Export Development CanadaCanada
Created before Nov 2016
Last update: 2019-10-01 17:54:36
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About Export Development 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, and is therefore part of BankTrack's Equator Principles Track and Chase project.

Website http://www.edc.ca
Headquarters
150 Slater Street
ON K1A 1K3 Ottawa
Canada
CEO/chair Mairead Lavery
President & CEO
Supervisor
Annual report Annual integrated report 2018
Ownership

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

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.

Projects - active profiles

Line 3 Pipeline Replacement Project (L3RP) United States profile

oil and gas | transport and infrastructure
Debt – corporate loan
EDC does not provide direct financing for the Line 3 replacement but provides revolving credit for Enbridge.
source: Greenpeace
link
There are no active projects for Export Development Canada now.

Projects - on record profiles

Great Barrier Reef Coal & Gas Exports Australia profile

oil and gas | transport and infrastructure
Debt – corporate loan
AUD 841 million
5 May 2013
source: link

Nam Theun 2 dam Laos profile

energy plants - dams
Uncategorised

Rosemont Copper Mine United States profile

mining - non coal
Approached, interested
source: link

SOCAR Aegean Refinery Turkey profile

energy plants - coal | oil and gas
Debt – project finance
USD 2.69 billion
January 2015
Partipant in USD 2.69bn of ECA direct and covered loans with 18 year tenor.
source: TFR

Companies - active profiles

Arauco Chile profile

forestry - pulp and paper
Debt – corporate loan
USD 188 million
2011 - 2017
Loans and underwritings to Arauco between 2011 and 2017
source: Thomson Reuters Eikon, “Corporate events-deals”, viewed in January 2017; Bloomberg, “Loans”, viewed in January 2017; Bloomberg, “Share and Bond issuance underwritings”, viewed in January 2017.
There are no active companies for Export Development Canada now.

Companies - on record profiles

Marubeni Japan profile

energy plants - coal | forestry - pulp and paper | mining - non coal | transport and infrastructure
Debt – project finance
USD 650 million
5 November 2013
project finance for the development of the Antucoya copper mining, provided together with JBIC, KfW, Mizuho Bank, Sumitomo Mitsui Banking Corporation, Natixis, ING, Corpbanca, and Banco del Estado de Chile.
source: link

TC Energy Canada profile

Debt – corporate loan
USD 500 million
14 December 2017 - 14 December 2018
Co financed USD 500 million credit facility to TransCanada American Investment
source: Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2017
Co financed USD 1.5 billion credit renewal
source: Data provided by Rainforest Action Network via Bloomberg Professional Services
Debt – corporate loan
December 2016
Co financed USD 5 billion revolving credit facility

Dodgy Deals map

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News

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Type:
Year:
blog
external news
our news

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
external news
our news

Who's bankrolling TransCanada?

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

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

2016-06-16 | National Observer
blog
external news
our news

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
external news
our news

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
blog
external news
our news

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

Documents

| | | | | | | | | | | |
Type:
Year:
csr policies

Transparancy and disclosure policy

2020-04-06 00:00:00 | Export Development Canada
ngo documents

Adding fuel to the fire

Export credit agencies and fossil fuel finance
2020-01-31 00:00:00 | Friends of the Earth US, Oil Change International
annual reports

Annual integrated report 2018

2019-06-30 00:00:00 | Export Development Canada
ngo documents

Fool's Gold

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

Human rights policy

2019-05-01 00:00:00 | Export Development Canada
csr policies

Enviromental and social risk management policy

2019-05-01 00:00:00 | Export Development Canada
csr policies

Environmental and social review directive

2019-05-01 00:00:00 | Export Development Canada
bank documents

EDC Public response paper

2019-05-01 00:00:00 | Export Development Canada
csr policies

Climate change policy

2019-01-28 00:00:00 | Export Development Canada
annual reports

Annual report 2017

2018-03-31 00:00:00 | Export Development Canada
annual reports

CSR report 2017

2018-03-31 00:00:00 | Export Development Canada
bank documents

Lists of CSR Related Agreements, Frameworks, etc.

2017-05-08 00:00:00 | Export Development Canada
csr policies

Statement on the support for coal-fired power plants

2017-01-31 00:00:00 | Export Development Canada
annual reports

Annual Report 2016

2017-01-31 00:00:00 | Export Development Canada
csr policies

Keeping corruption out: EDC's guide for Canadian exporters

2017-01-23 00:00:00 | Export Development Caqnada
annual reports

Annual Report 2015

2016-07-12 00:00:00 | Export Development Canada
csr policies

What We Stand For

Code of Business Ethics and Code of Conduct
2016-03-04 00:00:00 | Export Development Canada
annual reports

2015 CSR Report

2016-01-31 00:00:00 | Export Development Canada
csr policies

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

2015-08-19 00:00:00 | Export Development Canada
annual reports

2014 CSR Report

2015-07-12 00:00:00 | Export Development Canada
annual reports

Annual Report 2014

2015-07-06 00:00:00 | Export Development Canada
csr policies

Corporate Social Responsibility Policy

2015-07-06 00:00:00 | Export Development Canada
bank documents

Disclosure Policy

2011-09-15 00:00:00 | Export Development Canada
csr policies

EDC's Anti-Corruption Policy Guidelines

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

Links

Corporate Social Responsibility

http://www.edc.ca/EN/About-Us/Corporate-Social-Responsibility/Pages/default.aspx

Compliance Officer

EDC's webpage for submitting a compliant
http://www.edc.ca/EN/About-Us/Management-and-Governance/Compliance-Officer/Pages/default.aspx

Policies

Voluntary initiatives

Export Development Canada has committed itself to the following voluntary standards:

Investment policies

Export Development Canada'swebpage on corporate social responsibility can be accessed here.

Year:
csr policies

Transparancy and disclosure policy

2020-04-06 00:00:00 | Export Development Canada
csr policies

Human rights policy

2019-05-01 00:00:00 | Export Development Canada
csr policies

Enviromental and social risk management policy

2019-05-01 00:00:00 | Export Development Canada
csr policies

Environmental and social review directive

2019-05-01 00:00:00 | Export Development Canada
csr policies

Climate change policy

2019-01-28 00:00:00 | Export Development Canada
csr policies

Statement on the support for coal-fired power plants

2017-01-31 00:00:00 | Export Development Canada
csr policies

Keeping corruption out: EDC's guide for Canadian exporters

2017-01-23 00:00:00 | Export Development Caqnada
csr policies

What We Stand For

Code of Business Ethics and Code of Conduct
2016-03-04 00:00:00 | Export Development Canada
csr policies

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

2015-08-19 00:00:00 | Export Development Canada
csr policies

Corporate Social Responsibility Policy

2015-07-06 00:00:00 | Export Development Canada
csr policies

EDC's Anti-Corruption Policy Guidelines

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

Equator Principles

Implementation and reporting

Export Development Canada is reporting on the implementation here.

Contact and complaints

Equator Principles Dodgy Deals

Projects

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Nam Theun 2 dam Laos

energy plants - dams

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SOCAR Aegean Refinery Turkey

energy plants - coal | oil and gas

Good moves

Year: