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57% 

reduction in exposure to our six most carbon-intensive sectors since 2018

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321

non-project transactions underwent enhanced human rights risk screenings

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75%

of EDC directors hold a Competent Boards ESG designation



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ESG performance

In 2022, we continued to advance our ESG strategy and developed an ESG scorecard that provides a snapshot of our performance. We also updated our ESG policies, refreshed our materiality assessment and set 2030 science-based climate targets for the airlines and oil and gas sectors.

 Learn more

ESG performance

In 2022, we continued to advance our ESG strategy and developed an ESG scorecard that provides a snapshot of our performance. We also updated our ESG policies, refreshed our materiality assessment and set 2030 science-based climate targets for the airlines and oil and gas sectors. 

Learn more

A man standing on a rocky mountain overlooking a lake.
Offshore wind turbines at sunrise.

 

Review of policies

Climate change, human rights, corporate governance and other non-credit-related risks can affect the sustainability and reputation of a business, and the well-being of individuals and communities. As part of a comprehensive review of our Environmental and Social Risk Management (ESRM) Policy Framework, we engaged extensively with our stakeholders in 2022.  

Learn more

Review of policies

Climate change, human rights, corporate governance and other non-credit-related risks can affect the sustainability and reputation of a business, and the well-being of individuals and communities. As part of a comprehensive review of our Environmental and Social Risk Management (ESRM) Policy Framework, we engaged extensively with our stakeholders in 2022. 

Learn more

Young Asian non-binary person in casual attire working from home in living room

 

Sustainable finance

The shift to a more sustainable, equitable economy will take significant investment. Sustainable finance can support businesses as they pursue net zero emissions, and can influence environmental and social change on a broader scale. Over the course of 2022, we:

  • Grew our experience and knowledge
  • Allocated dedicated resources and expertise 
  • Developed and released a Sustainable Bond Framework
  • Launched our Sustainable Financing Guarantee with three partner financial institutions
  • Set near-term targets related to sustainable finance

Learn more

Sustainable finance

The shift to a more sustainable, equitable economy will take significant investment. Sustainable finance can support businesses as they pursue net zero emissions, and can influence environmental and social change on a broader scale. Over the course of 2022, we:

  • Grew our experience and knowledge
  • Allocated dedicated resources and expertise 
  • Developed and released a Sustainable Bond Framework
  • Launched our Sustainable Financing Guarantee with three partner financial institutions
  • Set near-term targets related to sustainable finance

Learn more

Two female colleagues having a discussion over financial receipts with a digital tablet at a checkout counter in a store.
Climbers on a snowy ridge at sunrise.

 

Committed to climate action

As Canada’s export credit agency, we have a key role to play in enabling Canada’s trade ecosystem to build and support momentum toward a low-carbon economy. That’s why we support companies and initiatives enabling a low-carbon future, and made a commitment to achieve net zero greenhouse gas emissions by 2050. In 2022, we began setting 2030 targets for certain sectors to keep us on track, starting with the airlines and oil and gas sectors.

We also set targets to achieve net zero in our operations and achieved our 2023 climate target. 

Learn more

 

Respecting human rights

If we want to help Canadian companies reach their full potential to grow and succeed at the global level, we must be at the forefront of managing human rights risks and impacts. In 2022, we launched tools that will embed our principles into our transactional due diligence, customer relationship management practices and decision-making. 

Learn more

Quality inspectors checking milk bottles on a conveyor belt at a dairy plant.

Committed to climate action

As Canada’s export credit agency, we have a key role to play in enabling Canada’s trade ecosystem to build and support momentum toward a low-carbon economy. That’s why we support companies and initiatives enabling a low-carbon future, and made a commitment to achieve net zero greenhouse gas emissions by 2050. In 2022, we began setting 2030 targets for certain sectors to keep us on track, starting with the airlines and oil and gas sectors.

We also set targets to achieve net zero in our operations and achieved our 2023 climate target. 

Learn more

Hikers explore mountain landscape

Respecting human rights

If we want to help Canadian companies reach their full potential to grow and succeed at the global level, we must be at the forefront of managing human rights risks and impacts. In 2022, we launched tools that will embed our principles into our transactional due diligence, customer relationship management practices and decision-making. 

Learn more


 

Empowering our people

Our 2030 strategy provides the roadmap for change, but it is our employees who will make it happen. Canada’s labour market and employee expectations are rapidly changing. We focus on attracting, engaging, developing and empowering a highly qualified, diverse workforce. Learn more


 

 

Responsible business

We support Canada and other leading trading nations in concerted efforts to fight corruption and bribery, while promoting increased accountability on sustainable and responsible business practices. 

In 2022, we enhanced our Code of Conduct and its related guidelines to ensure we adapt to emerging trends, and continued the rollout of our financial crime risk framework to improve our process to ensure that risks are quickly identified and appropriately mitigated. 

Learn more

A group of professionals having a discussion in an office.
Hikers explore mountain landscape

Responsible business

We support Canada and other leading trading nations in concerted efforts to fight corruption and bribery, while promoting increased accountability on sustainable and responsible business practices. 

In 2022, we enhanced our Code of Conduct and its related guidelines to ensure we adapt to emerging trends, and continued the rollout of our financial crime risk framework to improve our process to ensure that risks are quickly identified and appropriately mitigated. 

Learn more

 

Success stories

 
Drillship Deepwater Asgard in ocean.

P.E.I. company rides wave of green power demand

The power components and applications that Aspin Kemp & Associates provides are designed to be safer, more reliable and lower in emissions.

Three women of different skin types model Cheekbone Beauty cosmetics.

Cheekbone Beauty business is more than skin deep

For Jenn Harper, giving back to Indigenous communities is part of her brand’s foundation.


 

Date modified: 2023-05-23