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Export Development CanadaCanada

Active

This profile is actively maintained
Last update: 2025-04-18 13:36:00
EDC offices in Quebec, Canada. Photo: Douglas Sprott via Flickr (CC BY NC 2.0)

Active

This profile is actively maintained
Last update: 2025-04-18 13:36:00
Bank info
BankTrack campaigns
All
About
Website http://www.edc.ca
Headquarters
150 Slater Street
ON K1A 1K3 Ottawa
Canada
CEO/chair Alison Nankivell
President & CEO
Supervisor
Ownership

Export Development Canada is fully owned by the government of Canada.

Export Development Canada (EDC; French: Exportation et Développement Canada) is Canada's export credit agency. Its task is to support and develop Canada's export trade by helping Canadian companies. It is a self-financing, (Crown owned, in right of Canada) corporation that operates at arm's length from the government. It provides insurance and financial services, and bonding products to Canadian exporters and investors and their international buyers. It also supports Canadian direct investment abroad and investments in Canada. EDC signed the Equator Principles in 2007.

Sustainability
Commitments
Policies
Voluntary standards

Export Development Canada's most important sustainability commitments can be found at the website sections listed below.

Links

ESG

ESG Policies

2023-02-01 00:00:00

Environmental and Social Risk Management Policy

Bank policy
2023-02-01 00:00:00 | EDC
2022-10-13 00:00:00

Climate Change Policy

Bank policy
2022-10-13 00:00:00 | EDC
2022-10-13 00:00:00

Human rights policy

Bank policy
2022-10-13 00:00:00 | EDC
2020-04-06 00:00:00

Transparancy and disclosure policy

Bank policy
2020-04-06 00:00:00 | Export Development Canada
2019-05-01 00:00:00

Environmental and social review directive

Bank policy
2019-05-01 00:00:00 | Export Development Canada
2017-01-31 00:00:00

Statement on the support for coal-fired power plants

Bank policy
2017-01-31 00:00:00 | Export Development Canada
2017-01-23 00:00:00

Keeping corruption out: EDC's guide for Canadian exporters

Bank policy
2017-01-23 00:00:00 | Export Development Caqnada
2016-03-04 00:00:00

What We Stand For

Code of Business Ethics and Code of Conduct
Bank policy
2016-03-04 00:00:00 | Export Development Canada
2015-08-19 00:00:00

EDC's Approach to Combatting Bribery and Corruption in International Business Transactions

Bank policy
2015-08-19 00:00:00 | Export Development Canada
2015-07-06 00:00:00

Corporate Social Responsibility Policy

Bank policy
2015-07-06 00:00:00 | Export Development Canada
2011-09-14 00:00:00

EDC's Anti-Corruption Policy Guidelines

Bank policy
2011-09-14 00:00:00 | Export Development Canada
Export Development Canada has committed itself to the following voluntary standards:
Convention on Combating Bribery of Foreign Public Officials in International Business TransactionsTags: corruption | OECD
Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development
Extractive Industries Transparency InitiativeTags: oil and gas | mining and processing | transparency
Global Reporting InitiativeTags: sustainable development | human rights
Global Reporting Initiative- G3 Reporting FrameworkTags: transparency
OECD Guidelines for Multinational EnterprisesTags: consumer safety | corporate social responsibility | corruption | cultural preservation | dams | human rights | mining and processing | OECD | supply chain | taxation | worker rights
UN Guiding Principles on Business and Human RightsTags: United Nations | human rights
UNEP Finance InitiativeTags: United Nations | sustainable development
Voluntary Principles on Security and Human RightsTags: human rights | safety
Dodgy Deals

Export Development Canada is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Export Development Canada's link to these deals.

Projects / Companies
Finance type
Year
News
BankTrack
Partners
Blog
External
BankTrack news BankTrack blog Partner news Partner blog

How green is your bank? New research says banks still fund fossil fuel projects

BankTrack mentioned
2021-11-06 | Canada | The Weather Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

BankTrack research sheds new light on finance for fossil fuels by Equator banks
2021-10-26 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

2021-08-19 | Forests & Finance
Blog
BankTrack news BankTrack blog Partner news Partner blog

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles requirements missing for most projects, finds new BankTrack study

Research into 37 projects financed 'under Equator' finds project-level grievance mechanisms or stakeholder engagement processes cannot be evidenced in 65% of cases
2020-08-11 | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Indigenous Groups Lead Movement to Call on Banks to Drop Enbridge’s Controversial Line 3 Pipeline

Tribal Nations based in Minnesota oppose the project and the Minnesota Department of Commerce has condemned it
2017-09-21 | Minneapolis, MN | Honor the Earth, Rainforest Action Network
Blog
BankTrack news BankTrack blog Partner news Partner blog

Who's bankrolling TransCanada?

Banking on TransCanada means banking on Keystone XL
2017-03-24 | Alison Kirsch - Rainforest Action Network
BankTrack news BankTrack blog Partner news Partner blog

Canada lent billions to oil, gas and mining companies. Then it made a profit

2016-06-16 | National Observer
Blog
BankTrack news BankTrack blog Partner news Partner blog

New rules for Equator Principles, but no new commitments from banks

New governance rules represent missed chance for Equator Principles to take bold steps forward on transparency and accountability
2010-07-01 | Nijmegen, the Netherlands | BankTrack
Blog
BankTrack news BankTrack blog Partner news Partner blog

Equator Principles: Action, not words needed

BankTrack calls upon Citi, new chair of Equator Principles to take bold steps forward
2010-03-15 | Nijmegen, The Netherlands | BankTrack
BankTrack news BankTrack blog Partner news Partner blog

Civil society groups call for bold steps forward with Equator Principles

Major reforms needed on transparency, accountability, implementation and climate change
2010-01-14 | Nijmegen | BankTrack
Resources
Documents
Links
2024-06-30 00:00:00

Annual report 2023

Annual report
2024-06-30 00:00:00 | EDC
2023-06-13 00:00:00

Annual report 2022

Annual report
2023-06-13 00:00:00 | Export Development Canada
2023-02-01 00:00:00

Environmental and Social Risk Management Policy

Bank policy
2023-02-01 00:00:00 | EDC
2022-10-13 00:00:00

Climate Change Policy

Bank policy
2022-10-13 00:00:00 | EDC
2022-10-13 00:00:00

Human rights policy

Bank policy
2022-10-13 00:00:00 | EDC
2022-07-14 00:00:00

Letter from BankTrack and Mars se Drine to Export Development Canada on Rio Tinto Jadar Lithium Mine

Correspondence
2022-07-14 00:00:00 | BankTrack and Mars se Drine
2022-06-07 00:00:00

Annual report 2021

Annual report
2022-06-07 00:00:00 | EDC
2021-08-19 00:00:00

Recipients of the letter about the risk of the anti-environment agenda in the Brazilian Congress

NGO document
2021-08-19 00:00:00 | BankTrack
2021-05-20 00:00:00

Annual report 2020

Annual report
2021-05-20 00:00:00 | Export Development Canada
2020-07-06 00:00:00

Annual report 2019

Annual report
2020-07-06 00:00:00 | EDC
2020-04-06 00:00:00

Transparancy and disclosure policy

Bank policy
2020-04-06 00:00:00 | Export Development Canada
2020-01-31 00:00:00

Adding fuel to the fire

Export credit agencies and fossil fuel finance
NGO document
2020-01-31 00:00:00 | Friends of the Earth US, Oil Change International
2019-06-30 00:00:00

Annual integrated report 2018

Annual report
2019-06-30 00:00:00 | Export Development Canada
2019-05-21 00:00:00

Fool's Gold

The financial institutions bankrolling Europe’s most coal-dependent utilities
NGO document
2019-05-21 00:00:00 | Europe Beyond Coal
2019-05-01 00:00:00

Environmental and social review directive

Bank policy
2019-05-01 00:00:00 | Export Development Canada
2019-05-01 00:00:00

EDC Public response paper

Other bank document
2019-05-01 00:00:00 | Export Development Canada
2018-03-31 00:00:00

Annual report 2017

Annual report
2018-03-31 00:00:00 | Export Development Canada
2018-03-31 00:00:00

CSR report 2017

Annual report
2018-03-31 00:00:00 | Export Development Canada
2017-05-08 00:00:00

Lists of CSR Related Agreements, Frameworks, etc.

Other bank document
2017-05-08 00:00:00 | Export Development Canada
2017-01-31 00:00:00

Statement on the support for coal-fired power plants

Bank policy
2017-01-31 00:00:00 | Export Development Canada
2017-01-31 00:00:00

Annual Report 2016

Annual report
2017-01-31 00:00:00 | Export Development Canada
2017-01-23 00:00:00

Keeping corruption out: EDC's guide for Canadian exporters

Bank policy
2017-01-23 00:00:00 | Export Development Caqnada
2016-07-12 00:00:00

Annual Report 2015

Annual report
2016-07-12 00:00:00 | Export Development Canada
2016-03-04 00:00:00

What We Stand For

Code of Business Ethics and Code of Conduct
Bank policy
2016-03-04 00:00:00 | Export Development Canada
2016-01-31 00:00:00

2015 CSR Report

Annual report
2016-01-31 00:00:00 | Export Development Canada
2015-08-19 00:00:00

EDC's Approach to Combatting Bribery and Corruption in International Business Transactions

Bank policy
2015-08-19 00:00:00 | Export Development Canada
2015-07-12 00:00:00

2014 CSR Report

Annual report
2015-07-12 00:00:00 | Export Development Canada
2015-07-06 00:00:00

Annual Report 2014

Annual report
2015-07-06 00:00:00 | Export Development Canada
2015-07-06 00:00:00

Corporate Social Responsibility Policy

Bank policy
2015-07-06 00:00:00 | Export Development Canada
2011-09-15 00:00:00

Disclosure Policy

Other bank document
2011-09-15 00:00:00 | Export Development Canada
2011-09-14 00:00:00

EDC's Anti-Corruption Policy Guidelines

Bank policy
2011-09-14 00:00:00 | Export Development Canada

EDC's Corporate Social Responsibility web page

Accountability
Grievances

Export Development Canada operates a Compliance and Ethics Officer who receives and reviewes complaints from stakeholders.

Export Development Canada is an Equator Principles signatory. While the Equator Principles have no official grievance mechanism, complaints relating to this bank's financing of Equator Principles projects can be filed through our own website www.equator-complaints.org.

This page evaluates Export Development Canada's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Nature

Banks and Nature

Export Development Canada's policies for forest-risk sectors (beef, soy, palm oil, pulp and paper, rubber and timber) have been assessed by the Forests & Finance coalition, achieving an overall score of 3 out of 10 and ranking it as a follower. Export Development Canada achieved a score of 0 out of 10 specifically for its policies related to the beef sector and 0 out of 10 for its policies related to the palm oil sector. Between 2016 and 2022, Export Development Canada provided USD 885 million in credit to companies operating in these forest-risk sectors. For more information, see the links below.

Forests & Finance

Banks and beef

Banks and palm oil

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Export Development Canada (EDC)
2022-09-21
CAN
3
Follower 3
0
Canada
Profile
Score
Follower
3
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the main forest-risk commodity sectors (Beef, Palm Oil, Soy, Timber, Pulp and Paper, and Rubber). Weighted scores are based on the scope of Export Development Canada's relevant policies, taking into account different types of financing and the sectors in which the bank is active. Details about the scores per sector policy can be found on Export Development Canada's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its policies. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Beef

BankLast update
Country
Score
Ranking
Details
Export Development Canada (EDC)
2022-09-21
CAN
0
Laggard 0
0
Canada
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to beef. Weighted scores are based on the scope of relevant policies, taking into account what types and how much finance the bank provides to companies active in the beef industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Export Development Canada's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its beef policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.

Forest & Finance Policy Assessment 2022: Palm Oil

BankLast update
Country
Score
Ranking
Details
Export Development Canada (EDC)
2022-09-21
CAN
0
Laggard 0
0
Canada
Profile
Score
Laggard
0
20220921
Last update: 2022-09-21
Explanation

The policy assessment covers the bank's policies related to palm oil. Weighted scores are based on the scope of ABN AMRO's relevant policies, taking into account what types and how much finance the bank provides to companies active in the palm oil industry. Details of the criteria used to assess the policies and scores for other forest-risk commodity sectors can be found on Export Development Canada's profile.

Explanation

A bank can obtain a total of 10 points for the quality of its palm oil policy. The total score is based on their scores per sector, weighted against their financing and investment for each sector. For further details on this see here. Based on their overall score, banks are then classified as Laggards, Followers, Front runners or Leaders, as follows:

Laggard
Follower
Front runner
Leader
0 - 1 points
1 - 4 points
4 - 7 points
7 - 10 points
For more details see this page.
Good Moves

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