ESG   |   Environment   |   Net zero   | 
 Operational footprint   |   Priority sectors


ESG  |   Environment   |   Net zero   | 
 
Operational footprint   |  Priority sectors 

EDC is determined to continue pursuing a path to sustainability—for ourselves, our customers and Canada’s trade ecosystem.


 

News and highlights

Picture of a magnifying glass highlighting a page of text to represent EDC environmental related news.

EDC sets science-based climate targets and sustainable finance objectives

Sustainable business practices are quickly becoming a competitive necessity as more nations, organizations and corporations commit to net zero by 2050. Find out more about our targets and how we’re evolving to support Canadian businesses transition to a low-carbon economy.

Learn more

Picture of a light bulb representing an EDC environmental resource guide.

Benefits of supply chain sustainability

By reducing energy costs and generating less waste, you can make your supply chain more sustainable.

Learn more

Picture of a screen with gear in it and mobile phone with speech bubble representing knowledge learned from EDC ESG webinars.

The latest ESG webinars

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

Learn more


 


 

Image of a green forest with road running through representing the importance of sustainability including both challenges to solve and opportunities for growth and innovation.

Sustainability has never been more important, with significant and pressing challenges to solve, but also opportunities for growth, innovation and creativity.

The challenge of sustainability is that the environment is an exhaustible resource and we are living beyond our means. As an export credit agency, we understand that the environment and the economy are inextricably linked and that we have a significant role to play when it comes to both, including:

  • Delivering on our commitment to achieve net zero emissions by 2050 
  • Supporting the transition to a low-carbon economy through our financial solutions and advice
  • Making social equity a key element of our approach to environment
  • Facilitating Canadian environmental solutions
  • Reviewing and assessing the environmental impacts of projects we consider supporting

Sustainability is too important and complex to pursue alone. We believe collaboration is the key to achieving the tangible results the world needs, and we aim to be a key partner to our customers, peers and stakeholders across the trade ecosystem.


 

Our climate journey

More than a decade ago, we began our journey to make responsible and sustainable business practices a priority, both for our business and for our customers. We know there's no finish line when it comes to sustainability. It’s a long-term commitment to constantly improve and progress.


 

2010

Issued an updated Environmental and Social Risk Management Policy, which includes climate-related commitments.


 

2012

Cleantech identified as a corporate priority.


 

2014

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


 

2016

Introduced an 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 support the TCFD recommendations of the Task Force for Climate-related Financial Disclosures (TCFD).


 

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.


 

2021

Fully implemented our Climate Change Policy and became the first export credit agency to commit to net zero emissions by 2050.


 

2022

Released our Sustainable Bond Framework, which was the first such framework in North America to include transition proceeds. Set sustainable finance and science-based climate targets to be achieved by 2030, in line with our commitment to achieve net zero emissions by 2050.


 

Customer stories

Luna Yu in her laboratory

Genecis Bioindustries takes circular economy to the next level

Genecis utilizes bacteria to convert food waste into PHA plast

Solar replication technology up close

G2V Optics: Casting light on critical sectors

G2V, a cleantech company revolutionizing the aerospace and food industries with light technology.

18-wheeler truck driving on road with picturesque scenery

Westport Fuel Systems drives innovation to power a cleaner tomorrow

Westport Fuel Systems drives innovation to power a cleaner tomorrow


 


 

By the numbers: putting our climate commitments into action

Measuring and monitoring our performance is key to understanding where we’re doing well, where we need to improve, and what we want to achieve in the future. Today, we're one of the largest financiers of the cleantech sector in Canada and continue to successfully reduce exposure to our most carbon-intensive sectors, but we need to keep improving. Details on our results and plans are available in our integrated annual report and accompanying climate-related disclosure.

$6.3B

In cleantech business facilitated in 2021

$8.9B

Reduction in exposure to our six most carbon-intensive sectors since 2018

$84.9M

Climate finance provided in developing companies in 2021


 

Agreements and memberships

EDC is guided by a number of agreements and standards that form the foundation of our view of best practices when it comes to environmental issues, such as the Equator Principles, the Task Force on Climate-related Financial Disclosures, and the Partnership for Carbon Accounting Financials. We’re also a contributing member of organizations setting the standard for sustainable, responsible business such as the Berne Union, Powering Past Coal Alliance and the Equator Principles.

Learn more about our commitments


 


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ESG  |   Environment   |   Net zero   | 
 
Operational footprint   |  Priority sectors 


ESG   |   Environment   |   Net zero   | 
 Operational footprint   |   Priority sectors