CSR In Action: EDC releases third Corporate Social Responsibility Report

    OTTAWA, Aug. 1 /CNW Telbec/ - Export Development Canada (EDC) today
released its third Corporate Social Responsibility (CSR) Report. The CSR
Report reviews EDC's performance and activities against a number of criteria
and performance measures related to its commitment to operate in a socially
responsible manner.
    "2006 was a year to take stock of our CSR commitments, and we engaged
with CSR experts to gather feedback on our efforts and to ensure that our
commitments are evolving in step with the changing nature of our business,"
said Eric Siegel, President and CEO of EDC. "The 2006 CSR Report reflects this
evolution and provides stakeholders with a unique opportunity to see EDC's CSR
polices in action with profiles of complex transactions."
    In 2006, EDC undertook a corporate-wide exercise to assess the progress
of its CSR commitments and to gauge stakeholder expectations in areas such as
human rights, transparency and the environment. This exercise also included a
review of its performance measures to ensure they accurately reflect the
evolution of EDC's CSR practices. EDC also reported upon the results of its
corporate-wide Environmental Policy, introduced in 2005, which broadened the
scope of its environmental review process.
    The 2006 CSR Report features project profiles that concretely illustrate
EDC's environmental review procedures, including EDC's facilitation of a
copper mine in Africa, airport construction in Cyprus and equity financing for
a wind energy project where the power will be exported to the USA.
    Mr. Siegel also said that "understanding our customers' challenges,
particularly in opportunity-rich emerging markets, allows us a better
understanding of what CSR really means in global trade, day to day, and we
continually apply that knowledge to advance our policies and maintain our high
CSR standards."

    The 2006 report is available online at:
    Printed copies can be requested via edcdirect@edc.ca.

    EDC is Canada's export credit agency, offering innovative commercial
solutions to help Canadian exporters and investors expand their international
business. EDC's knowledge and partnerships are used by 6,400 Canadian
companies and their global customers in up to 200 markets worldwide each year.
EDC is financially self-sustaining and is a recognized leader in financial
reporting, economic analysis and has been named one of Canada's Top 100
Employers for six consecutive years.

For further information:

For further information: Phil Taylor, Public Affairs, Export Development
Canada, (613) 598-2904, ptaylor@edc.ca

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