We’re committed to the environment and people—from facilitating exports of Canadian environmental solutions to reviewing the environmental and social impacts of projects that we consider supporting.

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Environmental and social risk management framework

We understand that there are environmental and social risks involved in the business we support, and that it is critical to have strong procedures to identify and manage these risks.

Our Environmental and Social Risk Management Policy Framework guides how EDC approaches this aspect of our business. The framework consists of our Environmental and Social Risk Management Policy and GuidelineEnvironmental and Social Review Directive (ESRD), Climate Change PolicyHuman Rights Policy and Transparency and Disclosure Policy

Every three years, as part of the review of the ESRM Policy Framework, we invite stakeholders from across Canadian trade and business ecosystems to offer input and constructive feedback on the aforementioned policies.

The framework is further underpinned by various international agreements, standards and guides to which EDC adheres.

Climate change

Climate change is a significant and complex global challenge that presents a range of risks and opportunities to countries, businesses and individuals. If this challenge is to be addressed effectively, it will require action from all sectors of the global economy, as well as governments and individuals.

EDC’s Climate Change Policy provides the principles and commitments that guide EDC’s approach to the organization’s climate change-related risks and opportunities. It is intended as both an external-facing policy, and as an internal guide for EDC’s decision-making. The Due Diligence Framework: Climate Change provides additional details as to how EDC has integrated climate change into its approach to environmental and social due diligence.

EDC Commits to Net Zero by 2050

A man and girl in a field, pointing at the view ahead.

Strong environmental, social and governance (ESG) practices are foundational to EDC's operations and long-term corporate strategy. EDC will achieve its commitment to net zero by 2050 through changing the composition of its business portfolio in a responsible, meaningful and measurable way. This document details EDC's pathway to net zero by 2050 including steps, considerations and decisions.

Human rights

Businesses, including export credit agencies, have a responsibility to respect human rights across their operations. This is why the United Nations Guiding Principles on Business and Human Rights (UNGPs) state that all businesses should have in place policies and procedures to identify, prevent and mitigate their impact on human rights, as well as to report on how they address this impact.

EDC’s Human Rights Policy provides the principles and commitments that guide the Corporation’s human rights approach and internal decision-making process regarding the transactions it supports. We have developed an Implementation Plan that explains what we have already put in place and describes the key areas we are focusing on while implementing our Human Rights Policy. The Human Rights Policy replaces the EDC’s 2008 Human Rights Statement, which is no longer in effect.

The Human Rights Policy commits EDC to build and use our leverage to prevent and manage human rights impacts that EDC might be connected to through its customer relationships, and to enable remedy when impacts nevertheless occur. EDC developed the Principles on Leverage and Remedy to put these commitments into practice across EDC’s business.

The Due Diligence Framework: Human Rights provides additional details as to how EDC has integrated human rights into its approach to environmental and social due diligence.

International commitments

To help incorporate environmental risk assessment into officially supported export credits, we adopted and implemented the OECD recommendations on common approaches for environmental due diligence, an international multilateral consensus on environmental review practices that aims to level the international playing field and ensure that projects supported by export credit agencies meet established international environmental and social standards.

We also adopted the Equator Principles, a financial industry benchmark for determining, assessing and managing social and environmental risk in project financing. Further, we have made the International Finance Corporation's performance standards our dominant framework for environmental and social project performance.

Our annual report on the implementation of the Equator Principles is now available.

Learn more

EDC’s due diligence path

At EDC we’re committed to sustainable and responsible business practices. Any company that’s seeking corporate financing will be assessed through a review process called “due diligence.”

For more info on our due diligence process, click here.

Understanding the EDC project review process

This guide aims to provide you with a more detailed understanding of our review of environmental and social impacts, key components of EDC’s overall assessment of projects.

Click here for more information.

Operational footprint 

We consider the impact that our operations have on the environment and have taken steps to reduce our operational footprint, which we report publicly.

Click here for more information.

Guide for Canadian companies

Apparel, Footwear and Textiles: For small- and medium-sized enterprises procuring goods or services from different suppliers in the apparel, footwear and textile sectors, you should consider whether any of your suppliers could be negatively impacting their employees or the surrounding environment. This document provides information about key considerations that could be included in your discussions and dealings with your suppliers.

Create your climate change report

Your company will be required to produce and publish a Task Force on Climate-related Financial Disclosures (TCFD) climate change report. This guide is designed to help you meet EDC’s expectations for TCFD-aligned climate change reporting.  Also, checkout these case studies published by the TCFD and this fact sheet detailing EDC’s expectations.