CSR Press Release

OTTAWA, Aug. 23 /CSRwire/ - Export Development Canada (EDC), Canada's Export Credit Agency, today issued its seventh Annual Report on Corporate Social Responsibility (CSR). 

“This year, greater integration between our CSR and corporate Annual Reports is a reflection that CSR is not only firmly embedded in EDC’s business activities, but also in its corporate strategy,” said Jim McArdle, Senior Vice-President, Legal Services and Corporate Secretary of EDC, who is responsible for CSR at EDC.

In addition to the expanded online CSR Annual Report, EDC’s key CSR achievements are also integrated into EDC’s corporate Annual Report in areas that touch upon CSR issues and practices. 

The CSR report highlights EDC's new Environmental and Social Risk Management Framework for managing environmental and social risks. The framework was released in November 2010 and includes a commitment to increase disclosure of information about projects with greater potential for environmental and social impacts. 

The 2010 CSR Report outlines EDC’s other CSR activities and achievements during the year, including:

• built capacity in mining sector to understand CSR requirements for mining projects and to see the CSR benefits it can offer;
• expanded its Beyond Exports partnership with CARE Canada to cover the sub-Saharan Africa (Zambia) in addition to Latin America (Peru); and
• increased the engagement of its Board of Directors on CSR issues.

To reduce EDC’s operational footprint, this detailed report is only available online.

EDC remains committed to improving the transparency of its business operations to a wide range of stakeholders. 

For more information and to view EDC’s Annual Report on CSR visit: www.edc.ca/csrreport2010. Feedback and comments are welcome at csr-rse@edc.ca.

EDC is Canada’s export credit agency, offering innovative commercial solutions to help Canadian exporters and investors expand their international business. EDC’s knowledge and partnerships are used by more than 8,200 Canadian companies and their global customers in up to 200 markets worldwide each year. EDC is financially self-sustaining and a recognized leader in financial reporting and economic analysis.

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