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ISF congratulates the 2024-25 McCall MacBain CSFN Sustainable Finance Fellows

September 25, 2024

The Institute for Sustainable Finance (ISF) is proud to announce the recipients of two fellowships awarded to talented Master’s students at Canadian universities, to pursue research interests in sustainable finance. This year, fellowship funds will support work expected to make important advancements in how we understand corporate climate reporting and ESG scoring.

“It’s essential to ISF’s mission to help develop talented young researchers who have a passion for sustainability, exemplified by this year’s fellowship recipients,” said Smith School of Business Associate Dean, Research, Laurence Ashworth. “We congratulate Jason and Joseph and wish them the best in their studies this coming year. It was the most competitive year yet for applications, and they were very well deserving candidates.”

“We believe that everyone benefits when bright young scholars are given the resources they need to meet their potential,” said Alexandra Conliffe, CEO of the McCall MacBain Foundation. “We are delighted to support emerging leaders working on solutions for a sustainable future. We look forward to Jason and Joseph’s important work.”

McCall MacBain CSFN Sustainable Finance Fellowships

The McCall MacBain CSFN Sustainable Finance Fellowships are awarded to Master’s candidates enrolled in a research-based finance, economics or business graduate program in a Canadian Sustainable Finance Network partner university with a demonstrated research interest in sustainable finance. The award of $15,000 for each fellowship is funded by the McCall MacBain Foundation with the aim of developing talent in sustainable finance and advancing Canada’s transition to a sustainable economy. The recipients of the fellowships for 2024-25 are:

Jason Pang, Master's of Science in Sustainability Management Candidate, University of Toronto

Jason's research will provide critical insights into the state of climate reporting across Canadian banks and credit unions. By analyzing each institution's practices, his work will highlight the best climate-related reporting efforts while identifying key industry challenges and opportunities. This research aims to advance Canada’s sustainable finance objectives and guide corporations in recognizing emerging risks and opportunities related to climate, offering valuable data to shape the future of corporate climate reporting. 

Joseph Scarfone, MES Sustainability Management Candidate, University of Waterloo

Informed by his industry experiences navigating the legitimacy of ESG scores, Joseph's research strives to better understand how firm choices influence ESG scores in order to separate direct and indirect effects. Joseph's research strives to apply an econometric style approach to analyzing ESG scores by isolating the impacts of publicly listed firm sustainability reporting frameworks on ESG scoring while controlling for factors like firm size, industry, and reporting year.

About the Institute for Sustainable Finance

ISF was launched in 2019 as a Canadian-specific hub of expertise and collaboration for advancing sustainable finance. Housed at Smith School of Business, Queen’s University, ISF is independent and non-partisan. It focuses on developing research, education, and collaborations among academia, industry and government to improve Canada’s capacity for sustainable finance as the shift to a low-carbon economy occurs. ISF’s work is generously supported by The Ivey Foundation (inaugural supporter), McConnell Foundation, McCall MacBain Foundation, Chisholm Thomson Family Foundation, Smith School of Business, Queen’s University and Founding Contributors BMO, CIBC, RBC, Scotiabank and TD Bank Group.

About the McCall MacBain Foundation

The McCall MacBain Foundation’s mission is to improve the welfare of humanity by providing scholarships and other educational opportunities that nurture transformational leadership, and by investing in evidence-based strategies to address climate change, preserve our natural environment, and improve health outcomes. Since 2007, the Foundation has supported world-class, leadership-focused scholarship programs globally, including the McCall MacBain Scholarships at McGill, the Loran Scholarships, and the Rhodes Scholarships. The Foundation also funds sustainability-focused leadership opportunities at the University of Melbourne, Australia and at the University of Birmingham, UK. 

Media Contact

David Watson
Associate Director, Communications, Institute for Sustainable Finance
david.watson@queensu.ca
C: 613.796.3605