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Export Development CanadaCanada
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Created before Nov 2016
Last update: 2022-05-02 00:00:00

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EDC headquarters in Ottawa. Photo: Google Earth/Streetview

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.

Website http://www.edc.ca
Headquarters
150 Slater Street
ON K1A 1K3 Ottawa
Canada
CEO/chair Mairead Lavery
President & CEO
Supervisor
Annual report Annual report 2020
Ownership

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

Complaints and grievances

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

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.

Dodgy Deals map

All
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|
Companies
Targets
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Active profiles
|
On record profiles

Policy Assessments

Tracking the Equator Principles

EPFIs reporting status

BankLast update
Country
Reporting period
PF deals under EP
Project names reported
% Project names reported
Details
Export Development Canada (EDC)
2022-08-18
CAN
2021
4
4
100
1.01000000005E+38
0
Canada
Profile
Reporting period
2021
PF deals under EP
4
Project names reported
4
% Project names reported
100
20220818
Last update: 2022-08-18
Explanation

EP reporting page: https://equator-principles.com/reporting-export-development-canada-2019/

Explanation

Project name reporting status of Equator Principles signatories for each financial institutions' most recent reporting period. Where there is no percentage presented the EPFI has not reported having financed any project transactions in that reporting period. 

For more details see this page.

Banks and Nature

Forest & Finance Policy Assessment 2022: Overall scores

BankLast update
Country
Score
Ranking
Details
Export Development Canada (EDC)
2022-09-21
CAN
3
Follower

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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

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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 ABN AMRO's 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

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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.

News

| |
Type:
Year:
blog
external news
our news

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

2021-11-06 | Canada | The Weather Network
blog
external news
our news

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
external news
our news

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

2021-08-19 | Forests & Finance
blog
external news
our news

New BankTrack Equator Principles reporting tracking tool launched

2020-09-21 | BankTrack
blog
external news
our news

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
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
2022-01-30 00:00:00

Climate change policy

2022-01-30 00:00:00 | EDC
csr policies
2022-01-29 00:00:00

Review of environmental and social risk management policy

2022-01-29 00:00:00 | EDC
ngo documents
2021-08-19 00:00:00

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

2021-08-19 00:00:00 | BankTrack
annual reports
2021-05-20 00:00:00

Annual report 2020

2021-05-20 00:00:00 | Export Development Canada
annual reports
2020-07-06 00:00:00

Annual report 2019

2020-07-06 00:00:00 | EDC
csr policies
2020-04-06 00:00:00

Transparancy and disclosure policy

2020-04-06 00:00:00 | Export Development Canada
ngo documents
2020-01-31 00:00:00

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
2019-06-30 00:00:00

Annual integrated report 2018

2019-06-30 00:00:00 | Export Development Canada
ngo documents
2019-05-21 00:00:00

Fool's Gold

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

Human rights policy

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

Enviromental and social risk management policy

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

Environmental and social review directive

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

EDC Public response paper

2019-05-01 00:00:00 | Export Development Canada
annual reports
2018-03-31 00:00:00

Annual report 2017

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

CSR report 2017

2018-03-31 00:00:00 | Export Development Canada
bank documents
2017-05-08 00:00:00

Lists of CSR Related Agreements, Frameworks, etc.

2017-05-08 00:00:00 | Export Development Canada
csr policies
2017-01-31 00:00:00

Statement on the support for coal-fired power plants

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

Annual Report 2016

2017-01-31 00:00:00 | Export Development Canada
csr policies
2017-01-23 00:00:00

Keeping corruption out: EDC's guide for Canadian exporters

2017-01-23 00:00:00 | Export Development Caqnada
annual reports
2016-07-12 00:00:00

Annual Report 2015

2016-07-12 00:00:00 | Export Development Canada
csr policies
2016-03-04 00:00:00

What We Stand For

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

2015 CSR Report

2016-01-31 00:00:00 | Export Development Canada
csr policies
2015-08-19 00:00:00

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

2015-08-19 00:00:00 | Export Development Canada
annual reports
2015-07-12 00:00:00

2014 CSR Report

2015-07-12 00:00:00 | Export Development Canada
annual reports
2015-07-06 00:00:00

Annual Report 2014

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

Corporate Social Responsibility Policy

2015-07-06 00:00:00 | Export Development Canada
bank documents
2011-09-15 00:00:00

Disclosure Policy

2011-09-15 00:00:00 | Export Development Canada
csr policies
2011-09-14 00:00:00

EDC's Anti-Corruption Policy Guidelines

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

Links

EDC's Corporate Social Responsibility web page

https://www.edc.ca/en/about-us/corporate/corporate-sustainability-responsibility.html

Policies

Voluntary standards

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

Investment policies

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

Year:
csr policies
2022-01-30 00:00:00

Climate change policy

2022-01-30 00:00:00 | EDC
csr policies
2022-01-29 00:00:00

Review of environmental and social risk management policy

2022-01-29 00:00:00 | EDC
csr policies
2020-04-06 00:00:00

Transparancy and disclosure policy

2020-04-06 00:00:00 | Export Development Canada
csr policies
2019-05-01 00:00:00

Human rights policy

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

Enviromental and social risk management policy

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

Environmental and social review directive

2019-05-01 00:00:00 | Export Development Canada
csr policies
2017-01-31 00:00:00

Statement on the support for coal-fired power plants

2017-01-31 00:00:00 | Export Development Canada
csr policies
2017-01-23 00:00:00

Keeping corruption out: EDC's guide for Canadian exporters

2017-01-23 00:00:00 | Export Development Caqnada
csr policies
2016-03-04 00:00:00

What We Stand For

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

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

2015-08-19 00:00:00 | Export Development Canada
csr policies
2015-07-06 00:00:00

Corporate Social Responsibility Policy

2015-07-06 00:00:00 | Export Development Canada
csr policies
2011-09-14 00:00:00

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

active

Coastal GasLink pipeline Canada

Pipeline Transportation of Natural Gas
on record

Nam Theun 2 dam Laos

Hydroelectric Power Generation
on record

SOCAR Aegean Refinery Turkey

Coal Electric Power Generation | Oil and Gas Extraction

Good moves

Year:
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