Company Directory - Export Development Canada
Company Details - Export Development Canada
Export Development Canada
WebsiteOttawa, Canada
Export Development Canada (EDC) is a Crown corporation that supports Canadian businesses in international trade by providing financing and insurance. It offers a range of services including export financing, insurance and risk management solutions to help companies succeed in global markets.
CCI Score
CCI Score: Export Development Canada
-21.99
0.01%
Latest Event
Report to UN Committee: Canada Complicit in Mining Companies’ Abuses Against Women
A report submitted to the UN Committee on the Elimination of Discrimination against Women criticizes Export Development Canada for financing mining companies accused of systemic human rights abuses against women, highlighting the ethical and structural implications of its financial support in the extractive sector.
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ACCOMPLICE
Export Development Canada is currently rated as an Accomplice.
Latest Events
- MAR192025
A report submitted to the UN Committee on the Elimination of Discrimination against Women criticizes Export Development Canada for financing mining companies accused of systemic human rights abuses against women, highlighting the ethical and structural implications of its financial support in the extractive sector.
-80
Business Practices and Ethical Responsibility
March 25
Export Development Canada is being critiqued for providing financial loans to mining companies implicated in extensive human rights abuses, including discrimination and sexual violence against women. This funding underpins unethical business practices and exacerbates systemic failures in corporate accountability.
Report to UN Committee: Canada Complicit in Mining Companies’ Pervasive Abuses Against Women
-75
Economic and Structural Influence
March 25
By channeling funds to companies operating in the mining sector that have been linked to systemic abuse and environmental degradation, Export Development Canada reinforces structural inequalities and supports industries that are complicit in perpetuating authoritarian practices abroad.
Report to UN Committee: Canada Complicit in Mining Companies’ Pervasive Abuses Against Women
- NOV022023
An audit report by the Auditor General of Canada reveals that Export Development Canada’s Environmental and Social Review Directive is narrowly applied and lacks transparency, allowing significant financing transactions – including those for carbon‑intensive projects – to avoid rigorous review. This raises concerns over the corporation's ethical responsibility and accountability.
-30
Business Practices and Ethical Responsibility
March 25
The Auditor General’s report highlights that Export Development Canada applies its Environmental and Social Review Directive too narrowly, subjecting only 0.4% of transactions to review while allowing projects with significant environmental and social risks to proceed with minimal oversight. This lack of comprehensive due diligence and transparency undermines ethical responsibility and fosters practices that could indirectly support harmful power structures.
Environmental and Social Review Directive—Export Development Canada
- JUN222020
Amnesty International Canada and affected community groups have condemned Export Development Canada's financing of dam projects in Colombia, highlighting the adverse environmental and human rights impacts. The open letter criticizes EDC’s due diligence processes and inadequate response, calling for greater accountability and remedial action.
-70
Business Practices and Ethical Responsibility
March 25
Export Development Canada's decision to finance dam projects in Colombia has been severely criticized for neglecting proper human rights assessments. Its due diligence process failed to address environmental destruction and the adverse impacts on local and indigenous communities, reflecting deeply flawed business practices and ethical responsibility.
Export Development Canada: Stop investing in environmental and human rights harm
-50
Public and Political Behavior
March 25
EDC’s public communication, particularly the response letter from its President and CEO, was seen as evasive and insufficient in addressing serious concerns raised by community groups and human rights defenders. This lack of transparency and accountability in its public and political behavior undermines trust and feeds perceptions of complicity in harmful state-backed practices.
Export Development Canada: Stop investing in environmental and human rights harm
- JUL022019
A federal review found that Export Development Canada’s disclosure practices fall significantly short compared to private financial institutions, raising concerns about its lack of accountability and its continued support for companies with histories of corruption, human rights abuses, and repressive technologies.
-20
Public and Political Behavior
March 25
The federal review exposes significant deficiencies in EDC's public transparency and governance. The inadequate disclosure practices hinder public oversight and obscure potential political and ideological influences, which is concerning from a public and political behavior standpoint.
Federal review of Export Development Canada finds inadequate disclosure practices
-40
Business Practices and Ethical Responsibility
March 25
EDC’s non-financial disclosure practices are deeply inadequate compared to those in the private sector. This lack of transparency, especially regarding the environmental and human rights impacts of its financial support, reflects poor business practices and ethical responsibility, indirectly facilitating support for companies with objectionable records.
Federal review of Export Development Canada finds inadequate disclosure practices
-30
Technology and Services Impact
March 25
EDC's provision of a loan guarantee for internet content-filtering software used in Bahrain exemplifies support for technology that can be used to suppress political dissent and censor opposition, thereby contributing to the proliferation of repressive technologies.
Federal review of Export Development Canada finds inadequate disclosure practices
-25
Economic and Structural Influence
March 25
EDC’s pattern of granting large loans and credit guarantees to companies with histories of corruption and human rights controversies illustrates significant economic and structural risks. These practices enable financial support that may indirectly buttress authoritarian regimes or corrupt entities.
Federal review of Export Development Canada finds inadequate disclosure practices
- MAY012019
Export Development Canada, as Canada's export credit agency, launched a pioneering human rights policy based on the UN Guiding Principles on Business and Human Rights. This initiative marks a significant move towards promoting ethical business practices by integrating strong labor and human rights standards, thereby providing clearer guidance to Canadian companies operating in challenging international markets.
+80
Business Practices and Ethical Responsibility
March 25
Export Development Canada's rollout of its dedicated human rights policy demonstrates a robust commitment to ethical business practices. By aligning its policy with the United Nations Guiding Principles on Business and Human Rights, EDC sets a precedent for transparency and accountability in addressing labor and human rights concerns in international trade. This proactive stance reduces risks associated with human rights abuses, and fosters fair labor practices among Canadian businesses operating globally.
- MAR082018
Canadian NDP MPs and critics have called for a comprehensive review of Export Development Canada's lending practices after revelations of a $41 million loan to a family embroiled in corruption in South Africa. The concerns center on a lack of transparency, inadequate vetting, and potential misuse of public funds, raising questions about the center's ethical responsibilities and its influence on political processes.
-50
Public and Political Behavior
March 25
The article highlights serious concerns regarding EDC's transparency and accountability in its political dealings. Political oversight is questioned as critics note that decisions on large, controversial loans have been made without sufficient public accountability, undermining democratic processes.
Canada’s export bank needs an overhaul following private jet corruption scandal
-70
Business Practices and Ethical Responsibility
March 25
EDC's decision to approve large loans to entities with questionable backgrounds, such as the Gupta family and Turquoise Hill Resources, reflects a problematic disregard for ethical lending standards. The lack of thorough vetting and transparency in these transactions undermines ethical business practices and fuels corruption.
Canada’s export bank needs an overhaul following private jet corruption scandal
-40
Economic and Structural Influence
March 25
The scale of EDC's financial operations, managing over $112 billion in loans and investments, combined with dubious loan approvals, raises concerns over its structural and economic influence. The misuse of public funds to support questionable projects may contribute indirectly to broader systemic issues, including the erosion of public trust in government-backed institutions.
Canada’s export bank needs an overhaul following private jet corruption scandal
- JUN142017
Export Development Canada's response was criticized for its lack of substantive answers regarding human rights due diligence. The agency failed to address allegations of indigenous, labor, and environmental rights abuses linked to its financed clients in Colombian oilfields, raising concerns about its ethical responsibilities.
-40
Business Practices and Ethical Responsibility
March 25
EDC's letter of reply did not provide substantive answers to serious allegations related to human rights due diligence. This failure to address issues such as indigenous consultation, labor rights, and environmental concerns in its financing decisions signals a disregard for ethical business practices and contributes to broader systemic neglect.
EDC’s response to alleged abuse in Colombian oilfields highlights deficits in due diligence
-30
Labor Relations and Human Rights Practices
March 25
The correspondence highlights serious shortcomings in addressing labor and indigenous rights. By neglecting to ensure that client organizations remediate human rights abuses and safeguard vulnerable local communities, EDC demonstrates problematic labor relations and a disregard for human rights responsibilities.
EDC’s response to alleged abuse in Colombian oilfields highlights deficits in due diligence
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