Taking Responsibility

Approach to CSR

EDC is expected to fulfill its mandate in a responsible manner that reflects the values of Canadians. This means taking into account the environmental and social impacts of the business that we support, as well as the expectations of our stakeholders: our customers, our employees, the Government of Canada, civil society, and the media. We continuously monitor these expectations and our CSR strategy reflects the wide range of initiatives that we have put in place to meet them.

Stakeholder impacts and expectations drive
our CSR strategy
Stakeholder engagement
Stakeholder engagement is an essential part of our approach to CSR.

Governing Legislation and Agreements

EDC’s mandate is spelled out in the Export Development Act. We are also subject to the Corruption of Foreign Public Officials Act, the Federal Accountability Act and the Public Servants Disclosure Protection Act.

Canada is a member state of the Organisation for Economic Co-operation and Development (OECD) and EDC, as a wholly owned arm of the Government is Canada, is bound by Canada’s commitments to the OECD, including the OECD Revised Council Recommendation on Common Approaches on the Environment and Officially Supported Export Credits (the “Common Approaches”), the OECD Council Recommendation on Bribery and Officially Supported Export Credits, and more.

We also adopted the Equator Principles in 2007, a financial industry benchmark for determining, assessing and managing social and environmental risk in project financing, and made the IFC Performance Standards our dominant standard for environmental and social project performance in developing countries.

To learn more, see our complete list of governing legislation, international agreements and memberships.