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Page 1: Corporate Social Responsibility (CSR) @ EDC · Sustainability Corporate Citizen Corporate Integrity Corporate Social Responsibility Corporate Responsibility . 4 Statement of Commitment

Trade Commissioners’ Briefing Nigel Selig Advisor, Environmental Advisory Services

Corporate Social Responsibility

(CSR) @ EDC

28 April 2015

Page 2: Corporate Social Responsibility (CSR) @ EDC · Sustainability Corporate Citizen Corporate Integrity Corporate Social Responsibility Corporate Responsibility . 4 Statement of Commitment

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Outline

What is it!!??

EDC’s Commitment to CSR

What does CSR mean to EDC Customers?

Outlook

What we need from you

Page 3: Corporate Social Responsibility (CSR) @ EDC · Sustainability Corporate Citizen Corporate Integrity Corporate Social Responsibility Corporate Responsibility . 4 Statement of Commitment

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What is CSR?

Business Integrity

Commercial

Principles

Viability of Project

Sustainable

Development

Business

Sustainability

Corporate Citizen

Corporate Integrity

Corporate Social

Responsibility

Corporate

Responsibility

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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.

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Corporate Plan Commitments

CSR is one of EDC’s key operating

principles

It influences the way we execute our mandate

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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)

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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

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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

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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

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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

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What does CSR mean to EDC Customers?

Disclosure of individual transactions

See:

www.edc.ca/disclosure

« Reporting on

Transactions »

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How does CSR touch EDC customers?

Ex-Ante Project Disclosure

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What does CSR mean to EDC Customers?

Large infrastructure projects – approved/signed

Category A Projects Category B Projects

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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

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Outlook

Combatting corruption

Changing dynamics

Government of Canada’s CSR Strategy

Human rights

Environmental and social review of corporate

facilities

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DFATD Assistance

• Raising awareness about

EDC’s CSR program and

policies

• Assistance and intelligence

from the field

• Partnering during CSR events

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Questions / Comments

For more information, see

www.edc.ca/csr