GRI Academic Research Grants

Climate Risk and Sustainable Finance Call for Proposals

Submission deadline: Tuesday June 9, 2020

Funding Proposal Submission Guidelines

The Global Risk Institute in Financial Services (GRI) is the premier organization that defines thought leadership in risk management for the financial industry. It brings together leaders from industry, academia, and government to draw actionable insights on emerging risks. The GRI research grants support academic projects that make material contributions to priority topics for GRI’s financial institution member base. Grants are designed for academics from a range of risk, finance and climate related disciplines such as accounting, business, economics, environment, finance, law, management, psychology, sociology, natural sciences and others.

Grant Details

GRI grants are for new or early-stage research projects with a time horizon of one to two years. GRI is seeking original research that practically addresses one of the priority themes outlined below. Research should demonstrate academic rigour, research excellence, and practical applicability in the financial sector. Strong preference will be given to submissions with at least one researcher at a Canadian academic institution. Proposals from research teams outside of Canada should demonstrate clear relevance to the Canadian financial services market.

Research output from GRI funded projects will be shared with GRI member organizations and the wider sustainable finance and climate risk community in Canada and beyond. Researchers may be invited to present at an event at the conclusion of their work. Distribution of research output does not preclude subsequent publication of the work in a journal of the researcher's choice. Successful applicants will be required to submit bi-annual research reports and annual financial reports. Funding ranges from CAD$20,000 to CAD$60,000 per year, and maximum allowable overhead per project is 20 percent.

Priority Themes

The GRI Research Grants will support academic projects that are aligned with any of the following themes. Where appropriate, proposals should additionally be inspired by the report “Mobilizing Finance for Sustainable Growth. Final Report of the Expert Panel on Sustainable Finance.”

  1. Climate change, credit risk and housing finance
  2. Sizing the financial risk of carbon price and policy uncertainty
  3. Sustainable finance market innovation
  4. Climate change and pension funds – grant with the National Pension Hub

Submission Process

All submission packages should be sent to Alyson Slater: with the subject line “GRI Climate Risk and Sustainable Finance Proposal Submission: Last Name of Project Lead”. Each submission package must include:

1. Completed Application Form: This form should be filled out in a clear and concise manner and should be treated as a standalone document that conveys all requested information.
2. Detailed Project Proposal: This should introduce the project, detailing both the scientific and industry-specific motivations for the research. Briefly lay out the proposed methodology, highlight how this work fills existing gaps in the literature, and comment on the expected outcome. Explicitly state how the work will benefit the Canadian financial sector. The proposal should also include a timeline and not exceed six pages excluding references and appendices.
3. Project budget: The proposal must include a detailed budget.
4. CV(s) of lead researcher(s)

Application Deadline and Review Process

Awards will be determined by GRI’s leadership team with inputs from a committee comprised of financial institutions and academics. The 2020 submission deadline is Tuesday June 9, 2020. Applicants will be notified directly as to the final funding decision by Friday July 10, 2020. 

Download the Call for Proposal Package and Application Form for more information.