Export Development Canada

SECTOR Agency
RATINGS AAA/Aaa
RATING OUTLOOK Both stable
FUNDING VOLUME 2021/2022 US$5.8BN/US$10-12BN (target)
RISK WEIGHT 0%
REPO ELIGIBILITY RBA, RBNZ, ECB
About Export Development Canada

Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage. As international risk experts, EDC equips Canadian companies with the tools they need – the trade knowledge, financing solutions, equity, insurance and connections – to grow their business with confidence.

Underlying all EDC’s support is a commitment to sustainable and responsible business.

To help Canadian businesses facing extreme financial challenges brought on by the global response to COVID-19, the government of Canada expanded EDC’s domestic capabilities until 31 December 2021, with exception to some credit insurance programmes that have been extended into 2022. This broader mandate has enabled EDC to expand its support to companies focused domestically.

FOR FURTHER INFORMATION PLEASE CONTACT:

Susan Love
Vice President and Treasurer
+1 613 598 2800
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.edc.ca 

SUSTAINABILITY OBJECTIVES OF GSS BOND PROGRAMME
Proceeds of these bonds are used to finance projects that benefit the environment, support the transition to a low-carbon economy and address social inequities.

GSS BOND PROGRAMME NAME EDC Sustainable Bond Framework

REFERENCE TAXONOMY FOR THE USE OF PROCEEDS

 Issuer’s own definitions
FRAMEWORK WITH WHICH THE GSS BOND PROGRAMME IS ALIGNED Alignment with the four core components of the Green Bond Principles
EXTERNAL REVIEW PROVIDER Sustainalytics

PUBLIC ISSUER ESG RATINGS/SCORES

INSTITUTION RATING/SCORE
Sustainalytics 7.3
Sustainable funding strategy

EDC launched its Climate Change Policy in 2019. It commits EDC to measuring, monitoring and disclosing climate-related risks and opportunities, integrating climate change considerations into business decisions, and encouraging partners to do the same.

EDC’s commitment to the green bond programme is aligned with the government of Canada’s commitment to address climate change. The funds raised have addressed at least one of two goals: cleaner and safer air, water or soil or the mitigation of climate change. EDC has achieved this goal ahead of schedule. It is now driving changes in the composition of its portfolio in pursuit of low-carbon transition.

In 2021-22, EDC committed to net zero by 2050 and released a new sustainable bond framework to enable investment in businesses and projects delivering environmental and social impacts. The framework intensifies EDC’s focus on climate change by adding transition proceeds, and enables a more equitable society. In addition to green bonds, EDC will issue sustainable, social and transition bonds.