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Transcript of Corporate Social Responsibility (CSR) @ EDC · PDF file Sustainability Corporate Citizen...

  • Trade Commissioners’ Briefing Nigel Selig Advisor, Environmental Advisory Services

    Corporate Social Responsibility

    (CSR) @ EDC

    28 April 2015

  • 2

    Outline

    What is it!!??

    EDC’s Commitment to CSR

    What does CSR mean to EDC Customers?

    Outlook

    What we need from you

  • 3

    What is CSR?

    Business Integrity

    Commercial

    Principles

    Viability of Project

    Sustainable

    Development

    Business

    Sustainability

    Corporate Citizen

    Corporate Integrity

    Corporate Social

    Responsibility

    Corporate

    Responsibility

  • 4

    Statement of Commitment to CSR

    At EDC we are committed to carrying out our mandate in

    a socially responsible manner consistent with our

    corporate values.

  • 5

    Corporate Plan Commitments

    CSR is one of EDC’s key operating

    principles

    It influences the way we execute our mandate

  • 6

    What does CSR mean to EDC

    Customers?

    Greatest impacts on customers:

    Anti-corruption declarations

    Review of environmental and social impacts

    Public disclosure of information (certain transactions)

    Human rights assessment (where applicable)

  • 7

    How does CSR touch EDC customers ?

    Anti-Corruption and Bribery

    •Raising Awareness

    •Customer Declarations

    •Legal Covenants

    •Enhanced Due Diligence

    •Corrective Measures

    Driven by: OECD

    Convention on Combating

    Bribery

  • 8

    What does CSR mean to EDC Customers?

    Environmental and Social Risk Review

     Screening of all individual transactions

     Transactions with significant impact on the environment

     Projects screened and categorized for potential

    adverse environmental impacts

     Determines if EDC can support project

  • 9

    How does CSR touch EDC customers?

    Environmental : Large Projects

    Mahan Smelter, Aditya Birla

    Group, India

     Large infrastructure projects are subject to a very thorough examination of the environmental and social impacts

     Ensures project sponsor or developer designs the project to international environmental standards: OECD Common Approaches + Equator Principles +

    EDC’s Environmental Review Directive (ERD)

     EDC monitors project implementation

  • 10

    How does CSR touch EDC customers?

    Transparency

     Balance between public accountability and customer confidentiality

     EDC’s Disclosure Policy governs the publication of customer information

     Compliance with the Access to Information and Privacy Act

  • 11

    What does CSR mean to EDC Customers?

    Disclosure of individual transactions

    See:

    www.edc.ca/disclosure

    « Reporting on

    Transactions »

    http://www.edc.ca/disclosure

  • 12

    How does CSR touch EDC customers?

    Ex-Ante Project Disclosure

  • 13

    What does CSR mean to EDC Customers?

    Large infrastructure projects – approved/signed

    Category A Projects Category B Projects

  • 14

    How does CSR touch EDC customers?

    Human Rights

    “EDC values human rights and provides

    its financing and insurance services

    with a view to the promotion and

    protection of internationally-

    recognized human rights.”Source:

    EDC Declaration on Human Rights

     All transactions are screened for potential human rights risk issues

     Sources of information: reports of DFATD, U.S. State Department

  • 15

    Outlook

    Combatting corruption

    Changing dynamics

    Government of Canada’s CSR Strategy

    Human rights

    Environmental and social review of corporate facilities

  • 16

    DFATD Assistance

    • Raising awareness about

    EDC’s CSR program and

    policies

    • Assistance and intelligence

    from the field

    • Partnering during CSR events

  • 17

    Questions / Comments

    For more information, see

    www.edc.ca/csr

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