2019 TCFD Disclosure (EDC Investments)

Summary

• EDC issued its first dedicated Climate Change Policy in January 2019.p.1
• The target implies reducing carbon intensive exposure to $18.9 billion by 2023, a decrease of approximately $3.3 billion.p.5
• EDC served 227 cleantech sector customers and facilitated $2.5 billion of business.p.4
• Structured and project finance and corporate finance loans represent 88 per cent of EDC's financing portfolio.p.4
• In August, EDC issued its fifth Green Bond, worth $500 million.p.6
• EDC's operational carbon footprint for 2019 is 3,539 tonnes CO2e, or 2.4 tonnes per employee.p.6

Key insights

1. The CSR Advisory Council was established in 2006 and meets semi-annually.p.2
2. EDC hosted its third annual Cleantech Export Week.p.2
3. The financing portfolio represents 69 per cent of EDC's overall portfolio.p.4
4. Green Bonds have financed nearly 30 transactions worth more than $2 billion.p.6
5. EDC anticipates that approximately 4.1 million tonnes of CO2e will be avoided annually as a result of these transactions.p.6
6. In 2019 EDC provided $100 million in climate finance in support of the Government of Canada's commitment to the UN Framework Convention on Climate Change.p.6