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$27.6 billion 

in business facilitated in emerging markets compared to $22 billion in 2021

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75.4

Net Promoter Score places EDC in the top 10% of North American B2B companies 

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$8.8 billion 

in business facilitated in the cleantech sector, up 40% from 2021



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Business facilitated

Through our range of financial solutions, we supported $133.4 billion in exports, foreign investment and trade development activities in 2022. This included $27.6 billion in business facilitated in emerging markets compared to $22 billion in 2021.

Our insurance program helped more than 9,400 customers close approximately $105 billion in export sales. More than 82% of this business was credit insurance, which helps companies mitigate credit risk and leverage their receivables with financial institutions to unlock more short-term financing. 

Our financing activities delivered approximately $28 billion in new financing to Canadian customers and their foreign trading partners. 

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Business facilitated

Through our range of financial solutions, we supported $133.4 billion in exports, foreign investment and trade development activities in 2022. This included $27.6 billion in business facilitated in emerging markets compared to $22 billion in 2021.

Our insurance program helped more than 9,400 customers close approximately $105 billion in export sales. More than 82% of this business was credit insurance, which helps companies mitigate credit risk and leverage their receivables with financial institutions to unlock more short-term financing. 

Our financing activities delivered approximately $28 billion in new financing to Canadian customers and their foreign trading partners. 

Learn more

Cargo on a container ship docked at a shipping port.
Two technicians standing on a wind turbine.

 

Business facilitated in the cleantech sector 

EDC has made cleantech a priority for the past 10 years, and it remains a key component of our 2030 strategy. In 2022, we facilitated $8.8 billion in the cleantech sector. Year-over-year growth of 40% was driven by increased demand for our direct lending, project finance and bonding solutions in various subsectors such as renewable energy, agriculture and infrastructure. Many large corporations have begun their transition to reduce carbon emissions and are leveraging the cleantech supply chain to do so. 

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Business facilitated in the cleantech sector 

EDC has made cleantech a priority for the past 10 years, and it remains a key component of our 2030 strategy. In 2022, we facilitated $8.8 billion in the cleantech sector. Year-over-year growth of 40% was driven by increased demand for our direct lending, project finance and bonding solutions in various subsectors such as renewable energy, agriculture and infrastructure. Many large corporations have begun their transition to reduce carbon emissions and are leveraging the cleantech supply chain to do so. 

Learn more

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Customers served

EDC continued to provide risk capacity and liquidity to Canadian businesses exporting and operating domestically due to our temporary domestic powers.

In addition to our financial solutions, EDC provided expert knowledge to help Canadian companies achieve their trade goals. Demand for our products and services resulted in 26,922 customers served, which is down from the COVID-19-related spike in 2021, and within the planned objective of 26,000 to 30,000 customers. 

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Customers served

EDC continued to provide risk capacity and liquidity to Canadian businesses exporting and operating domestically due to our temporary domestic powers.

In addition to our financial solutions, EDC provided expert knowledge to help Canadian companies achieve their trade goals. Demand for our products and services resulted in 26,922 customers served, which is down from the COVID-19-related spike in 2021, and within the planned objective of 26,000 to 30,000 customers. 

Learn more

Two men and a woman taking inventory of their stock.


 

Medium-sized financial customers

Our 2030 strategy focuses on delivering financial solutions built around our customers’ needs—particularly medium-sized Canadian companies. We served 1,175 medium and 10,520 small financial customers in 2022. Learn more


 

2023 and 2030 climate targets

In 2019, we set an initial target to reduce financing exposure to our six most carbon-intensive sectors by the end of 2023 across loans, guarantees and commitments. We kept meeting ever more stringent targets and, by the end of 2022, had reduced our carbon-intensive financing exposure by 57%.  

Our 2030 climate targets, set in 2022, define the transition required in the interim to keep us on track for achieving net zero greenhouse gas emissions by 2050. The targets are science-based and sector-specific. We chose to start with two sectors that represent significant emissions and a large share of our financing portfolio: airlines and upstream oil and gas. Learn more

 

2023 climate target progress chart.

(1) EDC's assets are primarily denominated in U.S. dollars; as such, exposure values presented have been restated to reflect the foreign exchange rates prevailing at the time the target was set.


 

Date modified: 2023-05-23