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 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
10 Years On – The Story Behind the Numbers. Read more in our 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
Pablo de la Flor
Pablo de la Flor is Vice-President, Corporate Affairs at Banco Crédito del Perú. He was VP of Corporate and Environmental Affairs at the Antamina Mining Company in Peru, where he was also responsible for the Antamina Voluntary Fund. Mr. de la Flor previously served as Vice-Minister of International Trade and Chief Trade Negotiator for the Government of Peru, and has also served as Program Officer at the Ford Foundation and International Economist at the First National Bank of Chicago. Pablo holds a Masters in Public Administration from Harvard University, a Master of Arts from Yale University, and is a PhD(C) in Political Science from the University of Chicago.
Gordon Lambert is the Suncor Sustainability Executive in Residence at the Ivey School of Business, and President of GRL Collaboration for Sustainability Inc. He is also Board Chair of the Carbon Management Canada Research Institutes, serves on the Board of the Climate Change Forum, and is a member of the Advisory Board to the Network for Business Sustainability, a global network of researchers, at the Ivey School. He retired after a long career with Suncor Energy where he last served as Executive Advisor on Sustainability and Innovation, and as the Suncor representative for Canada's Oil Sands Innovation Alliance (COSIA). Mr. Lambert holds a Bachelor of Science degree in Marine Biology from the University of Guelph and is an alumnus of the Ivey Executive Program.
Marie-Lucie Morin was Executive Director for Canada, Ireland and the Caribbean at the World Bank from 2010 to 2013. She previously held senior positions in the Government of Canada including National Security Advisor to the Prime Minister and Associate Secretary to the Cabinet, Deputy Minister of International Trade, Associate Deputy Minister of Foreign Affairs as well as Chief Trade Commissioner. Ms. Morin acquired extensive international experience during postings to San Francisco, Jakarta, London and Moscow. She was Ambassador to Norway and Iceland from 1997 to 2001. Ms. Morin, a corporate director, is a member of the Security and Intelligence Review Committee, she recently served as advisor for the Transportation Act Review.
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 Québécois 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.
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.
Christa Wessel provides advice and support to Boards of Directors and senior leaders in the areas of reputation, culture and ethics. Ms. Wessel leverages her experience as an executive for McCain and Siemens, where she held chief accountability for the governance and compliance, legal, human resources and stakeholder engagement portfolios. Ms. Wessel has been consulted by government and international organizations regarding Canada's position on corruption and bribery. She currently serves as a member of the Board of Directors of Lallemand Inc., Hamilton Utilities Corporation, Horizon Utilities Corporation and Waypoint Centre for Mental Health Care. Ms. Wessel is also a faculty member at The Directors College and lectures at Ryerson University.
Dr. Wheeler is President and Vice-Chancellor of Cape Breton University. He is an internationally experienced academic and business person with more than two decades of senior executive level involvement in change management and sustainable business practice, research and teaching. David was previously Pro Vice-Chancellor (Sustainability) and Executive Dean of Business at the University of Plymouth, United Kingdom (UK).
Dr. Wheeler continues to pursue his interest in the role of the private sector in international development which has been built on major projects undertaken for the World Bank, the United Nations Development Program, the Canadian Development Agency, the International Development Research Centre and the UK Department for International Development.
Advisory Council Meetings - Summary of Proceedings and Terms of Reference
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.