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