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.”