At EDC, 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.


 

Review of EDC’s Environmental and Social Risk Management policies

With a mandate to help Canadian companies do business in markets around the world, it’s critical that we have strong policies in place to help guide us in environmental, social and corporate governance, including in areas such as human rights and climate change. 

The Environmental and Social Risk Management (ESRM) Policy Framework sets out EDC’s commitments and approaches to environmental and social risks when considering customer relationships and transactions. It also allows us to strive for high standards of risk mitigation, including monitoring projects we support.

The framework includes the following policies:

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

 

Updated policies—2022 stakeholder input and feedback

EDC solicited input from our stakeholders, who include, but aren’t limited to, our customers, the Government of Canada, civil society organizations, Canadian industry and trade associations, financial sector peers, members of the Canadian public, and our ESG Advisory Council to offer constructive feedback on these policies. The periodic review of our policies is an opportunity to ensure they align with stakeholder expectations, consider a broad range of perspectives, and reflect industry best practice.

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

Review of Environmental and Social Risk Management Policies—Discussion Paper

 

Providing feedback

Submissions were emailed to ESRMPolicyReview@edc.ca during a 96-day comment period from January 24 to April 29, 2022. Relevant materials were made available on our website, including the current version of the policies, the policy discussion guide and FAQs

In line with our commitment to transparency, submissions will be posted to our policy feedback page. When the updated policies are released, EDC will publish a public response paper, summarizing the main areas of feedback with a description of how EDC has considered the feedback in the policy review outcomes.

If you have a question that’s not addressed in the FAQs below, please email ESRMPolicyReview@edc.ca.

 


 


 


 

Policies & reports

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


Continue browsing