Export Development Canada Sustainability Profile
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 42 is higher than 61% 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, primarily from purchased electricity. The majority of EDC's 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 (1,798,400 kg CO2e) and upstream leased assets (890,600 kg CO2e). Comparatively, in 2022, EDC's total emissions were about 2,241,100 kg CO2e, indicating a substantial increase in emissions year-on-year. The breakdown for 2022 included 493,300 kg CO2e from Scope 1, 175,300 kg CO2e from Scope 2, and 1,572,500 kg CO2e from Scope 3 emissions. EDC has not set specific reduction targets or initiatives as part of its climate commitments, nor does it report any cascading data from a parent organisation. The absence of documented reduction targets suggests a need for further development in their climate strategy. Overall, EDC's emissions data reflects its operational impact and highlights areas for potential improvement in sustainability practices.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 431,300 | 000,000 | 000,000 |
| Scope 2 | 206,700 | 000,000 | 000,000 |
| Scope 3 | 1,165,200 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Export Development Canada's Industry?
How Carbon Intensive is Export Development Canada's Location?
Export Development Canada's Scope 3 Categories Breakdown
Export Development Canada's Scope 3 emissions, which increased by 154% last year and increased by approximately 242% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 45% of Scope 3 emissions.
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Export Development Canada's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Export Development Canada has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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