The success of our business, and that of our customers, hinges on strong environmental, social and governance (ESG) practices. We build this strength through our own expertise and the expertise of respected organizations and governing bodies in this space. Our strategy and processes are guided by a combination of agreements, memberships and governing legislation.
Our memberships allow us to benefit from the most current expertise and leading best practices in specific areas of focus. As an active participant in many of these memberships, it also allows us to lend our knowledge and contribute to the development of standards and practices.
Berne Union (Chair of the Climate Working Group)
Boston College Center for Corporate Citizenship
Canada Crown Corporations TCFD Working Group
Canadian Centre for Ethics and Corporate Policy (EthicsCentre)
Conference Board of Canada – Corporate Ethics Management Council
Conference Board of Canada – Corporate Responsibility and Sustainability Council
Global Compact Network Canada (learning partner)
Global Reporting Initiative – The GRI Community
OECD Working Party on Export Credits and Credit Guarantees (Government of Canada)
Partnership for Carbon Accounting Financials
Task Force on Climate-related Financial Disclosures
Transparency International Canada (corporate partner)
International agreements and standards are a way for us to enhance the coordination of our actions with other organizations around the globe and formalize our commitments to strong ESG practices.
Extractive Industries Transparency Initiative
OECD Arrangement on Officially Supported Export Credits
OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
OECD Guidelines for Multinational Enterprises
OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions
OECD Recommendation of the Council on Bribery and Officially Supported Export Credits
OECD Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (the “Common Approaches”)
OECD Recommendation of the Council on Sustainable Lending Practices and Officially Supported Export Credits
United Nations Guiding Principles on Business and Human Rights (UNGPs)
Voluntary Principles on Security and Human Rights
World Trade Organization Agreement on Subsidies and Countervailing Measures
As a commercial and financial Crown corporation, we are subject to a range of legislation, most importantly the Export Development Act, which sets out our mandate via the Statement of Priorities and Accountabilities (SPA) received from the Minister of International Trade, Export Promotion, Small Business and Economic Development.
Explore our policies, reports and other materials related to EDC’s ESG practices.
Drives our approach to human rights, including decision-making for the transactions we support and the actions we take.
Provides the strategic foundation of our commitments to address climate-related risks and opportunities through measurement, engagement, green financing, risk management systems and reporting.
Sets out the framework for how we disclose information about our business in a manner that balances the confidentiality required by our customers with the information sought by interested Canadians.
Sets out our commitments and approaches when considering transactions.
A requirement of the Export Development Act, the directive is one of the processes through which we manage environmental and social risks for project-related reviews.