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Jan 28

The Math of Climate Change: Quantifying Climate-related Risk Disclosures

Webinar with Ben Gully, Janis Sarra and Alison Schneider

Organizations have been making efforts to manage and disclose climate-related risk since the Financial Stability Board’s Task Force on Climate-related Financial Disclosures (TCFD) developed a reporting framework in 2016. Now, there is new urgency to improve the completeness and consistency of the datas reported as discussion turns toward making climate risk disclosures mandatory. Join the C.D. Howe Institute on January 28 to hear an expert panel discuss managing climate related risks, improving reporting standards, and what Canadian organizations should be watching as standard setters advance their policies.

C.D. Howe Institute events and webinars are open to members and their guests.

Please follow this link or contact events@cdhowe.org to register.

Ben Gully, Assistant Superintendent, Regulation Sector, Office of the Superintendent of Financial Institutions (OSFI)

Ben Gully was appointed Assistant Superintendent of OSFI’s Regulation Sector, effective September 30, 2019.

In this executive role, Mr. Gully is responsible for OSFI’s policy-related functions, including capital, accounting, legislation and approvals. Internationally, he represents OSFI on the Basel Committee on Banking Supervision.

Mr. Gully moves into Regulation from his prior executive role as Assistant Superintendent, Risk Support Sector, where he oversaw the assessment of credit, market, and liquidity risks; non-financial risks, including people and technology risks; and risk surveillance and risk analytics since 2017.

Before his Executive appointment in 2017, Mr. Gully was Chief Risk Officer at the Australian Prudential Regulation Authority (APRA) where he was responsible for enterprise strategy and risk, performance and quality assurance.

Prior to that, Mr. Gully spent 14 years at OSFI where he held senior roles with increasing responsibility, including as the head of large bank supervision. He played a lead role in developing OSFI’s supervisory practices in the areas of stress testing, risk management and risk analytics.

Before joining OSFI, he worked at the Bank of England in the area of financial stability.

Mr. Gully holds a Doctorate in economics and a Master of Arts degree (Honours) from the University of St. Andrews, and a Master of Science degree in economics from the University of Glasgow.


Janis Sarra, UBC Distinguished Professor of Law and Former Founding Director of the National Centre for Business Law, Peter A. Allard School of Law, University of British Columbia

Dr. Janis Sarra served as UBC Presidential Distinguished Professor from 2014 to 2019, an appointment by the President to recognize a faculty member that has made outstanding contributions as a scholar and academic leader. Prior to this appointment, Dr. Sarra served as Director of the Wall Institute for Advanced Studies at UBC. Dr. Sarra is Professor of Law at the Peter A. Allard School of Law and founding Director of the National Centre for Business Law. She served as Associate Dean of the Allard School of Law until 2007, with oversight of development, strategic planning, alumni relations and communications. Dr. Sarra is the Principal Co-investigator of the Canada Climate Law Initiative, a research collaboration between UBC and York University and is Canadian investigator of the Commonwealth Climate and Law Initiative at Oxford University.

Dr. Sarra’s research and teaching interests are in the areas of corporate finance,  climate-related financial risk and corporate governance, banking law, securities law, contracts, commercial insolvency law and law and economics. In 2004, she was awarded the title of Distinguished University Scholar for her scholarship in corporate and securities law.  She has published ten books and more than one hundred refereed articles in climate governance, corporate finance, corporate governance and management, securities law and commercial insolvency law.

Dr. Sarra also served as Senator of the University of British Columbia from 2003 to 2008. She is a board member of the International Insolvency Institute and a director of Assuris. She was previously Director of the Canadian Insolvency Foundation,  a director of the Canadian Insolvency and Restructuring Professionals Association and on the board of the British Columbia Law Institute.  For more than twelve years, Dr. Sarra served as a commercial arbitrator and labour mediator/arbitrator.  Dr. Sarra previously served as Vice-Chair of the Ontario Pay Equity Hearings Tribunal, as well as Vice-Chair of the Canadian Social Assistance Review Board. She holds five degrees from the University of Toronto in Political Science, Economics and Law.  She pre. Iviously taught at the University of Toronto Faculty of Law and the Ryerson University School of Business. Former posts also include Board Member, Ontario Labour Relations Board, Senior Research Associate Ontario Legislative Assembly and Executive Assistant, Metropolitan Toronto Municipal Council, and Research Associate, Health Advocacy Unit.

Dr. Sarra’s contributions to public policy development include: member of the Canadian delegation of the United Nations Commission on International Trade Law (UNCITRAL) Working Group V, 2008-2020, Vienna and New York; World Bank Insolvency and Creditors Rights Task Force, Working Group on Insolvency of Non-Bank Financial Institutions, 2009, Washington, DC; Experts Committee, Expert Witness, Senate Committee on Banking Trade and Commerce, Review of Insolvency Legislation, February, 2008, Ottawa; Member, Ontario Attorney General's Interministerial Task Force on Administrative Tribunals.

Recent books include From Ideas to Action: Governance Paths to Net Zero (forthcoming Oxford University Press, 2020); Predatory Lending and the Destruction of the African-American Dream, with Cheryl Wade (Cambridge University Press, 2020); Rescue! (Carswell Thompson, 2014); The 2020 Annotated Bankruptcy and Insolvency Act, (Carswell Thomson, 2020); Securities Law in Canada, Cases and Commentary, with M. Condon, A. Anand and S. Bradley (Emond Montgomery, 2017); Director and Officer Liability in Corporate Insolvency, with R.B. Davis (Butterworths, 2010); The Treatment of Employee Wage and Pension Claims in Insolvency, A Comparative Study of 62 Jurisdictions (Thomson Reuters, 2008), Business Organizations: Principles, Policy and Practice (Emond Montgomery, 2008), with R. Yalden et al; Creditor Rights and the Public Interest, Restructuring Corporations (University of Toronto Press, 2003). Dr. Sarra was editor and contributing author of An Exploration of Fairness: Interdisciplinary Inquiries in Law, Science and the Humanities (Carswell, 2013) and A Voice for Many (2012). She served as Editor in Chief of the Annual Review of Insolvency Law, Canada’s leading refereed annual volume of insolvency law theory, policy and practice for 16 years; and was editor in chief and contributing author of Corporate Governance in Global Capital Markets (UBC Press, 2003).


Alison Schneider, Vice President, Responsible Investment, Alberta Investment Management Corporation (AIMCo)

Alison is Vice President, Responsible Investment at Alberta Investment Management Corporation based in Alberta, Canada. Alison co-chairs the Shareholder Responsibility Committee (SHREC) of ICGN, is a co-founder of GRESB Infrastructure and chairs its standards board. She sits on committees for PRI, G7 ILN (climate action), CCGG and SASB, and participates in working groups dedicated to the development of sustainable taxonomies for Canada (CSA Group) and globally (ISO-TC 322.) Alison is a published author:  The New Frontiers of Sovereign Investment (2017) and co-authored ICGN’s Guidance on Diversity (2016) and ICGN’s Guidance on Fiduciary Duty (2018). She delivers RI related modules for the Institute of Corporate Directors, the Canada Climate Law Initiative and the ILN’s Sustainable Infrastructure Fellowship. Alison has spoken on RI at the United Nations & events for PRI, RIA, ICGN, Globe, FEI, CFA, CPA, IREI, CCLI & Cambridge, amongst others.  

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