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Input and feedback on our policies

Policy review feedback


ESG   |   ESG Governance   |   Policies and reports   | 
 Business integrity   |   Stakeholder engagement  |   Policy review  |   Policy review feedback  |   ESG Advisory Council


ESG  |   ESG Governance   |   Policies and reports   | 
Business integrity   |   Stakeholder engagement
  |
Policy review
  |  Policy review feedback  |
ESG Advisory Council

Engaging our stakeholders is an opportunity to ensure that our policies align with their expectations, consider a broad range of perspectives and reflect industry best practice.


 

Updated policies–2022 stakeholder input

EDC solicits our stakeholders, including our shareholder, customers, Board of Directors, ESG Advisory Council, civil society organizations, industry and trade associations, financial sector peers and members of the Canadian public, for constructive feedback on our environmental and social risk management practices.

In 2022, as part of our Environmental and Social Risk Management Policy review, EDC’s Board of Directors approved five updated policies. 

As part of the process, EDC invited stakeholders to offer input and constructive feedback on the following policies:

  1. Environmental and Social Risk Management Policy (2019)
  2. Environmental and Social Review Directive (2019)
  3. Climate Change Policy (including Thermal Coal Position) (2021)
  4. Human Rights Policy (2019)
  5. Transparency and Disclosure Policy (2020)

To assist stakeholders, we published a discussion paper that outlined some of the key issues, questions and proposals being considered in our review.

  • Review of Environmental and Social Risk Management Policies—Discussion Paper

Submissions were emailed to ESRMPolicyReview@edc.ca during a 96-day comment period from January 24 to April 29, 2022.

Response paper
As part of the review process, we published a public paper responding to the feedback we received.

  • Stakeholder Response Paper 2022

Summary of feedback
We also published a summary of stakeholder feedback (both written and verbal):

  • Stakeholder Feedback Summary Report 2022

Written feedback
The following written stakeholder submissions were received:

  • Mining Association of Canada
  • Québec Net Positif (PDF in French only)
  • Business & Human Rights Resource Center
  • Lawyers Without Borders Canada /Avocats Sans Frontières Canada (PDF in French only)
  • Ingénieurs Sans Frontières Québec  (PDF in French only)
  • Teck Resources Limited

Written stakeholder submissions are available in the official language in which they were made.

For questions about posted feedback, contact ESRMPolicyReview@edc.ca.

In 2018, as part of the Environmental and Social Risk Management Policy review, EDC’s Board of Directors approved two new standalone policies: 

  1. Climate Change Policy 
  2. Human Rights Policy

They also approved updates to our:

  • Environmental and Social Review Directive
  • Environmental and Social Risk Management Policy
  • Transparency and Disclosure Policy

EDC invited stakeholders from across the Canadian trade and business ecosystems to offer input and constructive feedback on the following policies, as part of our ESG framework. These policies included:

  1. Environmental and Social Risk Management (ESRM) Policy (2010)
  2. Environmental and Social Review Directive (ERD) (2010)
  3. Human Rights Statement (2008)
  4. Disclosure Policy (2010)

To assist stakeholders, a discussion paper was prepared to outline some of the key issues, questions and proposals being considered by EDC during this review.

Response papers

Response papers, which summarize stakeholder feedback and EDC’s responses, are available for the following policies:

  • EDC Public Response Paper – Climate Change Policy 
  • EDC Public Response Paper – Environmental and Social Risk Management Policy, Environmental and Social Review Directive and Human Rights Policy
  • EDC Public Response Paper – Transparency and Disclosure Policy

Summary of stakeholder feedback (both written and verbal):

Key themes by stakeholder group

  • ESRM Policy Framework consultations: Key themes by stakeholder group

ESG Advisory Council

  • CSR Advisory Council 2020 meeting summary (PDF)

September 2018

  • Above Ground – Environment (PDF)
  • Above Ground – Human Rights (PDF)
  • Mining Association of Canada (PDF)
  • Oil Change International (PDF)
  • Oxfam Canada (PDF)

August 2018

  • Environmental Defence Canada (PDF)

 


 

Learn more

Policy review

Ensuring that we continue to serve our customers and other stakeholders in a responsible way includes implementing regular reviews and updates to the policies that govern our environmental and social risk management practices.

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Environmental and Social Risk Management Policy

EDC’s overarching policy that sets out our commitments and approaches for environmental and social risk management.

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Environmental and Social Review Directive

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. 

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Climate Change Policy

Provides the strategic foundation of our commitments to address climate-related risks and opportunities through measurement, engagement, green financing, risk management systems and reporting.

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Human Rights Policy

Drives our approach to human rights, including decision-making for the transactions we support and the actions we take. 

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Transparency and Disclosure Policy

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.

Learn more


 


 

Policies & reports

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

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Continue browsing


ESG   |   ESG Governance   |   Policies and reports   | 
 Business integrity   |   Stakeholder engagement  |   Policy review  |   Policy review feedback  |   ESG Advisory Council


ESG  |   ESG Governance   |   Policies and reports   | 
Business integrity   |   Stakeholder engagement
  |
Policy review
  |  Policy review feedback  |
ESG Advisory Council


 

Date modified: 2023-03-20

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