Corporate Social Responsibility
Delivering value for our customers also involves carrying out business in the socially responsible manner that Canadians expect. For us, Corporate Social Responsibility (CSR) is more than just compliance with policy or regulations - it is the integration of values such as honesty, respect, fairness and integrity into our daily business practices. We believe that good business - adopting and embracing these principles while we facilitate trade for Canadian investors and exporters - is good for business.
Defining CSR at EDC
As a Crown corporation owned by the Government of Canada, we are expected to fulfill our mandate in a responsible manner that reflects the values of Canadians. This means taking into account the impacts — both environmental and social — of the business that we support, as well as the expectations of our stakeholders: our customers, our employees, the Government of Canada, civil society and the media. We continuously monitor these expectations and our CSR strategy reflects the wide range of initiatives that we have put in place to meet them.
To frame CSR within the Corporation, we look to the principal components that comprise CSR at EDC. These are: Business Ethics, Environment and Social Review, Transparency, Community Investment and Employee Engagement. These components or 'pillars' help us segment what defines CSR for EDC.
CSR videos and resources
CSR is a key component to realizing our goal as a trusted partner to our financial services peers and customers. To learn how we’ve evolved our CSR program over the years, see Key CSR Milestones.
In 2014, we were identified as the seventh top sustainability performer in Canada, according to the Future 40 Responsible Corporate Leaders by Corporate Knights.
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CSR Annual Report
Where Opportunity Meets Best Practice. Read more in our 2013 Corporate Social Responsibility Annual Report.
Read about our partnership with CARE Canada and our volunteers in Peru, Zambia and India
Corruption is a serious crime that distorts international trade. Test your knowledge.
Management and Governance of CSR
CSR Advisory Council
To ensure we continually improve our social responsibility practices, we created a Corporate Social Responsibility Advisory Council of prominent experts to advise on and guides our CSR practices.
Advisory Council Members
Maureen O’Neil (Advisory Council Chair)
Maureen O’Neil is President and CEO of the Canadian Foundation for Healthcare Improvement. Ms. O’Neil is also a member of the International Board of Governors of the Centre for International Governance Innovation and has been Chair of the Board of the International Centre for Human Rights and Democratic Development, Chair of the Board of Governors of Carleton University and President of The North-South Institute. Ms. O’Neil is Chair of the Board of the UN Research Institute for Social Development and former Chair of the International Institute for Environment and Development.
Deanna Rosenswig, a Board Director, was the founding President and Chief Executive Officer of the MasterCard Foundation, and co-authored the Canadian best seller, Dreams Have No Expiry Date. She was a career banker and Executive Vice President of the Bank of Montreal. She is a former Director of Empire Life, The Dominion of Canada General Insurance Company, Mount Pleasant Cemetery Group, The Ontario Film Development Corporation, Sunnybrook Hospital, Sick Kids Hospital and Women's World Banking. She is an advocate for social entrepreneurship and for microfinance institutions which help low income people become self-sufficient and self-sustainable.
Jean-Louis Roy, President of Partenariat International and visiting scholar at the Université de Montréal, is the former president and CEO of the International Centre for Human Rights and Democratic Development (Rights and Democracy). He serves on several boards of directors, including the Centre de la francophonie des Amériques, CRC Sogema, la Fondation des parlementaires québecois and the Montreal Council on Foreign Relations.
David Runnalls is a Distinguished Fellow of the Centre for International Governance Innovation, a Fellow of Sustainable Prosperity, Visiting Professor at the Institute for Environment (University of Ottawa), a member of the Trade and Investment Task Force of the China Council for International Cooperation on Environment and Development, and a member of the Board of the Pembina Institute. He previously served as President of the International Institute for Sustainable Development, Chair of the International Centre for Trade and Sustainable Development, Co-Chair of the China Council Task Force on WTO and Environment, a member of the Council for Sustainable Development Technology Canada; and a member of the Committee for the Business Network for Sustainability.
Mr. Jean-Claude Villiard is retired following a distinguished career as a public servant. He currently serves as an Associate Professor at the École nationale d'administration publique (Université du Québec). Mr. Villiard was a Senior Advisor at the Privy Council Office having previously held senior positions in government, as well as industry, including Deputy Minister of Industry Canada, President and CEO of Canada Mortgage and Housing Corporation and SNC Lavalin.
Ed Waitzer is a senior partner and former Chair of the law firm Stikeman Elliott LLP. He has also served as Vice President of the Toronto Stock Exchange and Chair of the Ontario Securities Commission. In July 2007, he was appointed a Professor and the Jarislowsky Dimma Mooney Chair in Corporate Governance at York University's Osgoode Hall Law School and Schulich School of Business. He also serves as Chair of the Liquor Control Board of Ontario.
David Zussman is the first recipient of the Jarislowsky Chair in Public Sector Management at the University of Ottawa. Mr. Zussman is the former President of the Public Policy Forum and a former Dean of the University of Ottawa School of Management. He has held various senior positions in the federal government of Canada, such as Assistant Secretary to the Cabinet for Program Review and Machinery of Government, and was a former Commissioner of the Public Service Commission of Canada.
Advisory Council Meetings - Summary of Proceedings
The Compliance Officer role was created to enhance our transparency and accountability regarding the public disclosure of information, internal disclosure of wrongdoing, environmental reviews, human rights practices and business ethics.
CSR Strategic Priorities
Based on an environmental scan of our industry, we have identified three strategic priorities: climate change (including clean technology), human rights and transparency. These were approved by EDC’s executive management and drive the Corporation’s CSR focus.
EDC’s Board of Directors provides oversight for the Corporation’s overall CSR orientation. CSR initiatives are overseen on a daily basis by a Chief CSR Advisor who provides strategic direction.