About This Report
We are pleased to present EDC’s 11th annual Corporate Social Responsibility (CSR) report. Our 2015 report is being released later than usual as we took time to competitively select and contract an external supplier to help improve our reporting.
Reporting Scope and Boundary
This report covers our business activities for the 2015 calendar year at all EDC operations across Canada and around the world with two exceptions:
Operational footprint data pertains to our Ottawa head office only, where more than 90 per cent of EDC’s physical operations are concentrated, as measured by square footage
Reporting to the Government of Canada on EDC’s green bond is provided according to the government’s fiscal year, April 1st to March 31st
Global Reporting Initiative
The content of this report is driven by the requirements of the Global Reporting Initiative (GRI) Guidelines. The GRI Guidelines provide a structure for CSR reporting and facilitate comparisons across companies. This report has been prepared using the GRI Content Index Service of the G4 Guidelines, and is in accordance with the Core reporting option. GRI indicators are identified within the report and can be viewed by turning on the GRI indicator device. Our GRI Content Index is available for download.
The structure of this report reflects our key CSR issues as identified through both regular stakeholder engagement channels and structured materiality exercises.
We conducted a materiality assessment in 2014 to determine the CSR issues of greatest concern to EDC and our stakeholders. The results of that assessment can be found here.
During the development of our 2015 CSR report, we conducted internal and external stakeholder interviews to confirm that the issues identified in the 2014 assessment were still considered to be priorities and to gain insights into evolving issues and concerns. The content of this report reflects our findings.
Each year, we undertake an assurance exercise using the services of an independent third party, in this report, Ernst & Young. This exercise not only provides stakeholders with insight into the reliability of key quantitative indicators used in this report, it also helps us better manage how we collect this data and measure our achievements. We select indicators based on a number of criteria, such as the need to improve our managerial processes, and areas where there is a stakeholder interest. This year, we decided to assure indicators reflecting four key areas of our performance:
Transparency – disclosure of individual financing transactions
Ethics – number of anti-corruption enhanced due diligence assessments conducted
Economic impacts – a measure of Canadian benefits as indicated by number of Canadian jobs supported
Environmental and social impact reviews – the number of projects assessed under Equator Principles in 2015
We have used the to indicate assured information.
The statement from our assurer can be found here.