Environment at EDC

Our approach to climate is centred around a commitment to achieve net zero emissions across our operations and business lines by 2050—a goal aligned with the Government of Canada and the Paris Agreement.

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Sustainable finance is a key pillar of our net zero commitment. We aim to help Canadian businesses access the financing they need to innovate, adapt and achieve longer-term business growth in the transition to a low-carbon future.

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Our operations have an impact on the environment, and we have the opportunity to take meaningful action toward understanding and decarbonizing our own operational emissions.

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We integrate climate risk into our non-credit assessments and overall risk management program so we can proactively adapt our business and support our customers in the transition to a net zero economy. Learn more about our due diligence processes and our climate-related customer expectations.

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2010

Issued an updated Environmental and Social Risk Management Policy, that expanded on our environmental and social commitments.

2012

Cleantech identified as a corporate priority.

2014

Became the first Canadian financial institution to issue a green bond.

2016

Began measuring and disclosing our annual contribution to the Government of Canada’s climate finance commitments under the UN Framework Convention on Climate Change.

2017

Publicly committed to no longer financing thermal coal power plants. Helped facilitate more than $1 billion in cleantech exports for the first time.

2018

Became the first export credit agency and first Canadian Crown corporation to declare support for the Task Force for Climate-related Financial Disclosures (TCFD) recommendations.

2019

Established our first dedicated Climate Change Policy and, in our 2018 Annual Report, published our first climate-related disclosure.

2020

Published details of our first target to reduce the carbon intensity of our lending portfolio and published our due diligence framework. Introduced TCFD-aligned disclosure requirements for customers in the oil and gas sector.