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Export Development CanadaCanada
Created before Nov 2016
Last update: 2017-06-23 14:02:09
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About Export Development Canada
EDC headquarters in Ottawa. Photo: Google Earth/StreetviewExport 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 respond to international business opportunities. 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, bonding products and small business solutions to Canadian exporters and investors and their international buyers. It also supports Canadian direct investment abroad and investment into Canada. Much of its business is done in partnership with other financial institutions and through collaboration with the government of Canada.
EDC signed the Equator Principles in 2007, and is therefore part of BankTrack's Equator Principles Track and Chase project.
| Website | https://www.edc.ca/EN/Pages/default.aspx |
| Headquarters |
150 Slater Street
ON K1A 1K3 Ottawa
Canada
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| CEO/chair |
Benoit Daignault President & Chief Executive Officer |
| Supervisor | |
| Annual reports |
Annual Report 2016 2015 CSR Report |
| Ownership |
Fully owned by the government of Canada, see here for more information. |
Related Dodgy Deals
Export Development Canada has been linked to the following "Dodgy Deals", e.g. as a current or past financier or through an expression of interest. Find out more about dodgy deals here. See the project or company profile for more details on the nature of the bank's link to the Dodgy Deal.
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Projects
Active
Line 3 Pipeline Replacement Project (L3RP) Canada
There are no projects active for Export Development Canada now.
Companies
Active
TransCanada Corporation Canada
There are no companies active for Export Development Canada now.
Dodgy Deals map
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Links
Policies
Voluntary initiatives
Export Development Canada has committed itself to the following voluntary standards:- Convention on Combating Bribery of Foreign Public Officials in International Business Transactions
- Equator Principles
- Extractive Industries Transparency Initiative
- Global Reporting Initiative
- Global Reporting Initiative- G3 Reporting Framework
- OECD Guidelines for Multinational Enterprises
- UN Guiding Principles on Business and Human Rights
- UNEP Finance Initiative
- Voluntary Principles on Security and Human Rights
Issues
Export Development Canada and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Export Development Canada adopted the Equator Principles in 2007.
Reporting on the Equator Principles
Export Development Canada must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
- Export Development Canada is in compliance with its reporting obligations. The 2016 report can be found here.
Dodgy Deals
Export Development Canada is involved in financing the following Equator Principles projects that BankTrack considers controversial.
There are no projects active for Export Development Canada now.
Equator Principles
Implementation and reporting
Export Development Canada is reporting on the implementation here.
Contact and complaints
Equator Principles Dodgy Deals
Good moves
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