Business Integrity

Corporate sustainability and responsibility

We view business ethics as fundamental to successful business practices. EDC’s Code of Conduct defines our commitment to legal and ethical conduct, the environment and human rights. Operating ethically means, at a minimum, conducting our affairs in accordance with the letter and spirit of the laws of the countries in which we do business. We also incorporate relevant international standards into our business operations.

As a member state of the Organisation for Economic Co-operation and Development (OECD), Canada signed the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions and passed the Corruption of Foreign Public Officials Act (CFPOA), making it a criminal offence to give or offer a bribe to a foreign public official.

We’re also a member of the OECD Working Party on Export Credits and Credit Guarantees, and bound by the OECD Council Recommendation on Bribery and Officially Supported Export Credits.

The Convention, CFPOA and the Recommendation are examples of requirements and standards that guide our business operations. We’re also guided by certain agreements governing international trade, including:

· Guidelines for Multinational Enterprises;
· Extractive Industries Transparency Initiative;
· The World Trade Organization’s Countervail Measures Agreement; and
· The Voluntary Principles on Security and Human Rights.

On this page:

Anti-Corruption Program

Our Anti-Corruption Program, developed in response to the OECD Convention, includes processes and mandatory documents to deter bribery. For example, all applicants who request our support must sign an anti-corruption declaration and/or provide representations and covenants. We also offer an anti-corruption guide that explains the challenges of avoiding corruption in international trade and suggests actions companies can take to protect themselves.

Combatting bribery and corruption

Read EDC's Approach on Combatting Bribery and Corruption in International Business Transactions.

December 9th of every year is International Anti-Corruption Day

Corruption is a serious crime that can undermine social and economic development in all societies.

International Anti-corruption Day is part of a global campaign to raise awareness of the need to combat corruption.

Transparency

We are accountable to many stakeholders including the Government of Canada, customers, employees and the larger domestic and international community and we do our best to conduct business transparently, in order to maintain their trust and confidence.