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News

December 1, 2019

Mark Carney to lead UN effort to get finance industry to deal with risks of climate change

Mark Carney, a Canadian who headed the Bank of Canada from 2008-2013 and is currently the Governor of Bank of England "will lead a push by the United Nations to make the financial sector take full account of the risks posed by climate change, UN Secretary-General Antonio Guterres said on Sunday."

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November 19, 2019

Opinion: Climate Proofing Canada's Economy

"Canada cannot wait to establish the expertise required to navigate successfully to a low-carbon economy. If we delay, others will shape Canada’s economic future for us." The Globe and Mail published an opinion piece by Jim Leech, Chancellor of Queen’s University, former President and CEO of the Ontario Teachers'​ Pension Plan, and a member of the advisory board for the Institute for Sustainable Finance, and Sean Cleary, BMO Professor of Finance at Smith School of Business and the executive director of the Institute of Sustainable Finance.

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November 6, 2019

CPPIB increased its renewable-energy investments a hundredfold since 2016: Report

The Canada Pension Plan Investment Board’s (CPPIB) renewable-energy holdings topped $3 billion in June, more than doubling the assets it held in the sector a year earlier and up from $30 million in 2016. Along with its more than hundredfold increase in renewable-energy investment in just three years, CPPIB has started screening all new investments in its $400.6-billion portfolio for risks and opportunities linked to climate change, according to the pension fund’s latest report on sustainable investing.

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October 24, 2019

What if Financial Markets Just Can’t Cope with Climate Uncertainty?

Report on Business Magazine’s Big Idea series featured research by ISF Director of Research Ryan Riordan, which looked at how climate events, such as Hurricane Sandy, affect behavior on trading floors.

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September 30, 2019

The world needs a new, sustainable financial system to stop runaway climate change

"A new, sustainable financial system is under construction. It is funding the initiatives and innovations of the private sector and amplifying the effectiveness of governments’ climate policies—it could even accelerate the transition to a low-carbon economy. Unfortunately, like virtually everything about the response to climate change, this new sustainable financial system is not developing fast enough for the world to reach net zero."

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September 25, 2019

Choices made now are critical for the future of our ocean and cryosphere

The Intergovernmental Panel on Climate Change (IPCC) launched a special report highlighting the urgency of prioritizing timely, ambitious and coordinated action to address unprecedented and enduring changes in the ocean and cryosphere.

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September 23, 2019

Investors make unprecedented commitment to net zero emissions

In one of the boldest actions yet by the world’s largest investors to decarbonize the global economy, an alliance of the world’s largest pension funds and insurers – responsible for directing more than US$ 2.4 trillion in investments – committed to carbon-neutral investment portfolios by 2050. This commitment by the newly launched, United Nations-convened Net-Zero Asset Owner Alliance was announced at the UN Secretary-General’s Climate Action Summit, which brought together governments, companies and civil society to strengthen commitments and accelerate the implementation of the Paris Agreement on Climate Change.

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September 23, 2019

33 banks commit to immediate action towards aligning with global climate goals

To coincide with the UN Secretary-General’s Climate Action Summit, one day after the launch of the UN Principles for Responsible Banking , 33 of their signatories with over $13 trillion in assets announced a collective commitment to climate action. With this groundbreaking pledge, founding signatories of the Principles are taking tangible steps towards putting their commitment to align their business with international climate goals into practice.

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September 9, 2019

The Global Research Alliance for Sustainable Finance

The Global Research Alliance for Sustainable Finance (GRAFSI), a consortium of global research universities with expertise in the emerging field of sustainable finance, has confirmed Queen’s University as a member. The ISF is housed at Smith School of Business at Queen’s University in Canada. GRAFSI was founded in 2017 to support high-quality, multi-disciplinary academic research and collaboration to inform much-needed developments in the theory and practice of sustainable finance and investment with an aim to aligning the financial system with global environmental sustainability.

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June 16, 2019

Sustainable finance: Canada risks being left behind in low-carbon economy

Earlier this spring, the most in-depth analysis to date on Canada’s changing climate provided clear evidence that Canada is warming twice as fast as the global average. As we increasingly experience the physical impacts (flooding, extreme weather, forest fires), we will experience the financial impacts as well in the form of both increasing market risks and unprecedented investment opportunities.

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June 14, 2019

Expert panel on sustainable finance

The Canadian Expert Panel on Sustainable Finance, convened by the Minister of Environment and Climate Change Canada (ECCC) and the Minister of Finance, launched its final report. One of the panel’s main messages is calling on governments, regulators, and businesses to “consider these recommendations in charting Canada’s course toward a sustainable, prosperous, and resilient future.”

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