Institute for Sustainable Finance
In late 2019, the Foundation supported the launch of the Institute for Sustainable Finance (ISF). Housed at the Smith School of Business, Queen’s University, the ISF brings together academia, the private sector, and government to increase Canada’s sustainable finance capacity. The finance sector is a critical lever for orienting resources towards a sustainable future.
In September, 2020, the ISF launched a landmark research study – The Capital Mobilization Plan for a Canadian Low Carbon Economy. For the first time, it mapped out, by sector and region, the capital Canada needs to allocate to reach the “Paris climate goals” it committed to globally for 2030. The development of The Capital Mobilization Plan for a Canadian Low Carbon Economy was a foundational recommendation from Canada’s Expert Panel on Sustainable Finance, appointed by the federal Ministers of Finance and of Environment and Climate Change, in 2018. It represents the first critical effort to close the knowledge gap around the scale of Canada’s low carbon investment need and opportunity.
In addition, the McCall MacBain Foundation’s donation has created graduate scholarships to attract new talent towards sustainable finance.