At Export Development Canada (EDC), we believe that good environmental, social and governance (ESG) practices are key to the long-term growth and success of our customers and Canada’s prosperity. Strong ESG practices mitigate risks, open doors to new opportunities, drive innovation, attract top talent and strengthen the social and economic fabric of our communities.

Our approach to ESG

Image of a wheel with 3 core sections for environment, social and governance connected to the UN sustainable development goals of high priority to EDC.


ESG is at the centre of everything we do and is integral to our customer value proposition. Four objectives underpin our approach:  

  • Make ESG a prominent and standard feature across the organization, embedded in our culture, communication and reporting  
  • Support customers in considering ESG in the evolution and competitiveness of their business
  • Demonstrate leadership among export credit agencies and influence among financial institutions
  • Provide additional support for growing and emerging sectors of the Canadian economy in alignment with strong ESG principles and practices 


 


 

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Environment

Today, the economy and environment are no longer a binary choice: they’re two sides of the same coin. We’re committed to achieving net zero emissions by 2050 and working collaboratively to enable sustainable, responsible opportunities for our customers and Canada’s economy.

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Social

People are at the heart of everything we do—from our employees and communities to our customers and those impacted by their operations. We’re working to help build a more equitable and inclusive society that respects human rights and enables people to flourish. 

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Governance

It’s our job to take on risk so Canadians can take on the world. We take a rigorous approach to good ESG governance, business integrity and risk management to ensure we’re operating responsibly and sustainably.

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Our 2030 strategy places environmental, social and governance at the centre of our operations and culture. We see it as key to EDC’s long-term sustainability as an organization, and to Canada’s long-term economic sustainability. We also believe that, in today’s global economy, strong ESG practices are critical for Canadian companies—not just to mitigate risks, but as a competitive accelerator.

Justine Hendricks  —  SVP and Chief Corporate Sustainability OfficerExport Development Canada

Sustainable finance

As Canada transitions to a net zero economy, we have a unique opportunity to catalyze that change through sustainable financing. 
We’re increasing support for businesses aligned with the net zero transition through mechanisms such as cleantech solutions, sustainable bonds, sustainability-linked lending and information on trends and practices.

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ESG risk management and customers

As Canada’s export credit agency, EDC is in the business of assessing risk. It’s through the assumption of risk that we’re able to help Canadian companies take on the world. To protect our business and the Canadian exporters we serve, we work hard to assess risks and manage them wisely.

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Materiality

Our materiality assessments help us identify, understand and manage the ESG risks and opportunities that matter most to our business and stakeholders.

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Metrics

We track ESG metrics to measure our performance against key indicators and remain transparent with our stakeholders about our plans and progress.

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ESG agreements and memberships

EDC is guided by a number of agreements and standards that form the foundation of our view of best practices. We’re also a contributing member of organizations setting the standard for sustainable, responsible business.

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News & highlights

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Our net zero commitment

See how we’re putting our plan in place and making tangible progress to net zero by 2050.

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The latest ESG webinars

Find out how environmental, social and governance practices can shape the future growth of your business.

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Customer story: Powering a cleaner tomorrow

Thanks to technology developed by Vancouver-based Westport Fuel Systems, hydrogen could become substantially more competitive with other low-carbon alternatives.

Read the story


 


 

Policies & reports

Explore policies, reports and other reference materials related to environmental, social and governance practices at EDC.


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