ESRM Policy Review

Corporate sustainability and responsibility

Updated Policies

The first policy approved by the EDC Board of Directors as part of The Environmental and Social Risk Management Policy Review, is our Climate Change Policy.

Read our Response Paper which outlines what we heard from stakeholder groups and how this input shaped our policy.

Our Climate Change Policy provides the principles and commitments that will guide EDC’s approach to the organization’s climate change-related risks and opportunities.

​​Review of EDC’s Environmental and Social Risk Management policies

At EDC, ensuring that we continue to serve our customers and other stakeholders in a responsible way includes implementing regular reviews and updates to the policies that govern our Corporate Social Responsibility (CSR) practices. 

EDC is inviting stakeholders from across the Canadian trade and business ecosystems to offer input and constructive feedback on the following Environmental and Social Risk Management policies as part of the CSR framework at EDC. These policies include: 

  1. Environmental and Social Risk Management (ESRM) Policy
  2. Environmental and Social Review Directive (ERD)
  3. Human Rights Statement
  4. Disclosure Policy

To assist stakeholders, a discussion paper has been prepared to inform understanding of some of the key issues, questions and proposals being considered by EDC during this review.

Providing feedback

Submissions were accepted through the EDC website from May 14 to Sept. 7, 2018. Any further submissions or questions can be directed to ESRMPolicyReview@edc.ca

EDC will consult representatives from the Government of Canada as well as our CSR Advisory Council, a group of prominent experts who advise on and guide EDC’s CSR practices. To foster transparency, submissions received from stakeholders will be posted.

Next steps post-review period

While the deadline for submission closed on September 7, 2018, EDC is continuing to seek consultation opportunities to ensure we have a wide range of feedback that is reflective of Canada’s trade ecosystem.

We are reviewing the submissions we have received, and will take the time to reflect on feedback received and enter a drafting phase. EDC will issue a Public Response Paper when the revised policies are released toward the end of this year. This Paper will summarize the main areas of feedback and provide a high-level description of how the feedback was incorporated in the policy review outcomes (or, if not, why not). This Paper will be available on edc.ca for the public to understand what changes have been made.

You can view the feedback already compiled here.

If you have a question that is not addressed in the FAQs, please email ESRMPolicyReview@edc.ca.