EDC SUPPORT FOR CLIMATE CHANGE INITIATIVESClimate change continues to be one of the most pressing issues of our time, presenting both risks and opportunities for EDC and Canadian exporters. We remain committed to supporting the Government of Canada’s policy priorities by providing Canadian cleantech2 companies with solutions to bolster their international growth.In 2018, we reported U.S. $231 million in climate finance eligible transactions, bringing our biannual (2017-2018) financing support for climate-related projects or companies in developing countries up to U.S. $509 million. In addition, we facilitated more than $2 billion in cleantech exports for 210 cleantech companies (discussed in section3.3).Our Green Bonds program continues to garner strong interest from the business and investor community. In 2019, we issued our 5th Green Bond valued at CAD $500 million, for a total of more than $2 billion in green bond issuances since 2014. The proceeds of the Green Bond offerings go towards our portfolio of green assets, including loan assets made to companies active in preservation, protection or remediation of air, water, and soil, renewable energy and climate change mitigation.In January 2019, we became the first Export Credit Agency with a Climate Change Policy. As a first step to implementing this policy, we issued our first disclosure following the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD), and have developed a five-year plan to complete its implementation. Through this work, EDC became the first Export Credit Agency to support the TCFD.
https://www.edc.ca/content/dam/edc/en/corporate/corporate-plan-summaries/corp-plan-2020-2024.pdf