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.
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:
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.
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.
EDC’s overarching policy that sets out our commitments and approaches for environmental and social risk management.
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.
Provides the strategic foundation of our commitments to address climate-related risks and opportunities through measurement, engagement, green financing, risk management systems and reporting.
Drives our approach to human rights, including decision-making for the transactions we support and the actions we take.
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.
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.
Explore policies, reports and other reference materials related to environmental, social and governance practices at EDC.