Export Development Canada
Export Development Canada (EDC), headquartered in Ottawa, Ontario, is a leading provider of financial and risk management solutions for Canadian exporters. Established in 1944, EDC has played a pivotal role in supporting Canadian businesses across various sectors, including manufacturing, technology, and natural resources. With a focus on facilitating international trade, EDC offers a range of services, including export credit insurance, financing, and advisory services tailored to the unique needs of Canadian companies. Its commitment to fostering global trade has positioned EDC as a trusted partner for businesses looking to expand their reach in international markets. Recognised for its expertise and reliability, EDC continues to enhance Canada's competitive edge in the global economy, making it an essential player in the export development landscape.
DitchCarbon Score
How does Export Development Canada's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Export Development Canada's score of 36 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Export Development Canada's reported carbon emissions
In 2023, Export Development Canada (EDC) reported total carbon emissions of approximately 4,599,300 kg CO2e. This figure includes 423,700 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 186,100 kg CO2e from Scope 2 emissions, related to the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 3,989,500 kg CO2e, fall under Scope 3, which encompasses indirect emissions from the value chain, including significant contributions from business travel (1,777,900 kg CO2e) and employee commuting (344,000 kg CO2e). In comparison, EDC's total emissions in 2022 were approximately 2,241,100 kg CO2e, with Scope 1 emissions at 493,300 kg CO2e and Scope 2 at 175,300 kg CO2e. The Scope 3 emissions for that year were about 1,572,500 kg CO2e, indicating a substantial increase in overall emissions from 2022 to 2023. Despite the increase in emissions, EDC has not publicly committed to specific reduction targets or initiatives as part of their climate strategy. Their emissions data reflects a comprehensive approach to tracking and reporting emissions across all three scopes, aligning with industry standards for climate accountability.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 417,200 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 232,800 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 4,449,700 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Export Development Canada is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
