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 was last updated in 2022 and includes the following policies:
- Environmental and Social Risk Management Policy
- Environmental and Social Review Directive
- Climate Change Policy (including Thermal Coal Position)
- Human Rights Policy
- Transparency and Disclosure Policy
Providing feedback
EDC solicits 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 for 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.
For more on past reviews please see our policy review feedback page.
We welcome feedback, and EDC has many channels through which our stakeholders can engage with us. They include:
- ESG inquiries;
- EDC’s compliance officer; and
- General inquiries through one of our many corporate contacts.
If you wish to speak with EDC directly about past reviews, all comments or inquiries can be emailed to ESRMPolicyReview@edc.ca.
Next review
The next review of the Environmental and Social Risk Management (ESRM) Policy Framework is scheduled for 2025.
Learn more
Environmental and Social Risk Management Policy
EDC’s overarching policy that sets out our commitments and approaches for environmental and social risk management.
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.
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.
Human Rights Policy
Drives our approach to human rights, including decision-making for the transactions we support and the actions we take.
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.
Feedback
In line with our commitment to transparency, stakeholder 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 high-level description of how EDC has considered the feedback in the policy review outcomes.
Policies & reports
Explore policies, reports and other reference materials related to environmental, social and governance practices at EDC.
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