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 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 27 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, 186,100 kg CO2e from Scope 2 emissions, and a significant 3,989,500 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 2,241,100 kg CO2e, indicating a notable increase in emissions. In 2021, EDC's total emissions were approximately 1,803,200 kg CO2e, with Scope 1 emissions at 431,300 kg CO2e, Scope 2 at 206,700 kg CO2e, and Scope 3 emissions reaching 1,165,200 kg CO2e. The trend shows a substantial rise in emissions over the years, particularly in Scope 3, which encompasses indirect emissions from the value chain. EDC has not disclosed specific reduction targets or initiatives as part of their climate commitments. However, they continue to monitor and report their emissions across all scopes, demonstrating a commitment to transparency in their environmental impact. The absence of defined reduction targets suggests a need for further strategic planning in their climate action efforts.
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Add to project| 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 committed to any reduction initiatives 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.
