Schulich Teams With Corporate Knights to Create National Climate Finance Index
26 Junio 2024 - 8:00AM
York University’s Schulich School of Business, the top ranked
school in Canada for sustainability, and Corporate Knights, one of
the world’s leading sustainable economy media and research
companies, are developing one of Canada’s first ever climate
finance indexes. The new national index will track and measure
corporate spending targeted at accelerating decarbonization
efforts.
As part of the process of developing the index, Corporate
Knights and Schulich will host a session on Wednesday, June 26
involving two dozen leaders from the building, transportation and
power sectors who will engage in a cross-sector approach at finding
ways to measure decarbonization. The session will take place in the
former TSX boardroom at Schulich’s downtown management centre and
will be moderated by Diane Fox Carney, a public
policy expert with a strong focus on energy and climate change.
Toby Heaps, CEO of Corporate Knights, called
the meeting a “gathering of Canadian industry leaders driving the
growth of Canada’s clean economy” and said the index being
developed will provide synthesis metrics showing actual annual
investments in climate solutions in relation to what is required to
decarbonize Canada’s transport, power and buildings sectors.
Olaf Weber, the CIBC Chair in Sustainable
Finance at Schulich, is spearheading the initiative on behalf of
the School. According to Professor Weber, the development of a
climate finance index “addresses the uncertainties around what
companies really do to achieve their climate goals.” Adds Weber:
“An index that addresses how much companies invest to achieve their
goals presents a more objective indicator than general
announcements in sustainability reports.”
The index will serve as a useful tool for companies to track and
measure their climate performance against peers within their
industries while also providing important information for
governments formulating public policy decisions around
decarbonization.
Following the meeting, Corporate Knights magazine will publish
the synthesis report detailing Canada's Climate Investment Gap and
will unveil the new Climate Finance Index, with index weightings by
sector to show Canada's climate investments versus requirements.
Sustainability experts at the Schulich School of Business will
provide in-depth analysis of the Climate Finance Index results.
About Schulich
Known as Canada’s Global Business School™, the Schulich School
of Business in Toronto is ranked #1 in Canada and among the world’s
leading business schools by a number of global MBA surveys,
including The Economist, Forbes, and QS. The Kellogg-Schulich EMBA
program is ranked #9 in the world by The Economist, #9 in the world
among joint programs by QS MBA, and #1 in Canada by the Financial
Times.
Global, innovative, and diverse, Schulich offers business
programs year-round at its state-of-the-art complex at York
University; at its Miles S. Nadal Management Centre located in the
heart of the Toronto’s financial district; and at its campus in
Hyderabad, India. The School also has strategic and academic
partnerships with a number of the world’s leading business schools
in North America, Europe, Asia, Africa and Latin America. Schulich
offers undergraduate, graduate, and postgraduate business degrees
that lead to rewarding careers in the private, public, and
nonprofit sectors, and has more than 35,000 alumni working in over
90 countries. The School pioneered North America’s first ever
cross-border Executive MBA degree, the Kellogg-Schulich Executive
MBA. The School has one of the largest portfolios of one-year,
specialized Masters programs of any business school in North
America. Schulich’s Executive Education Centre provides executive
development programs annually to more than 5,000 executives in
Canada and abroad.
For more information, please contact:
Sarah Hayward, Marketing and Communications CoordinatorSchulich
School of Business Email: shayward@schulich.yorku.ca
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