Agreements and memberships

^{ESG | Risk management | Sustainable finance |} ^{Agreements and memberships | Materiality | ESG metrics}

^{ESG | Risk management | Sustainable finance |}
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ESG metrics}

The success of our business, and that of our customers, hinges on strong environmental, social and governance (ESG) practices. We build this strength through our own expertise and the expertise of respected organizations and governing bodies in this space. Our strategy and processes are guided by a combination of agreements, memberships and governing legislation.

Memberships

Our memberships allow us to benefit from the most current expertise and leading best practices in specific areas of focus. As an active participant in many of these memberships, it also allows us to lend our knowledge and contribute to the development of standards and practices.

Berne Union (Chair of the Climate Working Group)

Boston College Center for Corporate Citizenship

Canada Crown Corporations TCFD Working Group

Canadian Centre for Ethics and Corporate Policy (EthicsCentre)

Conference Board of Canada – Corporate Ethics Management Council

Conference Board of Canada – Corporate Responsibility and Sustainability Council

Equator Principles Association

Global Compact Network Canada (learning partner)

Global Reporting Initiative – The GRI Community

OECD Working Party on Export Credits and Credit Guarantees (Government of Canada)

Partnership for Carbon Accounting Financials

Powering Past Coal Alliance

Task Force on Climate-related Financial Disclosures

Transparency International Canada (corporate partner)

International agreements and standards

International agreements and standards are a way for us to enhance the coordination of our actions with other organizations around the globe and formalize our commitments to strong ESG practices.

Equator Principles

Extractive Industries Transparency Initiative

OECD Arrangement on Officially Supported Export Credits

OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions

OECD Guidelines for Multinational Enterprises

OECD Recommendation for Further Combating Bribery of Foreign Public Officials in International Business Transactions

OECD Recommendation of the Council on Bribery and Officially Supported Export Credits

OECD Recommendation of the Council on Common Approaches for Officially Supported Export Credits and Environmental and Social Due Diligence (the “Common Approaches”)

OECD Recommendation of the Council on Sustainable Lending Practices and Officially Supported Export Credits

United Nations Guiding Principles on Business and Human Rights (UNGPs)

Voluntary Principles on Security and Human Rights

World Trade Organization Agreement on Subsidies and Countervailing Measures

Canadian legislation

As a commercial and financial Crown corporation, we are subject to a range of legislation, most importantly the Export Development Act, which sets out our mandate via the Statement of Priorities and Accountabilities (SPA) received from the Minister of International Trade, Export Promotion, Small Business and Economic Development.

Canadian Net Zero Emissions Accountability Act

Corruption of Foreign Public Officials Act

Criminal Code

Export Development Act

Federal Accountability Act

Financial Administrative Act

Freezing Assets of Corrupt Foreign Officials Act

Justice for Victims of Corrupt Foreign Officials Act

Public Servants Disclosure Protection Act

Special Economic Measures Act

United Nations Act