Export Development Canada

SECTOR Agency
RATINGS AAA/Aaa
RATING OUTLOOK Both stable
FUNDING VOLUME 2019/2020 US$11.2BN/US$12BN
RISK WEIGHT 0%
REPO ELIGIBILITY RBA, RBNZ, ECB
About Export Development Canada

Export Development Canada (EDC) was created in 1944 to be Canada’s official export-credit agency. It was strengthened in 1969 when it was transformed into a Crown corporation by the Export Development Act. The second piece of legislation governing EDC is the Financial Administration Act.

In March 2014, Canada’s federal government authorised EDC to cover domestic financing and insurance services with some limitations attached. In 2015, the federal government announced plans for a development-finance institution under EDC to support private-sector financing to facilitate investment in developing countries. In 2018, the government of Canada launched a legislative review of the Export Development Act. The act requires the minister of international trade to undertake a legislative review of EDC every 10 years to examine different aspects of the role, functions and governance of EDC.

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 and support the transition to a low-carbon economy.

GSS BOND PROGRAMME Green Bond Program

REFERENCE TAXONOMY FOR THE USE OF PROCEEDS

 Issuer’s own definitions
FRAMEWORKS WITH WHICH THE GSS BOND PROGRAMMES ARE ALIGNED Green Bond Principles
EXTERNAL REVIEW PROVIDER CICERO
Sustainable funding strategy

In revealing its new Climate Change Policy in 2019, EDC took another significant step in contributing to the global transition to a lower-carbon, sustainable economy.

The new policy 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. In so doing, EDC joins a growing number of industry leaders acting to understand, address and disclose business risks and opportunities related to climate change.

EDC’s commitment to the Green Bond Program is aligned with the government of Canada’s own commitment to address climate change. The funds raised have financed transactions in a wide variety of industries and technologies. All these transactions have addressed at least one of two goals: cleaner and safer air, water or soil; or the mitigation of climate change. EDC remains committed to the long-term growth of its Green Bond Program and the transactions it supports.