Doing Better Together: EDC Releases Its Corporate Social Responsibility Annual Report for 2016
Export Development Canada is Canada’s export credit agency. Their job is to support and develop Canada’s export trade by helping Canadian companies respond to international business opportunities. In 2016, they helped more than 7,150 Canadian companies do business in over 200 countries.
Their rigorous due diligence requirements ensure that all projects and transactions they support are financially, environmentally and socially responsible. Ils croient que bien gérer les affaires, c'est-à-dire appliquer ces principes lorsqu’ils facilitent les exportations et les investissements des entreprises canadiennes, c'est bon pour les affaires.
For EDC, 2016 was a year full of business activities aimed at taking accountability and making a meaningful difference. Some of the highlights include:
- Conducting 669 due diligence reviews in aims of combatting corruption,
- Launching a multi-year project to advance their Financial Crimes and Know Your Customer (KYC) program,
- Moving to adopt and implement the OECD Sector Understanding limiting support for coal-fired power plants,
- Supporting $273 million in climate finance transactions in developing countries,
- Continuing to evolve and develop an approach for screening transactions for human rights risks,
- Continuing their role as an Equator Principles Association Steering Committee member,
- Holding the first-ever EDC Community Investment Day, with almost 900 employees across Canada and around the world volunteering to support 26 different organizations.
More information on these initiatives and others, as well as detailed information on the approaches used for EDC’s Environmental and Social Risk Review, can be found at the 2016 Corporate Social Responsibility Report site.
Senior Advisor, Stakeholder Relations
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