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CIBC and York University’s Schulich School of Business are launching a research chair focused on sustainable finance.

With a $1.25 million commitment from the bank, the Schulich School announced the creation of the CIBC Chair in Sustainable Finance to undertake research into the financial sector’s growing sustainable investment needs.

The new post will “help bridge the gap between academia and industry in areas such as green energy transition, the low carbon economy, and the political, regulatory and governance challenges of a sustainable financial system,” the Schulich School said.

“The new CIBC Chair will undertake groundbreaking research that will help guide businesses and policy makers in their efforts to shift to a low-carbon economy,” said Detlev Zwick, dean of the Schulich School of Business, in a release.

“The CIBC Chair will also address the unmet need for the education and training of industry practitioners in the rapidly growing field of sustainable finance,” he added.

“With new and intensifying environmental challenges, we recognize that the best path forward is working with stakeholders to enable solutions that shape a more sustainable future,” said Roman Dubczak, managing director and head of global investment banking at CIBC Capital Markets, in a release.