, a Hult International Business School alumnus. Each challenge provides a platform for business students from over 150 countries to develop social enterprises. The winning start-up receives $1 million US dollars in seed capital each fall at the anuual Clinton Global Initiative meeting in New York.

This years’ Hult Prize recipient was a four-person team of college students from Tecnológico de Monterrey, who received the prestigious award along with $1 million US dollars by creating Rutopia, a bilateral platform that enables indigenous tourist cooperatives to create and sell tours online, travelers to find and live biocultural experiences. The platform supports indigenous community tourism projects to thrive and create a positive impact in their communities.

Brenda Boone Joins Cornerstone Capital Group Board of Directors

Boone brings deep expertise in human factors analysis and organizational culture & management concepts

NEW YORK, August 13, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor helping investors achieve both their financial and societal objectives without sacrificing investment performance, today announced the appointment of Brenda Boone to its Board of Directors. Boone has over two decades of experience in human factors and has provided leadership and direction for all human factors and technical development programs undertaken by Human Solutions Inc. (HSI).

“We are delighted to have Brenda joining our Board. She is a highly respected and well-known thought leader in the industry, having received substantial professional and humanitarian recognition,” said Erika Karp, Founder and CEO of Cornerstone. “She is a proven collaborative leader and a great addition to Cornerstone. We look forward to her leadership for years to come.”

Boone was the founder and CEO of Human Solutions, a human engineering company that bid and won large-scale federal contracts with the Federal Aviation Administration and NASA, where she helped modernize the National Airspace System by using human-centered designs to build and implement air traffic control programs as well as systems for the cockpit. With her background in Industrial Psychology, Boone’s company designed and implemented systems focused on the users instead of the traditional engineering approach of having humans adapt to the system.

“Cornerstone’s mission of reinventing investing and moving capital towards social impact resonates strongly with me,” stated Boone. “I am fully aligned with the firm’s vision and purpose and I look forward to playing an active role by collaborating with my fellow Board members.”

Boone has supported women’s and children’s rights and established the Brenda Boone Hope Center in 2007 (now Ripples International) in Kenya. To date, this full-care facility has provided medical, legal, and psychological care services for over 400 girls who have been raped. Boone holds a Bachelor of Science in Communication Theory and a Ph.D. in Industrial Psychology.

NEW YORK, August 8, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor helping investors achieve both their financial and societal objectives without sacrificing investment performance, today announced that it has been named among the Real Leaders Top 100 Impact Companies of 2019.

The Real Leaders 100 Top Impact Companies Award, in collaboration with Big Path Capital and B Lab, ranks the top companies applying capitalism as a force for good. These companies are driving a dynamic transformation of the economy, bearing a new vision of capitalism that demonstrates that every investment has impact. The key is to seek those which can make the world a better place. To achieve the 100 ranking, Real Leaders used a simple formula–three-year growth rate (acceleration) x revenue (mass) x B Impact assessment score = A Company’s Force for Good score.

“We are honored to receive this award and to be recognized for our mission to catalyze the flow of capital toward a more regenerative and inclusive global economy,” said Erika Karp, Founder and CEO of Cornerstone. “At Cornerstone, we firmly believe that socially conscious investing is a truth, not a trend. Our focus is on outcomes. And as such, we are excited to be working alongside our impact investing peers to embed the principles of sustainable investing in the mainstream capital markets.”

A complete list of the “100 Top Impact Companies” can be found here.

About Cornerstone

Founded in 2013, Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to enable investors to achieve both their financial and societal objectives without sacrificing investment performance. Cornerstone works with families and individuals, foundations and endowments, multifamily offices and other registered investment advisors to develop and manage customized investment strategies to achieve bespoke financial and impact objectives.

About Real Leaders

Real Leaders magazine has been in circulation since 2010 and is the world’s first sustainable business & leadership publication. It aims to inspire better leaders for a better world.

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NEW YORK, March 21, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor that helps investors achieve their financial and societal objectives simultaneously without sacrificing investment performance, today announced its appointment of Eric Hsueh as Director, Manager Due Diligence. Hsueh will be based in Cornerstone’s New York City headquarters, where he will support the company’s due diligence process and fund manager selection.

“Eric’s years of experience in due diligence and manager evaluation, combined with his expertise in the impact investment space, are a tremendous asset to our team and, ultimately, to our clients,” said Erika Karp, Founder and CEO of Cornerstone Capital Group. “We are thrilled to have him join Cornerstone as we continue to grow our team and enable our clients to invest for impact without sacrificing returns.”

Prior to joining Cornerstone, Hsueh served as Director, Manager Research & Portfolio Construction at MissionPoint Partners, where he led the due diligence process, evaluating environmental, social, and governance (ESG) and impact investments for public opportunities, and built customized portfolios. Before this role, Hsueh worked for Northern Trust’s OCIO business as the Client Investment Officer, leading institutional relationships and overseeing investment activities for clients.

Hsueh began his career at Cambridge Associates working as a research analyst on the U.S. equity due diligence team. He is a Chartered Alternative Investments Analyst and a member of the Association of Asian American Investment Managers (AAAIM). Hsueh holds a B.A. in Economics from Johns Hopkins University.

NEW YORK, February 26, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor that helps investors achieve their financial and societal objectives without sacrificing investment performance, today announced that it has been granted LGBT Business Enterprise® (LGBTBE) certification through the National LGBT Chamber of Commerce (NGLCC) Supplier Diversity Initiative.

The NGLCC is the business voice of the LGBT community and the largest global not-for-profit advocacy organization specifically dedicated to expanding economic opportunities and advancement for LGBT people. Founded in 2002, the NGLCC serves as the nation’s exclusive certifying body for LGBT-owned business enterprises (LGBTBEs) and currently represents a membership of over 1,000 LGBTBEs.

“We are gratified to be recognized by the National LGBT Chamber of Commerce for our efforts to support inclusion and diversity,” said Erika Karp, Founder and CEO of Cornerstone. “While progress has been made, the LGBT community continues to face widespread discrimination at work. At Cornerstone, we believe that greater diversity will lead to improved creativity, collaboration, and productivity, which in turn will increase profitability for businesses. We are honored to stand with the NGLCC to advance the inclusion of the LGBT community in the workplace.”

Cornerstone was founded with a commitment to diversity and inclusion. In 2017, Cornerstone joined Lambda Legal in calling on the Supreme Court to affirm employment discrimination protections for LGBT people.  Cornerstone together with 75 other companies filed a friend-of-the-court brief in support of a federal lawsuit asking the U.S. Supreme Court to decide whether sexual orientation discrimination violates Title VII of the Civil Rights Act.

Additionally, Erika Karp was one of the first openly gay female brokers on Wall Street more than 25 years ago. Karp, along with her wife Sari Kessler, became one of the first gay couples to get married legally in New York City in 2011.

Further, in 2015, the company was certificated as a Women’s Business Enterprise by the Women’s Business Enterprise National Council (WBENC).

New York, January 7, 2019 – Cornerstone Capital Group (“Cornerstone”), an SEC-registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced the appointment of Kristin Frank to its Board of Directors. Frank, recently named President and Board Director at AdPredictive, a software company delivering the industry’s first outcomes-driven customer marketing intelligence platform, is a highly seasoned industry thought leader and transformational executive who brings with her more than 20 years of global business experience.

“We are absolutely delighted to have Kristin Frank joining our Board. Kristin’s exceptional leadership in the media industry, her deep expertise in digital media, and her innovative excellence in technology and distribution will add tremendous value to our organization,” said Erika Karp, Founder and CEO of Cornerstone. “At Cornerstone, as we strive to optimize both financial and social impact, we know that Kristin will set a high bar for the stewardship and scaling of the company.”

Frank has built, transformed, led and scaled successful businesses. Most recently, she served as Chief Operating Officer at MTV where she managed revenue, strategy, and operations for a $1.8B portfolio. She spearheaded the brand’s turnaround, brand reinvention, digital innovation, and market growth.

“I am honored to join Cornerstone’s Board of Directors and be part of its mission to integrate sustainable finance across the capital markets,” stated Frank. “This is an exciting time to join Cornerstone, as it continues to stand out by demonstrating an incredible commitment to impact investing and sustainability.”

Previously, Frank was EVP at Viacom Music and Entertainment Connected Content Division, where she doubled revenue by transforming consumer product, data, engineering and content. Prior to this position, Frank was General Manager for MTV and VH1 Digital where she doubled traffic to its digital platforms. She also acted as Chief Operating Officer of LOGO TV where she launched and built a powerful new media business.

Additionally, Frank serves on the Board of Directors of Brightcove (Nasdaq: BCOV), and Gaia (Nasdaq: GAIA). She also served on the Board of Gaiam and completed its sale to Sequential Brands in 2016. Frank was recognized by Variety as one of the most powerful women in cable and top women in digital.

NEW YORK, October 24, 2018 – Cornerstone Capital Group (“Cornerstone”), an SEC registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced the appointment of Alexander Navab to its Board of Directors. Navab is the former Head of the Americas Private Equity Business at Kohlberg Kravis Roberts & Co (KKR), and has deep global experience in private equity, mergers and acquisitions, and corporate finance.

“We are thrilled to welcome Alex to our Board given his exceptional accomplishments as a business leader and board director in both the private and nonprofit sectors,” said Erika Karp, Founder and CEO at Cornerstone.  “Investing to optimize both financial returns and societal impact represents an enormous global opportunity.  Alex will leverage his years of financial markets and philanthropic experience to help advance Cornerstone’s mission to drive sustainable and impact investing into the mainstream of the capital markets.”

Navab joined KKR in 1993, and held positions of increased responsibility during his 24 years at the firm. He was previously with James D. Wolfensohn Incorporated where he was involved in mergers and acquisitions as well as corporate finance advisory work. He started his career in investment banking at Goldman, Sachs & Co. Navab received a B.A. with honors, Phi Beta Kappa, from Columbia College, which awarded him the John Jay Award for distinguished professional achievement in 2011. He received an M.B.A. with High Distinction, and was a Baker Scholar, at Harvard Business School.  He was awarded the Ellis Island Medal of Honor in 2016. Navab currently serves on the Board of Directors of Fidelity National Information Systems, Inc. (FIS).

“Cornerstone has a unique mission and market position. Sustainable finance and ESG governance concerns and analysis continue to gain momentum throughout the financial services industry, and rise in importance as a consideration for institutional and individual investors,” stated Navab. “This is an exciting time for Cornerstone, and I am pleased to join the Board and to work with my fellow directors as the company continues to demonstrate significant industry leadership.”

Navab is an active philanthropist, deeply involved with a number of educational and community organizations. He serves on the Board of Directors of The Robin Hood Foundation, as a member of the Board of Trustees of New York-Presbyterian Hospital and  Columbia University, and  as a member of the Council on Foreign Relations.

About Cornerstone

Founded in 2013, Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to optimize financial performance and social impact through rigorous research and the systematic integration of Environmental, Social and Governance (ESG) factors into portfolio design. In offering investment advisory and strategic consulting services, Cornerstone works with individuals, family offices, foundations and endowments, corporations and other financial services providers, and promotes new research in the field of ESG analysis.

NEW YORK – October 22, 2018 – Cornerstone Capital Group (“Cornerstone”), a registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced that Erika Karp, Founder and CEO, and Katherine Pease, Managing Director of Impact Strategy, have been invited to speak at SOCAP18 (Social Capital Markets) on October 23-26 in San Francisco.

SOCAP18 is the world’s leading conference activating the capital markets to drive positive social and environmental impact, addressing the intersection of money and meaning.

Karp will moderate the Big Data and Transparency panel, which will take place at 10:30 a.m. PST October 25.  The discussion will be guided by research from Cornerstone’s recent report on data privacy, The Data Privacy Puzzle.

Erika Karp, Founder and CEO at Cornerstone, commented, “While recent scandals have brought big data into the forefront in negative ways, the reality is that the ever-increasing ability to collect and manage large amounts of data is changing the way we do just about everything. When used right, big data has the potential to solve big problems.”

Pease will moderate the Sexual and Gender Based Violence as an Investment Risk panel, which will take place at 4:30 PST on October 25. Karp will also be a featured panelist on this panel. Earlier this year, Cornerstone released a report on this topic as well.

Katherine Pease, Managing Director of Impact Strategy at Cornerstone, concluded, “It is incumbent upon investors to demand greater transparency and hold companies accountable around issues of sexual and gender-based violence in society and in companies.  This panel will explore structural impediments to large-scale improvements in corporate accountability related to sexual harassment, and emerging research that sheds light on the relationship between gender-based violence and investment risk.”

About Cornerstone Capital Group

Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to optimize financial performance and social impact through rigorous research and the systematic integration of Environmental, Social and Governance (ESG) factors into portfolio design. In offering investment advisory and strategic consulting services, Cornerstone works with individuals, family offices, foundations and endowments, corporations and other financial services providers, and promotes new research in the field of ESG analysis.

NEW YORK – October 16, 2018 Cornerstone Capital Group (“Cornerstone”), a registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social, and governance (ESG) analysis into portfolio design, today announced the release of a new report, Creativity & The Arts: An Emerging Impact Investing Theme. The report offers a window into the rich array of opportunities to make meaningful, profitable investments that foster economic empowerment for individuals and communities.

Written in collaboration with impact investors, artists, curators, foundation leaders, grantmakers, and professors, the report provides investors with a roadmap for investing directly in the individuals and communities that make creative enterprises possible.  By investing in creativity and the arts, investors can contribute to sustainable innovation that nurtures talent, empowers communities and brings diversity of thought to the market.

 

“Not only is creativity essential for economic development, but there are many other compelling reasons to consider creativity and the arts as an investment theme,” said Erika Karp, Founder and CEO, Cornerstone Capital Group. As noted by report contributors, reasons include:

 

 

To download the report, visit: Creativity & The Arts: An Emerging Impact Investing Theme

NEW YORK, September 26, 2018 – Cornerstone Capital Group (“Cornerstone”), a registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social and governance (ESG) analysis into portfolio design, today announced it has signed up to support the Task Force on Climate-related Financial Disclosure (TCFD). The TCFD is an industry-led initiative created to develop a set of recommendations for voluntary climate-related financial disclosures.

The TCFD, established by the Financial Stability Board (FSB), has the critical role of developing voluntary, consistent climate-related financial risk disclosures for use by companies in providing information to investors, lenders, insurers, and other stakeholders. As a strong supporter, Cornerstone Capital Group is committed to ensuring transparency around climate-related risks and opportunities, in line with the recommendations of the TCFD.

Erika Karp, Founder and CEO at Cornerstone, commented on today’s news, “We are proud to support the TCFD recommendations, which provide a framework for companies to respond to the increasing demand for transparency on climate-related risks and opportunities from investors. Transparency and disclosure can be transformational in terms of guiding the capital markets forward.  In addition, healthy capital markets will be a driving force in establishing a more inclusive and regenerative global economy.”

Erika Karp was also founding Board member of the Sustainability Accounting Standards Board (SASB), which has been dedicated to enhancing the efficiency of the capital markets by fostering high-quality disclosure of material sustainability information that meets investor needs since 2011.

About Cornerstone

Founded in 2013, Cornerstone Capital Group is a financial services firm based in New York. The mission of the firm is to optimize financial performance and social impact through rigorous research and the systematic integration of Environmental, Social and Governance (ESG) factors into portfolio design. In offering investment advisory and strategic consulting services, Cornerstone works with individuals, family offices, foundations and endowments, corporations and other financial services providers, and promotes new research in the field of ESG analysis.

About the Task Force on Climate-related Financial Disclosures

On December 4, 2015, the Financial Stability Board (FSB) established the industry-led Task Force on Climate related Financial Disclosures (TCFD) with Michael R. Bloomberg as Chair, four Vice Chairs and 32 members in total. The TCFD was asked to develop voluntary, consistent climate-related financial disclosures for use by companies in providing information to lenders, insurers, investors and other stakeholders, which were published in the final TCFD Report on June 29, 2017. More information about the TCFD can be found at www.fsb-tcfd.org.

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Contact:

Betsy Emerson
646-930-4257
Betsy.emerson@cornerstonecapinc.com

Or

Jesse Tron
M Group Strategic Communications
jtron@mgroupsc.com
646-427-8516

NEW YORK, September 12, 2018 – Cornerstone Capital Group, a registered investment advisor that pursues financial returns alongside social impact by incorporating environmental, social and governance (ESG) analysis into portfolio design, today announced the release of a new research report, “Investing to Advance Racial Equity. The report analyzes how wealth inequality in the United States has resulted from structural racism dating back to the beginning of the republic – and provides solutions for addressing economic inequality through targeted investments.

The report assesses how investors can contribute to solutions for three of the main current components of wealth inequality: income inequality, home ownership and affordable housing, and access to capital.  Investors cannot, on their own, undo centuries of inequalities caused by structural racism, but they can help build a fairer and more just economy.

“As experts in impact investing, we have written this report as an attempt to provide tangible and practical options for those who wish to use their capital to help mitigate the ongoing effects of racial injustice in the United States,” said John Wilson, Head of Research and Corporate Governance at Cornerstone Capital Group. “If the current income and wealth gaps remain static, the overall pool of investment capital for entrepreneurship and home equity will be concentrated in fewer hands and sectors of the economy, which could cause social instability and major headwinds for future US economic growth.”

In the report, Cornerstone Capital Group evaluated how investments can help break the cycle of racial and ethnic wealth inequality. A few possible solutions include:

To download the report, visit: Investing to Advance Racial Equity.