Events Overview page

1st Annual Canadian Sustainable Finance Network
(CSFN) Conference

Wednesday, October 21
3:00-5:00

Graduate Student Session

Moderators:
  • Yrjo Koskinen, Associate Dean of Research and Business Impact, Professor of Finance, Haskayne School of Business, University of Calgary
  • Kai Li, Professor, Finance Division, Senior Associate Dean, Equity and Diversity, Sauder School of Business, University of British Columbia
  • Ryan Riordan, Director of Research, Institute for Sustainable Finance, Associate Professor and Distinguished Professor of Finance at Smith School of Business, Queen’s University
Grad Student Presenters / Topics:
  • Pedro Alguindigue, University of Waterloo “Macroprudential Implications of Sustainable Regulations in the Banking Sector”
  • Majid Mirza, University of Waterloo “Private Equity and the Sustainable Development Goals (SDGs)"
  • Neal Willcott, Queen’s University “Literature Review on Sustainable Finance"
  • Sep Pashang, University of Waterloo “An Empirical Analysis of ESG Ratings, Public Sentiment, and Financial Performance of Canadian Firms during the COVID-19 Pandemic"
  • Truzaar Dordi, University of Waterloo “Network Analysis of Equity Ownership in Canada's Fossil Fuel Industry"
Thursday, October 22
10:00-11:30am

Academic Research Paper Session #1: ESG and CSR Related Issues

Moderator:
  • Claudia Champagne, Vice Dean of Research, Professor of Finance, Université de Sherbrooke
Presenters:
  • Greg Hebb, Professor of Finance, Rowe School of Business, Dalhousie University “Does Responsible Investing Pay? The Case of the Jantzi Social Index”
  • Guangli Lu, Assistant Professor, Chinese University of Hong Kong “National Culture and the Value Implications of Corporate Social Responsibility: A Channel Analysis”
  • Adeboye Oyegunle, University of Waterloo “Beyond ESG: Banks evolving focus on Climate Risks Disclosure and Scenario Analysis”
  • Jurian Hendrikse, Tillburg University, Netherlands “ESG Didn’t Immunize Stocks Against the COVID-19 Market Crash”
12:30-1:30pm
Keynote Speaker:
Moderator:
  • Jim Leech, Chancellor of Queen’s University, Chair of Institute for Sustainable Finance Advisory Board
2:00-3:00pm

Sustainable Finance Developments in Canada #1

Moderator:
  • Andrea Moffatt, Vice President, Ivey Foundation
Panelists:
  • Ryan Riordan, Director of Research, Institute for Sustainable Finance, Associate Professor and Distinguished Professor of Finance, Smith School of Business, Queen’s University “Capital Mobilization Plan for Canada (CMP)”
  • Richard Florizone, President and CEO,International Institute for Sustainable Development (IISD)
  • Ralph Torrie, Founder and President, Torrie Smith Associates “Building Back with a Bold Green Recovery”
3:30-4:45pm

Education Session - Integrating Sustainable Finance (SF) into Mainstream Finance Curriculum and SF Skills for Grads

Moderator:
  • Basma Majerbi, Associate Professor of Finance, Gustavson School of Business, University of Victoria
Panelists:
  • Amr Addas, Director, Van Berkom Investment Management Program John Molson School of Business, Concordia University
  • Caroline Laberge, Senior Advisor, Stewardship Investing, Caisse de dépôt et placement du Québec
  • Christie Stephenson, Executive Director, Peter P. Dhillon Centre for Business Ethics, Sauder School of Business, University of British Columbia
  • Vikas Mehrotra, A. F. (Chip) Collins Professor of Finance and Jarislowsky Fellow, School of Business, University of Alberta
Friday, October 23
10:00-11:30am

Academic Research Paper Session #2 – Sustainable Finance Issues

Moderator:
  • Greg Hebb, Professor of Finance, Rowe School of Business, Dalhousie University
Presenters:
  • Najah Attig, Professor of Finance, Canada Research Chair in Finance, Saint Mary’s University “When Silence is Golden: Greenwashing and the Cost of Private Debt”
  • Xing Liu, Sauder School of Business, University of British Columbia “The Role of Corporate Culture in Bad Times: Evidence from the COVID Pandemic”
  • Shuai (Kevin) Yang, Haskayne School of Business, University of Calgary “If You Want to Maximize Profits, Manage for the Long-term”
  • Jim Whitestone, Chief Environmental Officer and Chief Economist at Convergence.tech “The Role of Digital Technologies in Unlocking the Potential of Green and Transition Bonds to Finance Canada’s Low Carbon Transition and Green Recovery”
12:30-1:30pm
Keynote Speaker:
  • Andrew Karolyi, Harold Bierman Jr. Distinguished Professor of Management, Deputy Dean and Dean of Academic Affairs, SC Johnson College of Business, Cornell University
2:00-3:00pm

Sustainable Finance Developments in Canada #2

Moderator:
  • Amy West, Managing Director, Global Head of Sustainable Finance and Corporate Transitions, TD Securities
Panelists:
  • Peter Johnson, Director, Environmental and Social Risk and Opportunity, Bank of Nova Scotia, and Chair of the CSA Technical Committee for a Green Taxonomy for Canada “Update from the CSA Technical Committee for Transition and Sustainable Finance”
  • Carol Hansell, Senior Partner at Hansell LLP “Putting Climate Change Risk on the Boardroom Table”
  • Rachel Samson, Clean Growth Research Director, Canadian Institute for Climate Choices “11 Ways to Measure Clean Growth”
ISF launch

The United Nations’ Intergovernmental Panel on Climate Change (IPCC) 2018 report shows that without significant action over the next 12 years, we are facing dire long-term consequences due to climate change. It is universally accepted that finance plays a critical role in achieving the transition to a clean economy, and that it will require significant collaboration of academics, educators and private sector representatives.

The conference will bring together academics from the CSFN, other like-minded academics, and financial industry participants to discuss the latest innovations in sustainable finance research and education. The conference presents an opportunity to discuss both current and challenging issues related to sustainable finance development in Canada. Ultimately, the goal of the conference is to serve as a platform for discussions that will support the transition of Canada’s financial system to one in which sustainable growth is engrained in everyday policy decisions and business practices.

Mark Carney

Mark Carney

Mark Carney is currently the UN Special Envoy for Climate Action and Finance and Prime Minister Johnson’s Finance Adviser for COP26.

Mark was previously Governor of the Bank of England (from 2013 to 2020), and Governor of the Bank of Canada (from 2008 to 2013).

Internationally, Mark was Chair of the Financial Stability Board (from 2011 to 2018), He chaired the Global Economy Meeting and Economic Consultative Committee of the Bank for International Settlements (from 2018-2020) and was First Vice-Chair of the European Systemic Risk Board (from 2013-2020). He is Vice Chair of Brookfield Asset Management and a member of the Global Advisory Board of PIMCO, the Group of Thirty, the Foundation Board of the World Economic Forum, as well as the boards of Bloomberg Philanthropies, the Peterson Institute for International Economics and the Hoffman Institute for Global Business and Society at INSEAD.

Mark was born in Fort Smith, Northwest Territories, Canada in 1965. After growing up in Edmonton, Alberta, he obtained a bachelor degree in Economics from Harvard and masters and doctorate degrees in Economics from Oxford.

After a thirteen-year career with Goldman Sachs, Mark was appointed Deputy Governor of the Bank of Canada in 2003. In 2004, he became Senior Associate Deputy Minister of Finance. He held this position until his appointment as Governor of the Bank of Canada in February 2008.

George Karolyi

Andrew Karolyi

Andrew Karolyi is Professor of Finance and holder of the Harold Bierman Jr. Distinguished Professorship in Management at Cornell University’s SC Johnson College of Business. He also holds an appointment as Professor of Economics in Cornell’s College of Arts and Sciences. He currently serves as Deputy Dean and Dean of Academic Affairs. He joined Cornell University in 2009 after having taught for 19 years at Ohio State University.

His research specializes in the area of investment management with a focus on the study of international financial markets. He has published extensively in journals in Finance and Economics, including the Journal of Finance, Journal of Financial Economics and Review of Financial Studies, and has published several books and monographs. His book, Cracking the Emerging Markets Enigma (Oxford University Press), was published in 2015.

He is a past recipient of the Michael Jensen Prize for Corporate Finance and Organizations, the Fama/DFA Prize for Capital Markets and Asset Pricing, and the William F. Sharpe Award for Scholarship in Finance. In 2017, he was elected as a Fellow of the Financial Management Association International. He is a Fellow of the Cornell Atkinson Center for Sustainability and Senior Fellow of the Asian Bureau for Finance and Economic Research.

Professor Karolyi served as Editor and then Executive Editor of the Review of Financial Studies from 2011 to 2018, one of the top tier journals in Finance. He is a past president of the Western Finance Association, past president and trustee of the Financial Management Association, and formerly a member of board of directors of the American Finance Association.

Professor Karolyi received his Bachelor of Arts (Honors) in Economics from McGill University in 1983 and worked at the Bank of Canada for several years in their Research Department. He subsequently studied for his MBA and PhD degrees in Finance at the Graduate School of Business of the University of Chicago.