This is EDC’s second integrated annual report, covering both our financial and non-financial priorities. The report covers business activities for the 2019 calendar year at all EDC operations across Canada and around the world.
GRI Sustainability Reporting Standards
The CSR-related content in this report is based on the findings of our 2017 materiality assessment, which was conducted based on the recommended approach from the GRI Sustainability Reporting Standards. This report has been prepared in accordance with the GRI Standards: Core option. The GRI Standards Content Index, reviewed by the GRI, is available for download here.
This report also helps to demonstrate EDC’s commitment to the UN Global Compact through its alignment with the Sustainable Development Goals (SDGs), which are a key component of our CSR strategic framework and our commitment to taking action on climate change through our response to the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
CSR limited assurance
Each year, we undertake a limited assurance exercise using the services of an independent third-party auditor. For this report, we used Ernst & Young. This exercise not only provides stakeholders with insight into the reliability of key quantitative indicators used in this report, but also helps us better manage how we collect this data and measure our achievements. We select indicators based on a number of criteria, such as the need to improve our management processes, and areas where there is stakeholder interest. This year, we decided to assure indicators reflecting four material CSR areas of our performance:
The number of transactions that underwent human rights risk screenings in 2019
Our climate finance in developing countries
The number of transactions that underwent financial crimes enhanced due diligence
Equivalent number of Canadian jobs supported by the total value of exports and investments facilitated by EDC
We have used Assured to indicate assured information. The statement from our assurer is available here.
FinDev Canada Annual Report
Having been entrusted by the Government of Canada to create a Canadian Development Finance Institution (DFI), EDC launched FinDev Canada, a wholly owned subsidiary. Visit findevcanada.ca for more information, including FinDev Canada’s 2019 Annual Report.