2022 Integrated Annual Report: Better Through Trade (EDC Investments)

Summary

• EDC supported $133.4 billion in exports, foreign investment and trade development activities in 2022, including $27.6 billion in emerging markets compared to $22 billion in 2021.p.16
• EDC facilitated $8.8 billion in the cleantech sector, above the planned $7.2 billion to $7.9 billion, with growth of 40%.p.16
• EDC's insurance program helped more than 9,400 customers close approximately $105 billion in export sales with almost 119,000 buyers.p.16
• Exposure to the six most carbon-intensive sectors was $9.6 billion, compared to $13.6 billion in 2021, a reduction of 57%.p.18
• EDC's Net Promoter Score was 75.4, higher than last year's score of 72.3.p.17
• EDC's 2030 strategy aims to help Canada increase its exports by 60% over 2020 levels.p.10

Key insights

1. Medium-sized companies represent only 8% of Canada's exporters but generate more than 21% of export value.p.23
2. EDC served 1,175 medium and 10,520 small Canadian companies with its financial products.p.17
3. The $200 million Inclusive Trade Investments Program aims to give diverse-owned and led businesses equitable access to capital.p.26
4. EDC's airlines target is a 37% reduction in emissions per passenger kilometre by 2030, with 2022 intensity at 130.6 gCO2/passenger kilometre.p.19
5. EDC's upstream oil and gas target is a 15% reduction in loan-weighted production volume by 2030.p.19
6. Implied yearly investments to limit global warming to below 2 degrees C are in the $1 trillion to $3 trillion range.p.13
7. An estimated 60,000 Indigenous entrepreneurs and companies operate in Canada.p.27