EDC Releases Annual CSR Report

(CSRwire, Ottawa, 3 June 2013) Export Development Canada (EDC), Canada's Export Credit Agency, today issued its Annual Report on Corporate Social Responsibility (CSR). The report chronicles EDC’s CSR activities in 2012, outlining how the Corporation has adapted to the new reality of international business, where global integration into emerging markets continues to increase. The report also captures EDC’s CSR key achievements this past year in both practice and policy, and presents important updates surrounding issues that impact key stakeholders including clients, employees and the public... The 2012 CSR report provides an overview of EDC’s financial transactions around the world and how EDC applied its CSR due diligence, including EDC’s first major project financing in India. “Most organizations tend to link their CSR policies to compliance to international standards, but many are now recognizing that a compliance-based approach is often not up to the task,” added Ms. Schneider. “EDC has evolved beyond compliance in many areas of CSR to a more principles-based philosophy, because today there are no simple recipes when every situation is different.”