Published 08-23-11
Issued by Export Development Canada
The report is integrated with the EDC Annual Report - a new development in CSR reporting that presents information on CSR in both places
Export Development Canada (EDC), Canada's Export Credit Agency, has issued its seventh Annual Report on Corporate Social Responsibility (CSR). This year the report is integrated with the EDC Annual Report - a new development in CSR reporting that presents information on CSR in both places.
“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.
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.
Other key achievements during the year include: built capacity in mining sector to understand CSR requirements for mining projects and the 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.
To view EDC’s Annual CSR Report 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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EDC is a Canadian financial Crown corporation that helps companies go, grow, and succeed in their international business. We do this by providing financing, insurance, bonding, trade knowledge, and matchmaking connections to help Canadian companies sell and invest abroad. EDC can also provide financial solutions to foreign buyers to facilitate and grow purchases from Canadian companies. A financially self-sustaining corporation, EDC is a recognized leader in financial reporting, economic analysis. At EDC, we commit to carry out our mandate in a socially responsible manner consistent with our corporate values.