Transparency
We strive for balance between public accountability and respect for customer confidentiality.
EDC is accountable to numerous stakeholders including its shareholder (the Government of Canada), customers, employees and the larger domestic and international community. EDC strives to conduct its business in a transparent manner, in order to maintain the trust and confidence of all its stakeholders, while protecting the commercially confidential interests of its customers.
Disclosure Practices
Compliance Officer Program
Stakeholder Engagement
CSR Advisory Council
Examinations by the Auditor General of Canada
Annual Public Meeting
Disclosure Practices
EDC recognizes that disclosure of information is critical for demonstrating accountability and public awareness of, and confidence in, the execution of its mandate. EDC discloses information on financing, political risk insurance to lenders, and equity transactions.
Compliance Officer Program
The Compliance Officer enhances accountability in areas such as environmental review and business ethics, by acting as an independent body to respond directly to public concerns.
Stakeholder Engagement
As part of our strategy to engage and dialogue with external stakeholders on issues of mutual concern, EDC regularly holds public consultations, as well as dialogue and information sessions with interested parties.
Public consultations are held to solicit the opinions of informed external stakeholders on proposed policy changes. Most recently, public consultations were convened around the Disclosure Policy (PDF Format) and the Environmental Review Directive. To ensure neutrality, EDC contracts an independent third party to organize and conduct these consultations. Participants represent a cross-section of stakeholders from customers to non-governmental organizations and experts in the relevant topics.
Dialogue and information sessions constitute part of EDC’s stakeholder engagement strategy to inform interested external stakeholders about EDC practices or policies. Participation is limited to those with a demonstrated interest in the subject to be addressed.
- EDC-IFC Workshop on Managing Environmental & Social Performance, February 28, 2009
- Workshop on mining in Peru, May 22, 2008
- Workshop on Mining in the Democratic Republic of the Congo, May 24, 2007
CSR Advisory Council
As part of its effort to continually improve its CSR practices, EDC has created a CSR Advisory Council of prominent leaders to provide advice and guidance to EDC on matters related to evolving CSR practices.
Examinations by the Auditor General of Canada
The Auditor General of Canada conducts an audit of EDC every year, and a comprehensive special examination of EDC every at least once every 10 years.
Annual Public Meeting
As a way to hear from members of the public, the Annual Public Meeting will open up dialogue between EDC and various stakeholders.
